Sub-$70 oil is squeezing margins, forcing Exxon, Chevron, and BP to rethink $100 billion in annual returns. Dividends to Dry Up as Sub-$70 Crude Squeezes Supermajors – Amidst fears of oversupply and tariff-impacted demand slowdown, global oil majors are widely expected to start cutting their shareholder payouts as sub-70 oil prices loom large over the horizon.- Most majors need oil prices above $80 per barrel to sustain current levels of dividends and share buybacks, with France’s TotalEnergies already flagging that it will reduce buybacks…
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