Shale Firms Pump Up Dividends As Industry Focus On Returns Grows

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Nearly a third of the 25 top U.S. shale oil producers have paid or pledged to pay dividends this year, according to Reuters review of financial filings, the largest number since the shale boom took off a decade ago.

 

Oil prices have risen by over a third in the past year, giving shale producers more revenue to respond to investor calls for improved shareholder returns.

 

Investors in shale have seen thin returns despite booming production, as shale firms have used profits to invest in raising output more rather than returning cash to shareholders.

 

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