ConocoPhillips is expected to report a full-year revenue of $35.91 billion and an EPS of -40 cents per share. Therefore, it should have a dividend coverage ratio of -0.14. ConocoPhillips' negative dividend coverage ratio indicates it may be in financial stress and is unlikely to sustain the current level of dividend payments if it fails to report a positive EPS or net income.
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The credit facilities are based on the the value of the proven reserves, the proven reserves that can be extracted at a profit. Expect action on the part of the banks to decrease the credit facilities dramatically.
i will bet my severance COP's quartly dividends will be UP next payout. They simply borrow more money from backs at a dirt cheap interest rates. They've been doing it for the longest time, and they will continue to do it.
I am interested in the financial status of ConocoPhillips and the peers as the job market in the immediate area are part and parcel the oil and gas industry. The worse the new the worse the job market. Companies focus on hiring from the local job market so the task of finding a new job is even more difficult.
Ok. You should then leave the company. If you already have, then it's none of your damn business. Stop repeating this bullshit about EPS. The entire industry is in distress.