Natural Resources >> Analyst Interviews >> January 13, 2015

Major Integrated Oil Companies Maintain Dividends in Volatile Price Environment

Clint, Oswald
Oswald Clint, Ph.D., ACA is a Senior Research Analyst at Sanford C. Bernstein & Co., LLC. Dr. Clint joined the company in late 2004 and was part of the energy team covering commodities and the global majors. Since 2009 he is the Senior Research Analyst now covering the European majors, large-cap E&Ps and Russian majors. He consistently ranks in the top three of Institutional Investor's and Thomson-Reuters’ Extel surveys, ranking number one in 2014 Institutional Investor and number two in 2014 Extel. Prior to Sanford C. Bernstein & Co., LLC, he worked at KPMG covering global energy companies. He received his Ph.D. in geophysics from University College London where he also conducted two years of industry sponsored postdoctoral research in reservoir rock physics. He is also a Chartered Accountant (ACA). Profile
TWST: You expect global upstream capex to collapse this year. Can you discuss your thoughts about what you expect to happen and over what time frame?

Mr. Clint: We’ve spent $800