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A Comprehensive Overview of Dividend Policies for Oil Companies from an EU and US Perspective: Major Differences from a Financial and Regulatory Viewpoint (2014)

Dividend Policies for Oil Companies Dissertation – Dividend policy is related to various monetary approaches, which focuses on payment of cash dividends as well as the payment of expected dividend at any stage. If the company wants to issue dividends, then they have to focus on the appropriate profit received by the company. If there is a cash surplus, then the company can focus on the dividend pay-out strategy in the cash dividends through buyback program. Administration must likewise pick the manifestation of the dividend dissemination, usually as cash dividends or by means of a stake buyback.

Different variables may be contemplated: where shareholders must pay impose on dividends, firms might choose to hold profit or to perform a stock buyback, in both cases expanding the worth of portions exceptional. On the other hand, a few associations will pay “dividends” from stock as opposed to in cash; see corporate movement. Monetary hypothesis recommends that the dividend strategy ought to be set based upon the sort of association and what administration figures out is the best utilization of the aforementioned dividend assets for the firm to its shareholders.

As a general govern, shareholders of development associations might lean toward managers to have an allotment buyback program, inasmuch as shareholders of worth or optional stocks might favour the administration of these associations to pay-out surplus profit in the manifestation of cash dividends. The dissertation will make comparison between USA and UK oil firms and their dividend policy. In most of the US and European countries, it is considered that dividend policies of oil companies are usually sticky.

If these dividends are cut as a last resort, when all other activities have been tried, then this might play an important role. If these reluctance to cut dividends in oil companies are made with their stickiness, then the dividend changes might create lag earning changes. Here are following objectives of the study:

Objective 1: Determine the dividend policy and identify how dividend policies are being designed within the oil industry, with particular emphasis to US and EU based companies

Objective 2: Illustrate what are the primary evidences and practices that characterize and distinguish the dividend policies of these two areas

Objective 3: Evaluate how the financial differences between the US and EU practices have shaped the dividend policies within the Oil industry

Objective 4: Analyze the case of Exxon Mobil (US based) and Total (based in France) and highlight what are the major differences in dividend policies between these two companies

The dissertation is divided into five chapters. In chapter 1, basic aim of the study has been provided. In Chapter 2, the researcher has described the thoughts of other researchers. In chapter 3, the researcher has described about the qualitative and quantitative techniques for the study. The approach used for the study is case study approach. In chapter 4, the data has been analyzed from the websites of Total in France and Exxon in UK about the dividend policies. In chapter 5, some recommendations have been provided to these companies.


  • 11,000 words – 38 pages in length
  • Excellent use of literature
  • Good analysis of subject area
  • Well written throughout
  • Ideal for finance students

1 – Introduction
Aims and Objectives
Justification for the Work
Styles and Techniques
Theoretical Basis and Initial Reading

2 – Literature Review
What is Dividend Policy?
What did it used to be?
What has it become now?
What is its future?
Dividend Policies in Europe and USA
Retained Earnings Policy in The EU and US Nations
Reinvestment Opportunities in US and EU Oil Companies
Literature Framework
Table of Contrast

3 – Research Methodology
Research Objectives
Methodology and Design
Reliability and Validity
Data Collections
Qualitative
Quantitative
Limitations

4 – Data Analysis
Purpose
Chosen Companies
Exxon Mobil
Total (France)
Objectives
Main Analysis
Dividend Policy Indication
Primary Evidence practice
Ratio Analysis
Comparison of Exxon and Total

5 – Conclusion and Recommendations
Conclusion
Recommendations
General provisions
Approved by Board of Directors’ Resolution no
Terms and definitions
Principles of dividend calculation
Dividend calculation method
Dividend Pay-out Decision-Making

References

Appendix
Ratio Analysis

Dividend Policies for Oil Companies Dissertation
Dividend Policies for Oil Companies Dissertation

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