Major Oil Companies Believe Namibia is Africa's Next Oil Hot Spot - Seite 2

Other energy-related developments from around the markets include:

Exxon Mobil Corporation (NYSE:XOM) that Joseph L. Hooley has been elected to its board of directors, effective Jan. 1, 2020. Hooley currently serves as the non-executive board chairman of State Street Corporation and was its chief executive officer from 2010 to 2018.  With the election of Hooley, the ExxonMobil board stands at 11 directors, 10 of whom are non-employee directors.  Hooley's previous experience leading a large global financial services organization, along with operational and risk management expertise, will bring valuable skills to the ExxonMobil board. State Street is one of the world's leading providers of financial services to institutional investors, including investment servicing, investment management and investment research and trading.

Royal Dutch Shell PLC's (NYSE:RDS-A) Board announced the pounds sterling and euro equivalent dividend payments in respect of the third quarter 2019 interim dividend, which was announced on October 31, 2019 at US$0.47 per A ordinary share and B ordinary share. Dividends on A Shares will be paid, by default, in euro at the rate of €0.4234 per A Share. Holders of A Shares who have validly submitted pounds sterling currency elections by November 29, 2019 will be entitled to a dividend of 35.73p per A Share.  Dividends on B Shares will be paid, by default, in pounds sterling at the rate of 35.73p per B Share. Holders of B Shares who have validly submitted euro currency elections by November 29, 2019 will be entitled to a dividend of €0.4234 per B Share. This dividend will be payable on December 18, 2019 to those members whose names were on the Register of Members on November 15, 2019.

Chevron Corporation (NYSE:CVX) announced a 2020 organic capital and exploratory spending program of $20 billion. The 2020 budget supports a robust portfolio of upstream and downstream investments, highlighted by Chevron's world-class Permian Basin position, the company's major capital project at TCO in Kazakhstan, and an advantaged queue of deepwater opportunities in the Gulf of Mexico. "We are positioning Chevron to win in any environment by ratably investing in the highest return, lowest risk projects in our portfolio. This will be the third consecutive year with organic capital spending held flat at $20 billion, continuing our capital discipline through the cycle. Our emphasis on short cycle investments is expected to deliver improved returns on capital and stronger free cash flow over the long-term," said Chevron Chairman and CEO Michael Wirth.