By James Connington: 14 NOVEMBER 2016
In the hunt for income‑producing stocks, BP and Royal Dutch Shell are two obvious candidates.
Both have so far kept dividend promises made before the oil price crash, leading to hefty yields: 7pc for BP and 6.7pc at Shell. But which firm is better placed to sustain such attractive dividends?
At first glance, it can look like splitting hairs. Each is prioritising dividend payments, although there is little chance of dividend growth.
Both have taken significant action to cut costs and sell assets in response to the lower oil price.