# Dividends → Integrated Oil

Dividends represent one part of the company’s profits from the previous period. The company distributes them between its owner-shareholders. Businesses may pay out dividends, but they are not obliged to. The method that is used to calculate the dividend is described in the company's dividend policy or articles of association. The clearer and more transparent the calculation principle, the more investors love the company. Many factors affect whether dividends are paid out. The main ones are the need for financing by major shareholders and tax optimization. So, if the state in the person of a fund or state-supported organization is one of the shareholders, the payment of regular dividends is practically guaranteed. The same is true, but to a lesser extent, in the case of a serious debt burden that is incurred by one of the business owners.

### Average yield of the industry: 2.13 %

Calculated as the simple average of company dividend yields in this group.
Ticker Company name Close Price Capitalization Dividend Yield P/E ratio
EC Ecopetrol SA 13.15 USD 27 B 6.80 % 6.71
BP BP Plc 27.71 USD 93 B 2.27 % 23.04
HESM Hess Midstream Partners LP 19.32 USD 5.5 B 2.23 % 10.42
TOT Total SA 43.08 USD 110 B 1.76 % 13.67
XOM Exxon Mobil Corp. 53.08 USD 220 B 1.64 % 19.94
EQNR Equinor ASA 16.71 USD 55 B 1.62 % 29.80
CVX Chevron Corp. 100.81 USD 190 B 1.28 % 49.11
NFG National Fuel Gas Co. 42.49 USD 3.8 B 1.02 % 39.95
SU Suncor Energy, Inc. 21.22 USD 32 B 0.99 % -19.98
CNX CNX Resources Corp. 10.84 USD 2 B -6.19

### Average yield of the industry: •

Calculated as the simple average of company dividend yields in this group.
Ticker Company name Close Price Capitalization Dividend Yield P/E ratio

### Average yield of the industry: •

Calculated as the simple average of company dividend yields in this group.
Ticker Company name Close Price Capitalization Dividend Yield P/E ratio

### Average yield of the industry: 1.19 %

Calculated as the simple average of company dividend yields in this group.
Ticker Company name Close Price Capitalization Dividend Yield P/E ratio
IMO Imperial Oil Ltd. 18.51 USD 14 B 1.19 % 10.97