Page 12 - பிரதிநிதி எங்களுக்கு ஹோல்டிங்ஸ் இன்க் News Today : Breaking News, Live Updates & Top Stories | Vimarsana

As oil refiners cope with the energy transition, the debt they have added to their balance sheets to weather the COVID-19 pandemic may force some to choose between debt reduction and dividend payments if the petroleum market recovery lags expectations. High-yield members of the group, including PBF Energy Inc., CVR Energy Inc. and Delek US Holdings Inc., have already suspended dividends in order to preserve cash. But during third-quarter earnings calls, executives at investment-grade HollyFrontier Corp., Valero Energy Corp., Phillips 66 and Marathon Petroleum Corp. reiterated their commitment to return cash to shareholders despite the pandemic. The only thing that s going to stabilize ratings is the demand response, S&P Global Ratings senior director Michael Grande said in a Nov. 19 interview. When COVID hit, we were predicting by this time during the year, things would be better, and they re not. … I wish I could be more emphatic about our belief that things are going to be b

United statesMichael grandeJohn atkinsTudor pickering holtCorey lavinskyMatt blairHollyfrontier corpMorgan stanleyFitch ratingsValero energy corpCredit suisseMarathon petroleum corpMarathon petroleumTudor pickering holt coDelek us holdings incEnergy inc