The higher production could not offset the lower downstream margins this quarter. This did not stop the group from raising the dividend by 14%. With a low appetite for acquisitions, the visibility on spending in 2020 is good, allowing the group to increase the dividend and lower its gearing.

06 Feb 2020
Q4: lower environment impacts results, dividend increases nonetheless

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Q4: lower environment impacts results, dividend increases nonetheless
The higher production could not offset the lower downstream margins this quarter. This did not stop the group from raising the dividend by 14%. With a low appetite for acquisitions, the visibility on spending in 2020 is good, allowing the group to increase the dividend and lower its gearing.