French giant Total may be the best of a bad bunch in the unloved oil-and-gas sector. The company weathered a traumatic year for the oil industry better than European peers Shell and BP, annual results released Tuesday confirmed. The company is the second-largest producer of liquefied natural gas, and added significant finds to its oil and gas reserves last year. So much activity could raise the risk of poor delivery, but Total’s results have been steady so far. Both Shell and BP cut their payouts as the pandemic hit oil demand, but Total didn’t and now offers a sector-leading 7.5% dividend yield.

Source: Mint February 10, 2021 11:04 UTC