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No. of Recommendations: 10
Is it sustainable?

Opinions differ.
One view is that it will likely hold because they're motivated to hold it, and have more or less infinite access to capital indefinitely.
Or, as a very wild guess, at least 3/4 of it is sustainable, on the theory that the current dividend level is possibly not far from a cyclical floor on their earnings.
Would 6% be enough for you?

Long run I suspect the biggest argument against them probably isn't transport electrification or the demonisation of plastic.
Oil extraction and processing will be a smaller business in future, but the best run remaining participants can still be very profitable businesses.
Try designing and rolling out a vaccine, say, without any petrochemical inputs. Or an EV, for that matter.
But it is tough to be in a business where most of your competitors/adversaries are governments rather than rational economic agents.
Rabbits should not play among dancing elephants.

Note, I have a close to 100% failure rate (or at least "lack of success rate") on my investments in oil and gas, as well as high dividend payers.
So doing the reverse of my opinion would make good rational sense.

Jim
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