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Go to the home page of ExxonMobil Corporation (http://www.exxonmobil .com) and link to its fi nancial reports page. Now, do the same for Royal Dutch

Go to the home page of ExxonMobil Corporation (http://www.exxonmobil .com) and link to its fi nancial reports page. Now, do the same for Royal Dutch Shell plc (http://www.shell.com), BP plc (http://www.bp.com), and Total Group (http://www.total.com/ho/en). Compare the dividend and the capital investment policies of these four major international oil companies. How do the dividend payment policies of the three European-based companies differ from the U.S.-based company, regarding payout percentages, absolute amount, and payment frequency? Why do you think that BPs accounts are denominated in dollars, even though the group is head quartered in London?

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