CORPORATE STRATEGY

Kosmos Star Rises But Dividends Still Distant

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  • Kosmos Energy’s 50% jump in oil and gas output between 2022 and end-2024 will mark the culmination of its shift from plucky explorer to cash flow-generating developer.

  • However, the company's reliance on external operators means execution risk management falls heavily to others, limiting its ability to drive investment decisions and timelines.

  • Kosmos' looming entry into LNG in close proximity to Europe has propelled its shares in recent months, but dividends will remain elusive until its still-significant debt load can be addressed.

The Issue

Topics:
Corporate Strategy , Independent E&Ps, LNG Projects, Offshore Oil and Gas, Upstream Projects, Deepwater
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