Maurel & Prom intends to increase its dividend by 64% so that the stock provides a nice return of over 6%. The oil company is strong on its good results.

Apart from TotalEnergies, the small company Maurel & Prom is also a French oil company that offers returns. It is listed on the Paris stock exchange and has been 71% controlled since 2016 by the Indonesian company Pertamina. Maurel & Prom became significantly profitable again and logically benefited from good market conditions last year after several years of restructuring and lowering its profitability threshold. On the other hand, the average sales price per barrel rose from $72.5 to $97.8, although production remained stable at 25,284 barrels per day. This resulted in a 58% increase in gross operating surplus.

Maurel & Prom could make positive progress in Venezuela after seeing its operations blocked by the American embargo. The company could recover $100 million in dividends from past years, equivalent to 13% of its market capitalization, if Maurel & Prom reached a similar agreement.