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Stephen Simko

Stephen Simko, CFA, is director of energy equity research for Morningstar. Before assuming his current position in 2015, he was a senior equity analyst, covering the oil and gas and renewable energy industries. Before joining Morningstar in 2008, he spent more than two years in corporate restructuring for FTI Consulting.

Simko holds a bachelor’s degree in finance from the University of Illinois at Chicago. He also holds the Chartered Financial Analyst® designation.


The oil giant has capacity to protect its payout, but if oil remains below $40 a barrel through 2017, it may need to dial it back, writes Morningstar’s Stephen Simko.