11:18 ET - Dividend pressure at big oil companies means some pain for investors, but it could serve as an indicator of which firms are readying themselves for climate change. Dividend cuts tied to the recent economic tumult are a "silver lining" for management teams at oil majors looking beyond fossil fuels, Simon Webber, portfolio manager at Schroders, tells WSJ. Oil companies "will need to be prepared to invest," he says, and have faced constraints due to their cash payouts. Overall, Webber doesn't have a positive outlook on the petroleum sector, but adds one question for majors that want to transition from petroleum is if they can do so in a value-added manner. In April, Royal Dutch Shell cut its dividend for the first time since 1945 and Exxon Mobil froze its dividend. (micah.maidenberg@wsj.com; @MicahMaidenberg)