Tuesday, 10 March 2020

UPDATE 5-Occidental slashes dividend and spending as oil prices crash

Occidental Petroleum Corp on Tuesday slashed its shareholder dividend and unveiled a new round of spending cuts, a day after a collapse in U.S. crude prices to near $30 a barrel fed investor worries about its heavy debt load and shrinking cash flow.



from Reuters: Company News https://ift.tt/38Hs7LC
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