UPDATE 1-Occidental slashes budget, salaries in bid to cope with falling oil prices
Occidental Petroleum Corp
on Wednesday unveiled a new round of deep spending cuts,
slashing budget for a second time this month and sharply
reducing salaries, as the debt-laden U.S. oil producer tries to
save cash amid tumbling energy prices.
on Wednesday unveiled a new round of deep spending cuts,
slashing budget for a second time this month and sharply
reducing salaries, as the debt-laden U.S. oil producer tries to
save cash amid tumbling energy prices.
Posted by Reuters
