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.
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.
Posted by Reuters
