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KM Financial Solutions | UPDATE 5-Occidental slashes dividend and spending as oil prices crash
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UPDATE 5-Occidental slashes dividend and spending as oil prices crash

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

Posted at 22:50h in News by
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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.

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