Occidental Petroleum Guts Dividend to 42-Year Low of a Penny – Yahoo Finance

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Occidental Petroleum Guts Dividend to 42-Year Low of a Penny – Yahoo Finance

(Bloomberg) — Occidental Petroleum Corp. cut its quarterly dividend by 91% to the lowest since at least the 1970s amid the pandemic-driven collapse in energy demand that has strained the oil explorer’s ability to shoulder its debt.Occidental shareholders wil…
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