SA: US CFOs’ top priority is cost-cutting amid economic uncertainty, survey finds
SEEKING ALPHA reports: With economic and geopolitical uncertainty lingering, finance chiefs in the U.S. have directed ...
SEEKING ALPHA reports:
The world’s largest oil companies have been known for their dividend safety for years, but that may be changing amid a historic rout in crude prices. “In this extraordinary situation, we have decided to reduce the cash dividend for the first quarter 2020 by 67% [to $0.09],” Norway’s Equinor (NYSE:EQNR) said in a statement. While most oil majors have already slashed investments and buybacks, the latest could be a signal of what’s to come from others in the industry, including Royal Dutch Shell (RDS.A, RDS.B), BP (NYSE:BP), Exxon Mobil (NYSE:XOM), Chevron (NYSE:CVX), Total (NYSE:TOT) and ConocoPhillips (NYSE:COP).
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