Saturday, December 21, 2024
Halliburton slashes dividend by 75% in latest move to save cash- oil and gas 360

Halliburton slashes dividend by 75% in latest move to save cash

Reuters Oilfield services provider Halliburton Co slashed its quarterly dividend by 75% on Wednesday, the latest move by the company to shore up cash to cope with a dramatic plunge in oil prices that began in March. U.S. oil prices experienced historic drops throughout March and April, brought on by the demand destruction caused by coronavirus-related lockdowns and a price