HOUSTON — March 10, 2020 — Occidental Petroleum Corporation (NYSE:OXY) announced today that its Board of Directors approved a reduction in the company’s quarterly dividend to $0.11 per share from $0.79 per share, effective July 2020. The company also announced it will reduce 2020 capital spending to between $3.5 billion and $3.7 billion from $5.2 billion to $5.4 billion and will implement additional operating and corporate cost reductions.
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According to Oxy management, the dividend was safe, and of top priority. All of us shareholders were counting on that. More lies from VH and the crew.
wow our stock will be $5 this time tomorrow.