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Ultra-Rich Families Poised for Spending Splurge After Stock Rout

2020-03-18 15:41:00| National Real Estate Investor

More than a third of family offices boosted their cash reserves last year as they bet on a global recession in 2020.

Tags: stock families spending poised

 

Halliburton To Furlough 3,500 Workers As Shale Producers Cut Spending

2020-03-18 02:30:00| OGI

Halliburton's stock has fallen around 70% in the past four weeks, to $6.14. The oilfield services provider already took a series of aggressive cost-cutting measures last year.

Tags: cut workers spending producers

 
 

Pioneer Natural Resources Chops Spending By 45%, Cuts Rig Count

2020-03-16 22:44:48| OGI

The Dallas-headquartered Permian Basin player said March 16 it is lowering this years drilling, completion and facilities capital budget to between $1.6 billion and $1.8 billion

Tags: resources natural count spending

 

BP Eyes Lower Spending After Shares Drop To 24-Year Low

2020-03-13 20:25:59| OGI

BP is seeking to reduce spending after the collapse in oil prices sent its shares to their lowest in 24 years, CEO Bernard Looney said on March 13.

Tags: low lower eyes drop

 

Occidental Petroleum To Slash Dividend, Spending As Oil Prices Crash

2020-03-10 18:00:44| OGI

Occidental said it would slash its quarterly dividend to 11 cents per share from 79 cents.

Tags: prices oil spending crash

 

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