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.

Image Credit: Halliburton

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 war between producing nations.

Please read more:  http://www.oedigital.com/news/478694-halliburton-cuts-dividend-75?utm_source=AOGDigital-ENews-2020-05-21&utm_medium=email&utm_campaign=OEGDigital-ENews

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