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Big Oil makes biggest cost cuts in a generation to protect dividends

Monday, August 10, 2015 - 05:50

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MR VAN BEURDEN: Shell's CEO says that he has 'levers' to reduce investment further

London

OIL companies are making the largest cost cuts in a generation to reassure investors. They're risking their own future growth.

From Chevron Corp to Royal Dutch Shell plc, producers are firing thousands of workers and cancelling investments to defend their dividends. Cutbacks

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