May 31, 2020
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Americas (Energy)

Reuters - Business

Occidental offering voluntary job buyouts, citing need for spending cuts: document

Reuters
(Reuters) – Occidental Petroleum Corp (OXY.N) is offering its employees voluntary buyouts over the next two weeks, according to a document seen by Reuters on Tuesday, citing the sharp decline in oil prices and the coronavirus pandemic for “severe dislocations” in its business. FILE PHOTO: The logo of Occidental Petroleum......
Reuters - Business

Debt-stricken Chesapeake Energy to advance incentive executive pay

Reuters
NEW YORK (Reuters) – Chesapeake Energy Corp said it would prepay a total of $25 million in incentive compensation to 21 top executives to ensure they are motivated, even as it prepares to file for bankruptcy protection to tackle its nearly $9 billion debt pile. FILE PHOTO: A Chesapeake Energy......

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