Oil Companies Curtail Spending on Everything--Except DividendsBy and
Exxon boosts investor payout for 33rd consecutive year
Oil executives selling oilfields, airplanes to raise money
Oil executives are standing by promises to protect dividend payouts from the collapse in crude prices even as they fire workers, cancel drilling projects and sell everything from oil fields to aircraft to conserve cash.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.