Repsol Cuts Dividend as Crude Slump Casts Doubt on Talisman Deal

Updated on
  • Company books charge of 2.96 billion euros for price collapse
  • Talisman assets report operating loss of 208 million euros

Repsol Cuts Proposed Dividend

Repsol SA, the worst-performing major European oil stock over the past year, cut its dividend for the first time since 2009 as its acquisition of Talisman Energy Inc. turned sour amid the crude-market rout.

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