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Oil Investors See $7.4 Billion Vanish as Dividends Targeted

  • Conoco, Kinder resort to cuts 'deplored' by shareholders
  • `It could be a lot of years before you see any rebound'
Bloomberg business news

Here's Why This Is Only the Fourth Time Oil Has Tanked

Updated on

The check is not in the mail.

Bludgeoned by falling energy prices, at least a dozen oil and natural gas companies have opted to cut dividends this year to preserve cash, cannibalizing payouts considered sacrosanct by many investors.