Page 1 - EurOil Week 22
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Issue 606                04•June•2020                      Week 22






                    ™     ™aking the lead
                            T

                            Suncor’s CEO, Mark Little, has suggested that Canada’s oil sands industry
                            could play a leading role in the energy transition as oil demand falls.


                    ™     ™Dividend cut


                            Occidental Petroleum has slashed its dividend by 91% to just $0.01 per share
                            in a bid to preserve cash as it struggles with the impact of the oil price crash.

                    ™     ™Job losses


                            Chevron has said it will cut its global workforce of around 45,000 by 10-15%
                            in response to the oil industry downturn.

                    ™     ™Cautious comeback


                            A couple of stronger shale drillers are indicating that they will bring some of
                            the production they shut in back online on improved crude prices.
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