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Occidental Petroleum cuts CEO, staff pay to combat falling oil prices

Occidental Petroleum Corp will cut employee salaries by up to 30%, according to an internal memo reviewed by Reuters, as the debt-laden U.S. oil producer tries to save cash amid tumbling energy prices. [Source]

Publication Date:

Origin: reuters.com

Category: companyNews

Topics: Occidental, prices, Petroleum, staff, employee, Corp will, falling, combat, salaries, according, tries, tumbling, energy, oil producer, debt-laden, an internal, reviewed, Reuters

Source: http://feeds.reuters.com/~r/reuters/companyNews/~3/-MNKX_NHcrA/occidental-petroleum-cuts-ceo-staff-pay-to-combat-falling-oil-prices-idUSL1N2BI06B

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