The company has also announced reductions in its quarterly cash dividends and salaries for company executives.“Murphy recognises the reality of the current situation in the commodity markets, and we believe the reduction in dividends, capital expenditures, salaries and retainers are prudent steps to sustain the company for the long-term,” said Claiborne P. Deming, Chairman of the Board for Murphy Oil Corporation. “We will continue to review our dividend and other items throughout the course of the year and make further adjustments if warranted.”
Read the article online at: https://www.oilfieldtechnology.com/drilling-and-production/02042020/murphy-oil-to-make-further-cost-savings/
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