Halliburton slashes dividend by 75% in latest move to save cash
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(Reuters) - Oilfield services provider Halliburton Co slashed its quarterly dividend by 75% on Wednesday, the latest move by the company to shore up cash to cope with a dramatic plunge in oil prices that began in March.U.S. oil prices experienced historic drops throughout March and April, brought on by the demand destruction caused by coronavirus-related lockdowns and a price war between producing nations.As oil and gas explorers slam the brakes on drilling to survive low prices, companies..