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UL - Wall Street Breakfast: First Oil Major To Cut Dividend
Unilever PLC
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The world's largest oil companies have been known for their dividend safety for years, but that may be changing amid a historic rout in crude prices. "In this extraordinary situation, we have decided to reduce the cash dividend for the first quarter 2020 by 67% [to $0.09]," Norway's Equinor (EQNR) said in a statement. While most oil majors have already slashed investments and buybacks, the latest could be