Oil Investors See $7.4 Billion Vanish as Dividends Targeted
- Conoco, Kinder resort to cuts 'deplored' by shareholders
- `It could be a lot of years before you see any rebound'
Here's Why This Is Only the Fourth Time Oil Has Tanked
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Bludgeoned by falling energy prices, at least a dozen oil and natural gas companies have opted to cut dividends this year to preserve cash, cannibalizing payouts considered sacrosanct by many investors.