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IS - Glimmers of good news shine through grim earnings season - May 2020
As earnings season begins in earnest, it is clear the coronavirus pandemic has run roughshod over companies’ bottom lines. Shell cut its dividend for the first time since World War II and its current cost of supplies earnings excluding identified items fell nearly 50% to $2.85 billion (PG.1). BP posted a net loss of $4.38 billion in Q1, and said it remains committed to its netzero plans (PG.16). Canada’s Husky Oil also cut capex......
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