Occidental, Noble Energy To Reduce Hours, Pay As Oil Prices Continue To Plunge

Judith Kohler, Denver Post: Business
Tue, 03/31/2020 - 4:08pm

Colorado’s top two oil and gas producers are cutting employees’ pay and hours and placing workers on furlough as they cope with an extraordinary drop in demand due to the coronavirus-fueled economic clamp-down. Noble Energy, the state’s second-largest oil and gas producer, said Tuesday that it will place roughly 30% of its U.S.

Topics: april employees paula beasley february dj houston-based occidental petroleum colorado s denver-julesburg jennifer brice occidental anadarko petrolum march russia related articles colorado s no ceo drilling ed morse citigroup morse national association business economics noble energy u.s beasley as houston colorado u.s basin occidental brice we saudi arabia oil reduce pay continue company furlough global demand coronavirus industry call state cutting producer time market starting workers workforce drop email spokeswoman cutbacks spending reductions woes announced war health economy

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Occidental, Noble Energy To Reduce Hours, Pay As Oil Prices Continue To Plunge

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