Friday, September 26, 2025
Kosmos to scrap dividend, cut spending to generate cash at $35 a barrel- oil and gas 360

Kosmos to scrap dividend, cut spending to generate cash at $35 a barrel

Reuters Oil and gas producer Kosmos Energy suspended its dividend on Tuesday and said it was aiming to reduce 2020 capital spending by 30% to become cash flow neutral at an oil price of $35 a barrel. Oil giants including the world’s largest publicly traded oil company, Saudi Aramco, Chevron Corp and BP have outlined plans to cut spending after