Occidental, Canadian Natural Resources Working to Preserve Employment
The rash of layoffs seem to make weekly headlines in the oil industry, but companies are employing measures in an attempt to keep the dreaded “L” word away from their doors.

The Wall Street Journal reports large-scale exploration and production companies like Occidental Petroleum (ticker: OXY) and Canadian Natural Resources (ticker: CNQ) are freezing or reducing salaries to avoid trimming their workforce. Bonuses are being capped. Several executives in many companies are ...

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