Wintershall Dea slashes investment budget
A surprisingly large output volume wasn't enough to offset low commodity prices for Europe's new gas giant. Wintershall Dea now sees itself obliged to make "significant" investment budget cuts for this year and drop paying dividends to shareholders.
Since the merger of Wintershall and DEA last year, the company has called itself Europe's leading independent oil and gas company. Wednesday, the new major player based in Germany presented its first annual financial statement, which contains both high-performance surprises and reduced ambitions.
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