Cutting headcount and bonuses for employees and suspending dividends are among the ways Dallas-based Kosmos Energy plans to preserve its balance sheet amid market volatility.
The deepwater oil and gas exploration and production company plans to implement cost reductions with more than $60 million of savings in operational expenditures and general and administrative costs in 2020. The company will decrease its headcount and will have no planned cash bonuses for employees in 2020, according to a news…