Oil is like any business. An oil company cannot control the price. If lightbulbs shot up to $100 a light bulb, light bulb companies would be hiring tens of thousands. If light bulbs go down to 5 cents a light bulb, these people are laid off and everyone is upset and pointing fingers.
Choose a more stable profession that isn’t based on a commodity.
What a tard answer. Cut executives, guit treating SLB like a college. No need for tons of management if you don't bounce jobs every 2 years. Get rid of housing allowances. Quit bringing in foreign workers.
Ok, let me answer: if I were the CEO, I would do the obvious: diversify, move the company away from this fatal dependency on oil, otherwise the company becomes obsolete as soon (or before) the whole oil industry becomes obsolete .
Ok. Let me ask this.
If you were a manager or CEO , how would you create an environment in which you take care of employees, and make sound decisions when the price of oil is $100, and then $15?
Would there be lay offs under you? Would you always have the same amount of employees?
Instead of using meaningless words like “we should come back stronger”, what would you actually do?
Well managed isn't the big blue vocabulary
SLB is not an oil company, it is a oil field services company
A well managed company would not waste and squander company resources during a boom. The CEO would know that there is always a bust after every boom and would not buy marginal companies while bragging that size is our advantage. In well managed companies managers are held accountable and not promoted when they fail. Well managed companies are lean and efficient and do not have needless layers of managers. A well managed company can survive a downturn and emerge stronger, leaner, and more efficient.