Halliburton Posts $1.7 Billion Q2 Loss; Revenues Plunge
Halliburton said revenues fell 57% from last year to $3.2 billion as it posted a reported loss of $1.7 billion for the pandemic-stricken second quarter.
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Thanks Chesapeake for staying true to producing nothing but debt and I owe you’s.
Finally getting rid of Sperry to save some $$$$.
They’re about to save some money since Hal isn’t providing a company phone anymore.
Layoffs, salary cuts and possibly merging. Who says it has to be just one?
Soon to be introducing the frac from home technology. Won’t need anyone on location. Next up, Pump down from home with Landmark.
$1.7 billion - 😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂
Oh! We have the Azure (bright blue in color like a cloudless sky) coming as per last weeks press release by ChairmEn😂
Correction: Chevron instead of Exxon.
I think they are done with the layoffs and they over did it. The worst is over and Exxon picking up Noble is the sign. The scamdemic is coming to an end by Nov. If Biden wins, the virus will miraculously disappear on Nov 4. If Trump wins, there won't be much mileage left for the Dems. My guess is HAL will have to start re-hiring seriously in early 2022.
Historically after every “negative” earnings call the layoffs starts to happen
The other alternative to lay offs would be salary cuts.
There isn’t much more you can cut without affecting what little revenue we have left. I
mean there are several layers of management that you could axe but let’s be real that’s not happening. The peons have been pretty much gutted at this point. The only thing left would be to start shuttering entire facilities and if we do that we risk not meeting customer demands
Halliburton is an excellent company when oil is above $100
Q3 to follow