I’ve done sum math and with the current headcount related to stock price while taking into account oil prices.... all Halliburton has to do to get the stock price back to $45 is layoff 20,000 more people (non-salaried, hourly) to lower expenses and finance the equipment to ourselves to generate billable revenue until we dump shares and retire millionaires.
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Thanks for the feedback Jeff.
given how irrational the market is this plan might just work
Chevron to Acquire ExxonMobil in 2021
This is just a rumor but increasing making sense now. XOM's chemical business will be spun off as well.
"Exxon to cut 14,000 global jobs, including 1,900 in U.S., as pandemic hurts demand."
Halliburton BD will need to cut their pricing, IF they hope to keep the 'prestige' of being able to say that EXXON has chosen Halliburton as their "preferred' supplier of oil field services.
Of course, IF Jeffery decides to do it for EXXON, then he will have to do it for Shell, COP, Chevron, BP and the other majors.
Exxon to cut 14,000 global jobs, including 1,900 in U.S., as pandemic hurts demand.
Exxon to lay off 1,900 US employees, mostly in Houston.
I can turn $500 to $0.
I know somebody who can turn $500 into $100