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Purveyor

(29,876 posts) Fri Apr 22, 2016, 06:47 PM Apr 2016

6

Halliburton Cuts 6000 Jobs Amid Slowdown In Drilling

Source: ASSOCIATED PRESS

HOUSTON (AP) -- Halliburton Co. says that it cut more than 6,000 jobs in the first quarter, continuing a purge at the oilfield-services company that has reduced its workforce by one-third since late 2014.

The company said Friday revenue in the first quarter fell to $4.2 billion, a 40 percent decline from the first quarter of 2015. That's in line with the average analyst estimate of $4.2 billion, according to FactSet.

Halliburton has been slammed by the slowdown in drilling since oil prices began falling in mid-2014. It's more concentrated in North America than rival Schlumberger Ltd., and that has hurt it.

Houston-based Halliburton expects industry spending on drilling and production in North America to drop 50 percent this year after a 40 percent decline last year.

Read more: http://hosted.ap.org/dynamic/stories/U/US_HALLIBURTON_OUTLOOK?SITE=AP&SECTION=HOME&TEMPLATE=DEFAULT&CTIME=2016-04-22-18-12-24

8 replies

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Highlight:

Halliburton Cuts 6000 Jobs Amid Slowdown In Drilling (Original Post) Purveyor Apr 2016 OP

Better start another war to make up for that. Helen Borg Apr 2016 #1

Ahhh give it another 10 months or so and 'game on'... Purveyor Apr 2016 #2

The plans are probably already laid. They're just tidying up in anticipation. nt silvershadow Apr 2016 #3

True. Kissinger will have another little trophy. Helen Borg Apr 2016 #4

There are some interesting deployments to Kuwait that aren't makingg Purveyor Apr 2016 #5

Yes, there are. I have knowledge as well. nt silvershadow Apr 2016 #6

I am sure Cheney is still getting his money. redstatebluegirl Apr 2016 #7

Great Caesar's Ghost! This can't be true! Major Hogwash Apr 2016 #8

Helen Borg

(3,963 posts)

1. Better start another war to make up for that.

Reply to Purveyor (Original post)

Fri Apr 22, 2016, 06:48 PM

Apr 2016

Purveyor

(29,876 posts)

2. Ahhh give it another 10 months or so and 'game on'...

Reply to Helen Borg (Reply #1)

Fri Apr 22, 2016, 06:58 PM

Apr 2016

silvershadow

(10,336 posts)

3. The plans are probably already laid. They're just tidying up in anticipation. nt

Reply to Purveyor (Reply #2)

Fri Apr 22, 2016, 07:01 PM

Apr 2016

Helen Borg

(3,963 posts)

4. True. Kissinger will have another little trophy.

Reply to silvershadow (Reply #3)

Fri Apr 22, 2016, 07:02 PM

Apr 2016

Purveyor

(29,876 posts)

5. There are some interesting deployments to Kuwait that aren't makingg

Reply to silvershadow (Reply #3)

Fri Apr 22, 2016, 07:02 PM

Apr 2016

the news that I know personally of.

silvershadow

(10,336 posts)

6. Yes, there are. I have knowledge as well. nt

Reply to Purveyor (Reply #5)

Fri Apr 22, 2016, 07:09 PM

Apr 2016

redstatebluegirl

(12,265 posts)

7. I am sure Cheney is still getting his money.

Reply to Purveyor (Original post)

Fri Apr 22, 2016, 07:13 PM

Apr 2016

Major Hogwash

(17,656 posts)

8. Great Caesar's Ghost! This can't be true!

Reply to Purveyor (Original post)

Fri Apr 22, 2016, 08:00 PM

Apr 2016

Even though Al Gore warned everyone almost 2 years ago to keep away from investing in fossil fuel corporations.

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