Thread regarding Halliburton Co. layoffs

HALLIBURTON NEW CEO Is destroying the Company.

Used to work for Halliburton for a while. and had worked directly with the present CEO when he used to be a VP.

He is destroying the company Plus Halliburton has a lot of issues in the management system and this is affecting the performance of the company.

Wish them all the best of luck. But if under this management sooner or later it will run out of business.

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Post ID: @OP+16bVsIl8

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Base salary of $9.03 million plus millions more in stock and bonuses. CEO pay is out of control.

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Post ID: @3dfd+16bVsIl8

But now they have a nano lab. Good times are coming.

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Post ID: @2nlm+16bVsIl8

It’s not the CEO it’s the 12 layers of incompetent management that we have. We don’t need a VP and a Director for every dang thing. For every VP you eliminated you would save the company a half million plus in salary and benefits. For every Director, 300k plus. Then watch our revenue boom and our profit margins soar. Eliminate waste in Management. It’s simple.

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Post ID: @zsr+16bVsIl8

Halliburton is one of the world's largest providers of products and services to the energy industry. With more than 40,000 employees, representing 140 nationalities in more than 80 countries.

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Post ID: @fmt+16bVsIl8

Halliburton Completion and Production revenue in the second quarter of 2020 was $1.7 billion, a decrease of $1.3 billion, or 44%, when compared to the first quarter of 2020, while operating income was $159 million, a decrease of $186 million, or 54%. These declines were driven by a decrease in pressure pumping activity globally, primarily in U.S. land and Latin America, coupled with lower artificial lift activity in U.S. land. This was partially offset by improved completion tool sales internationally.
Drilling and Evaluation revenue in the second quarter of 2020 was $1.5 billion, a decrease of $551 million, or 27%, when compared to the first quarter of 2020, while operating income was $127 million, a decrease of $90 million, or 41%. This decline was primarily due to a global reduction in drilling-related services and lower software sales internationally

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Post ID: @fvc+16bVsIl8

Halliburton Completion and Production revenue in the second quarter of 2020 was $1.7 billion, a decrease of $1.3 billion, or 44%, when compared to the first quarter of 2020, while operating income was $159 million, a decrease of $186 million, or 54%. These declines were driven by a decrease in pressure pumping activity globally, primarily in U.S. land and Latin America, coupled with lower artificial lift activity in U.S. land. This was partially offset by improved completion tool sales internationally.
Drilling and Evaluation revenue in the second quarter of 2020 was $1.5 billion, a decrease of $551 million, or 27%, when compared to the first quarter of 2020, while operating income was $127 million, a decrease of $90 million, or 41%. This decline was primarily due to a global reduction in drilling-related services and lower software sales internationally

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Post ID: @acf+16bVsIl8

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