1997 oil price $60-$70 per barrel. Number of SLB employees c70,000
2015 oil price $50-$60 per barrel. Number of SLB employees c120,000
Need to get rid of 40-50,000 employees.
3 replies (most recent on top)
Not a valid analysis considering all the companies that SLB has acquired since then. Smith International alone was 21,000 employees
Not a valid analysis - slb revenues are much higher now with 120,000 employees
I'm surprised that this hasn't happened yet.