That means cuts. Be ready, folks.
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Question is why Casey awarded stock or options, when NAL is collapsing under his watch? https://www.barchart.com/stocks/quotes/HAL/insider-trades
@1m2 Nothing says “capitalism for the win” like severance savings funding $250 million in share buybacks. Winning!
@1jr we also repurchased shares for $250 million from the money we saved. Capitalism for the win 💪
Post Q3 call
This tells you all you need to know..........
“I am pleased with Halliburton's third quarter results. Our revenue exceeded our expectations (up 2.1%), and we took important steps towards improving our margins.” commented Jeff Miller, Chairman, President and CEO.
Investors are not impressed
ExCom suffered none at the expense of employees
At this point I’ve become numb to layoffs.
Been here 5 years and I’ve never felt secure here.
@n3 Checks and Balance, that is how the three branches of government work.
@n3
Historically oil prices increase under the blue team.
@ar “Wait and see what happens if the democrats take control in the election.” What does this mean? Is it a good thing or bad thing if they take control?
It was said in a previous thread on here before, buts this is the longest layoff exercise that this sh---y company has had and will continue to the rest of the year, and they are doing it this way to not have to file the WARN notices. The stock has been stuck at this price for multiple years now, that says all you need to know about the idiocy of the management group. Wait and see what happens if the democrats take control in the election.
@OP
https://polymarket.com/event/hal-quarterly-earnings-nongaap-eps-10-20-2026-0pt59
The stock is a joke. Investors haven't been impressed with Halliburton stock performance for quite a while, as it is consistently outperformed by closest competition. Halliburton is just stuck in the past and has not developed an actionable strategy to compete in the next decade or keep up with the dynamics in the energy industry. "Cutting to profitability" has been the go-to mindset for the last decade with no real innovation to diversify its portfolio and in reality, ExCom cares nothing about "maximizing value" for customers.... only themselves. The long and short is that the company is ran by self-interests which know their time with the company has no legacy and only prioritize their pockets above all else. Everyone on the ground should believe the same. ExCom undeserved bonuses alone would have saved countless jobs, and we should all take a similar position to capitalize on every dollar you can while working FOR Halliburton. Q3 call is scheduled for October 20th, and it will be more of the same underwhelming talk from Jeff and Eric. The stock will drop at least 5% shortly thereafter.
Halliburton Corporation doesn't care about you.