There was also 300 folks layed off during the first quarter, total employee count 15,600. The ship is sinking and the rats are going down with it. If oil persists at the current levels you can bet your bottom dollar their will be more layoffs then the fire sales will begin. You can not run a company at 74.76% debt to equity.
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EOG announced the "rigless recovery" implying that production additions will be focused on the Eagleford and Bakken. All due to a successful three year trial of gas injection to imorove recoveries - if you are not a leading US shale player AMF!
"The sun will come out tomorrow. Bet your bottom dollar that tomorrow, there will be sun" -Annie and COP management
I don't think you know much about finance. Go read a book.