A $1 drop in oil barrel will affect upto $100 million to bottomline.. dividend cut will help.. but I still see rich IT contractors roaming in fancy cars !
3 replies (most recent on top)
The price of oil is $45 per barrel and the assets on the books must break even at the current price of oil to be an assets on the books. And so the company has no option but to note a break even price at the current price of oil, reality aside. Whether the company is actually break even at $45 per barrel is another issue.
Getting rid of Bartlesville will help!
IT contractors are in better position than IT employees at COP.
Make lots of money, don't worry about COP BS.