Halliburton Offers Defense of Abandoned Baker Hughes Deal

The video discusses Halliburton's defense of its canceled acquisition of Baker Hughes, highlighting the company's divestiture plan and the Department of Justice's opposition. It then shifts to Halliburton's cost-cutting measures, including a significant reduction in capital spending and plans for selective acquisitions. The company also mentions its liquidity status post-deal cancellation. The Q&A session addresses financial implications, including a $3.5 billion loss, and the need for further explanation.

What was Halliburton's stance on the divestiture plan related to the canceled acquisition of Baker Hughes?

• They had no opinion on it.

• They believed it was unnecessary.

• They thought it was too costly.

• They considered it a valid plan.

What percentage did Halliburton plan to cut its 2016 capital spending by compared to 2014?

• 50%

• 60%

• 75%

• 80%

What was Halliburton's strategy regarding acquisitions after the canceled deal?

• Focus on international acquisitions

• Acquire multiple companies

• Avoid all acquisitions

• Make selective acquisitions

How much liquidity did Halliburton report having after the canceled deal?

• $5 billion

• $6.6 billion

• $7 billion

• $8 billion

What humorous element was mentioned in the Q&A session regarding financial losses?

• A joke about the executives

• A comedy skit

• A drinking game

• A funny video