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 mentioned about the company's divestiture plan during the call?

What was the significance of the 3.5 billion yen mentioned in the Q&A?