Layoffs, furloughs, and spending cuts: We're tracking how oil giants from Exxon to Halliburton are responding to the historic price shock

8:12am PDT - March 27th, 2020    furloughed means - Business Insider

The novel coronavirus continues to cripple the global demand for oil, driving down the price to 17-year lows. Oil companies are among those that will be hurt the most. The breakeven oil price for an average company's cash flow is $25, about where the US bench…