Sunday, July 28, 2013

More math mistakes

According to a picture that is making the rounds on Facebook, Halliburton will make enough money to pay off a $200,000 fine in "just 23 seconds".

$200,000 per 23 seconds is $274 billion per year. The "23 seconds" number appears to come from an article in the Huffington Post:

http://www.huffingtonpost.com/2013/07/26/halliburton-fine_n_3659293.html

This article claimed it uses the 2012 revenue numbers. However, Halliburton's revenues are actually only about $28.5 billion per year:

http://www.halliburton.com/public/news/pubsdata/press_release/2013/Q412_Earnings_Release.pdf

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