Halliburton announces Q4 loss on low revenue

By Kasia Patel
Published: Tuesday, 24 January 2017

Both Q4 and full year 2016 earnings were down y-o-y, while the company noted an improvement sequentially, particularly in North America on the back of the strengthening rig count.

Halliburton Co., one of North America’s largest oilfield services providers, has reported a loss from continuing operations of $149m for the fourth quarter of 2016.

Adjusted income from continuing operations for Q4 stood at $35m, which excluded impairments and other charges in addition to a class action lawsuit settlement.

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