Halliburton announces Q4 loss on low revenue
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.