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Halliburton records a 25% lower revenue in North America

Halliburton records a 25% lower revenue in North America
Energy & power
Wajeeh Khan
Author
Wajeeh K.
Apr 20, 2020, 09:12 AM
  • Halliburton records £820 million in net loss in the quarter that ended on 31st March.
  • The U.S oilfield services company books £890 million impairment charge in the first quarter.
  • The oil and gas company cuts its capital expenditures by £800 million in 2020.

Halliburton Co. (NYSE: HAL) released its quarterly financial results on Monday. The U.S oil and gas company printed £820 million (93 pence per share) in a net loss in the first quarter that came out significantly lower than £122 million (14 pence per share) in profit that it recorded in the same quarter last year.

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