Halliburton Posts Quarterly Loss

Oilfield services major Halliburton has recorded a forth-quarter loss on $282 million impairments and other charges.

Net loss attributable to the company was $28 million ($0.03 per share), compared with a profit of $901 million, ($1.06 per share) in the year-ago quarter.

For the full-year 2015 net loss attributable to company was $671 million compared to $3.5 billion net profit in 2014.

Forth-quarter revenue dropped to $5.08 billion versus $8.77 billion same time last year.

In addition, total revenue for the full year of 2015 was $23.6 billion, a decrease of $9.2 billion, or 28 per cent, from 2014.

Subsea World News Staff