Halliburton in freefall as it reports $2.4B loss

OILFIELD contracting giant Halliburton has posted a US$1.7 billion (A$2.4B) loss for the second quarter, COVID-19 and the oil price crash saw its revenue shrink.

Halliburton's South Australian HQ.

21 July 2020
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NYSE-listed Halliburton's second quarter loss adds to a first quarter loss of $1 billion.

Much of this was attributed to US$2.1 billion worth of impairments.

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