Home / Market Update / Global Stock Market / Halliburton Posts Losses in Q3

Halliburton Posts Losses in Q3

Halliburton reported quarterly losses for the fourth consecutive quarter, amid disruptions caused by the COVID-19 crisis affecting the global demand for oil.

Revenues decreased to $1.57 billion down by 55% from $3.51 billion for the same quarter last year.

The oil giant posted a net loss of $17 million during the third quarter (Q3) of 2020.

Check Also

Yen Soars as Powell’s Remarks Spur Rate Cut Bets

The Japanese yen advanced sharply against the US dollar on Friday, as Federal Reserve Chair …