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Halliburton Posts Losses in Q3

M. Ali 19 October, 2020 6:37 pm Global Stock Market, Market Update

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.

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