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Halliburton posts loss as oil rout hits services demand

Credit: REUTERS/© Richard Carson / Reuters

Oilfield services provider Halliburton Co on Monday posted its fourth consecutive quarterly loss as this year's slump in oil prices due to the COVID-19 pandemic hit demand for its services.

Oct 19 (Reuters) - Oilfield services provider Halliburton Co HAL.N on Monday posted its fourth consecutive quarterly loss as this year's slump in oil prices due to the COVID-19 pandemic hit demand for its services.

Net loss attributable to the company was $17 million, or 2 cents per share, in the third quarter ended Sept. 30, compared with a profit of $295 million, or 34 cents per share, a year earlier.

(Reporting by Shariq Khan in Bengaluru; Editing by Shinjini Ganguli)

((Shariq.Khan@thomsonreuters.com; Within U.S.+1 646 223 8780, outside U.S. +91 80 6182 2681; Twitter: @shariqrtrs))

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