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Halliburton posts third-straight quarterly loss amid shale slump

Credit: REUTERS/Andrew Cullen

Halliburton Co on Monday posted its third straight quarterly loss as the oilfield services provider recorded a $2.1 billion impairment charge due to weak demand from North American customers reeling under lower oil prices.

July 20 (Reuters) - Halliburton Co HAL.N on Monday posted its third straight quarterly loss as the oilfield services provider recorded a $2.1 billion impairment charge due to weak demand from North American customers reeling under lower oil prices.

The company reported a net loss of $1.7 billion, or $1.91 per share, in the second quarter ended June 30, compared with a profit of $75 million, or 9 cents per share, a year earlier.

Excluding charges, Halliburton earned 5 cents per share.

(Reporting by Shariq Khan in Bengaluru;Editing by Sriraj Kalluvila)

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

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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