July 20 (Reuters) – Halliburton Co, the world's No.2 oilfield services provider, posted a quarterly loss, compared with a year-earlier profit, hurt mainly by the $3.5 billion fee it paid for terminating a deal to buy Baker Hughes Inc.
Net loss attributable to Halliburton was $3.21 billion, or $3.73 per share, in the second quarter ended June 30, compared with a profit of $54 million, or 6 cents per share, a year earlier.
Halliburton said revenue fell 35 percent to $3.84 billion.
(Reporting by Swetha Gopinath and Arathy S Nair in Bengaluru; Editing by Savio D'Souza)
Copyright 2016 Thomson Reuters. Click for Restrictions.
WHAT DO YOU THINK?
Click on the button below to add a comment.
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.
Most Popular Articles
From the Career Center
Jobs that may interest you