Halliburton’s chief executive says the company’s strategy is “working well” after a relatively healthy financial start to the year.
Halliburton’s chief executive has praised “swift and decisive cost actions” after the firm delivered “strong margins and cash flow” at the back end of last year.
The chief executive of Halliburton has said “strong results” show it is “effectively executing on its strategic priorities” after the firm cut 15,000 jobs since the start of the year.
The coronavirus pandemic stung oilfield service company Halliburton with a $1.7 billion (£1.3bn) loss in the second quarter.
Oilfield services giant Halliburton fell to a $1billion (£804.5m) net loss in the first quarter of the year, warning it “expects a further decline in revenue and profitability” as 2020 goes on.
Oilfield services giant Halliburton will “significantly reduce” its workforce in the coming weeks, according to chief executive Jeff Miller.
Pre-tax earnings at Halliburton were nearly halved in the first nine months of 2019 amid asset impairments and write-downs of its Venezuelan investments.
Oilfield service giant Halliburton's new incoming chief executive claims North America is the firm's "growth story today".
Halliburton has confirmed Jeff Miller will replace Dave Lesar as the company's chief executive.
Energy service giant Halliburton today announced hefty losses and a large slump in revenue during 2015 as the woes of the oil and gas industry continued to wreak havoc on company balance sheets.