Halliburton 4Q & 2016 Update – Net Loss of $153M in 2016

Last week Schlumberger, the world’s largest oilfield services (OFS) company, reported their numbers for fourth quarter and full year 2016. As we highlighted, the company experienced a net loss last year (see Schlumberger 4Q16 & Full Year 2016 Results – Swings to Net Loss). Yesterday Halliburton, the world’s second largest OFS company, reported their numbers for last year. Like Schlumberger, Halliburton also had a net loss–of $153 million. And like Schlumberger, Halliburton said in 2017 prices for drillers are going up. Halliburton is a global company. Various regions were profitable or unprofitable. North America was unprofitable in 2016. Let’s dig into the details…

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