Halliburton revenue drops more than expected as shale demand slows

Halliburton Co reported a bigger-than-expected 10% drop in quarterly revenue on Monday, as the oilfield services provider battled lower demand from shale oil producers in North America, its biggest market.

Revenue from North America, which accounts for more than half of the company’s total, fell 21% in the third quarter, primarily due to lower pressure pumping activity and pricing.

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