Halliburton swings to $1.7 billion loss in 4Q

Halliburton on Tuesday posted a net loss of $1.7 billion for the fourth quarter of 2019. This compares to net income for the third quarter of 2019 of $295 million and net income of $664 million in the fourth quarter of 2018.

Halliburton’s adjusted net income for the fourth quarter of 2019, excluding impairments and other charges, was $285 million.

Halliburton’s total revenue in the fourth quarter of 2019 was $5.2 billion, a decrease from revenue of $5.6 billion in 3Q of 2019, and a decrease from revenues of $5.9 billion in 4Q 2018.

Total revenue for the full year of 2019 was $22.4 billion, a decrease of $1.6 billion, or 7%, from 2018.

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