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Article Summary
- The article discusses how weaker US fracking activity has negatively impacted Halliburton's earnings
- Halliburton's earnings fell below estimates due to decreased demand for fracking services
- The company reported a quarterly loss of $1.7 billion
- Halliburton has been forced to cut costs and lay off employees in response to the downturn in the fracking industry
- The author of the article is Irina Slav Tone: The tone of the article is informative and slightly negative as it highlights the struggles Halliburton is facing due to weaker US fracking activity.
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Weaker U.S. Fracking Drags Halliburton Earnings Below Estimates
Halliburton Company (NYSE: HAL) missed analyst estimates for its third-quarter earnings as weaker North American revenues combined with the impact of an August cyberattack and hurricanes in the U.S. Gulf of Mexico dragged profits down. Halliburton, one of the worlds top three oilfield services providers and leader in the U.S. fracking services market, reported on Thursday adjusted net income pe...
https://oilprice.com/Latest-Energy-News/World-News...
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