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Halliburton reports 1Q loss on costs tied to oil price slump

2015-04-20 15:34:23| Oil & Gas - Topix.net

Halliburton reported a $643 million loss for its first quarter, as the oilfield services provider continued to adjust to slumping energy prices that have forced layoffs and other cutbacks at companies across the sector. The Houston-based company said Monday that it booked about $823 million in after-tax charges during the quarter tied to asset write-offs, severance costs and other items.

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