Service & Supply | Quarterly / Earnings Reports | Oilfield Services | Fourth Quarter (4Q) Update | Frac Markets - Pressure Pumping | Capital Markets | Capital Expenditure - 2017
Halliburton Bets on North America Growth in 2017; International Still Shaky
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Halliburton reported a loss of $149 million, or $0.17 per diluted share, for the fourth quarter of 2016.
Conference Call Highlights: Halliburton optimistic on North America growth Lesar commented: "Despite the positive sentiment surrounding the North American land market, it is important to remember that our world is still a tale of two cycles. The North America market appears to have rounded the corner, but the international downward cycle is still playing out." Low commodity prices have stressed budgets and have impacted economics across deepwater and mature field markets Lesar said: "We believe that the race to get deepwater project cost down versus the impact on commodity prices on increasing U.S. shale production will have to play out over the course of 2017. " 2017 Capex: Ou…- ✓ Full news archive — U.S., Canada & international coverage
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