Halliburton announce Q4 2016 results

HalliburtonNorthHoustonHalliburton have announced its fourth quarter 2016 results. (Image source: WhisperToMe/Commons)Halliburton's revenue in Middle East/Asia was US$1.1bn, a 10 per cent increase sequentially, with an operating income of US$203mn, a 32 per cent increase sequentially

Halliburton announced on 23 January a loss from continuing operations of US$147mn, or $0.17 per diluted share, for the fourth quarter of 2016. The adjusted income for the company was US$35mn. This was up from US$6mn in Q3. This results in a total revenue for Halliburton in the fourth quarter of 2016 of US$4bn, a five per cent increase from the US$3.8bn in the third quarter of 2016. 

Regionally, the Middle East/Asia revenue in the fourth quarter of 2016 was US$1.1bn, a 10 per cent increase sequentially, with operating income of US$203mn, a 32 per cent increase sequentially. These increases were driven primarily by increased completion tools sales and project management services across the region.

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