January 21, 2020 / 11:56 AM / 4 months ago

Halliburton takes $2.2 bln charge on fracking, swings to loss

Jan 21 (Reuters) - Halliburton Co swung to a loss in the fourth-quarter as it took a charge of $2.2 billion on its fracking business due to falling demand from oil and gas producers in North America, its largest market.

The company on Tuesday reported a net loss attributable to it of $1.7 billion, or $1.88 per share, compared with a profit of $664 million, or 76 cents per share, a year earlier. (Reporting by Shariq Khan in Bengaluru; Editing by Sriraj Kalluvila)

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