Halliburton Slashes Capex as Revenues Continue to Fall

SUGAR LAND--January 26, 2016--Researched by Industrial Info Resources (Sugar Land, Texas)--Halliburton Company (NYSE:HAL) (Houston, Texas) swung to a $28 million net loss in fourth-quarter 2015 from a net profit of $901 million a year earlier as low oil prices continued to take their toll, the global oilfield services provider reported. Revenue for the just-ended quarter totaled $5.08 billion, a 42% plunge from $8.77 billion in the same quarter of 2014. Industrial Info is tracking industrial projects worth $5.63 billion that involve Halliburton. Within this article: Halliburton's planned capital expenditures for 2016. Additional companies: Baker Hughes Incorporated (NYSE:BHI) (Houston)