Halliburton Slashes Capital Spending, Many Jobs as Global Pricing Weakness Pervades in Third-Quarter 2015

SUGAR LAND--October 20, 2015--Researched by Industrial Info Resources (Sugar Land, Texas)--Few industry observers will be surprised to learn that weak commodity prices continue to put Halliburton Company's (NYSE:HAL) (Houston, Texas) numbers in the red, as a decline in North American drilling, logging and completion services led a global reduction in activity. The company eliminated 4,000 jobs worldwide during the quarter, including 2,000 in the past month. Industrial Info is tracking $5.63 billion in projects involving Halliburton.

Within this article: Details on Halliburton's quarter and projects, including the expansion of a crude oil production field in Iraq, and its pending acquisition of Baker Hughes Incorporated (NYSE:BHI).

Other companies featured: Eni SpA (NYSE:E), Statoil ASA (NYSE:STO)