Halliburton Hurt By 'Unprecedented' Decline In Drilling Activity

April 20, 2015 9:12 PM

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Halliburton Halliburton reported better-than-expected first quarter earnings on Monday, but still swung to a loss and said the slump in oil prices will continue to be a headwind and it’s unsure for how long.

The Houston, Texas-based company also called the quarterly decline in North American drilling activity “unprecedented,” saying it drove pressure to cut costs and has squeezed its margins.

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