Halliburton limping in weak oil market

April 20, 2015 1:53 PM

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Halliburton limping in weak oil market

Company expects grab of rival Baker Hughes to provide eventual lift.

Halliburton said total revenue for first quarter of 2015 was $7.1 billion, a 4 percent decline year-on-year. The company blamed the slowdown on a "challenging commodity price environment" and a significant decline in activity in the exploration and production sector of the energy industry.

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