Similar to its rival (Schlumberger), Halliburton’s Fourth Quarter and Full-Year 2019 Revenue were not in a good shape:
Revenue:
Q4 2019 Revenue: Halliburton Q4 2019 revenue was $5.191 Billion. That is around 12.5% lower than its Q4 2018 revenue of $5.936 Billion.
Halliburton Q4 2019 Revenue
2019 Full-Year Revenue: Full-year revenue for the second biggest oilfield services company came at $22.41 Billion. That is around 6.58% lower than 2018 revenue of $23.99 Billion.
Income:
Q4 2019 Income: Halliburton reported a net loss of $1.7 Billion in Q4 2019 results.
2019 Full-Year Income: Halliburton reported operating loss for 2019 was $448 million, compared to a reported operating income of $2.5 billion for 2018.
Key Takeaways:
As North America’s market continues to hold the biggest share in Halliburton and Schlumberger’s revenue, and with the current growth weakness in North America’s market, we expect to see Oilfield Services companies struggling in the second quarter as well.
The intensity of competition between the world biggest oilfield services companies will intensify in the international market as it is seen the only way to offset decline in revenue due to North America’s market.
Founder of the Oil Industry Insight., an Oil & Gas industry analytical and business intelligence platform offering insights and analyses, short-term and long-term oil market outlooks and oil prices forecasts. Oil and Gas industry professional recognized and featured on LinkedIn as an Oil & Gas Industry Expert with more than 350,000 followers.
Halliburton Q4 2019 Revenue