Services giants take huge impairment hit

Halliburton and Schlumberger post first-quarter losses as North American market takes a beating

Shale patch pain: idle trucks and oil production equipment are seen in a Halliburton yard in Williston, North Dakota in 2016 — Shale patch pain: idle trucks and oil production equipment are seen in a Halliburton yard in Williston, North Dakota in 2016Photo: REUTERS/SCANPIX

Eoin O'Cinneide

London

Schlumberger Halliburton Olivier Le Peuch Jeff Miller USA

Published 23 April 2020, 08:54Updated 23 April 2020, 08:54