Halliburton (HAL) Announced Major Reduction in Activity from Customer in Mexico; Sees Impact to Q4 Earnings
More News related to HAL
- Oppenheimer Initiates Coverage on Several Oil Well Services and Equipment Stocks
- Don't Miss Out! 2010 IR Global Rankings Workshops & Awards Ceremonies
- Goldman Sachs Reiterated Conviction Buy List Rating on Halliburton (HAL)
- Invitation to the 2010 IR Global Rankings Workshop & Award Ceremonies
- 2010 IR Global Rankings Workshop & Award Ceremonies
Halliburton (NYSE: HAL) announced a major reduction in activity from its primary customer in Mexico, Petroleos Mexicanos (Pemex), for the fourth quarter of 2009.
Halliburton's work in the Burgos, Veracruz, and southern areas are being impacted by Pemex's decision to significantly reduce activity due to low natural gas prices and other constraints. The impact of these activity reductions is currently expected to be approximately $0.02 in earnings per share for the fourth quarter of 2009.
[SM]
Related Categories
Corporate NewsEarnings
Stocks Mentioned
-1.08Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
