Oilfield services company Halliburton said Wednesday it turned a profit after a downturn in the industry characterized by its CEO as devastating. Halliburton said its cash flow topped $1 billion. In total, profit attributable to the company was $6 million, compared with a loss last year of $54 million. Total revenue, however, dropped more than 30 percent. All told, Chairman and CEO Dave Lesar said results for the third quarter were a resounding success. “I am pleased with our third quarter results given the devastation our industry has faced over the last two years,” he said in a statement . “While the recent cycle has provided its fair share of challenges, we out-executed even […]

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