“The U.S. shale industry is facing its biggest test since the 2015 downturn," Halliburton CEO Jeff Miller told analysts.
The company's Q4 report contained other bad news, including a $15.4 billion goodwill impairment charge and an earnings miss.
The struggling conglomerate took the biggest impairment charge in almost a decade, causing the SEC to widen its investigation of GE's accounting practices.
