Venezuela devaluation to cost Halliburton $30M

Published February 11, 2013 8:01pm ET



NEW YORK (AP) — Halliburton Co., the world’s second-largest oilfield services, said it will take a $30 million charge related to Venezuela devaluing its currency.

In a filing with the Securities and Exchange Commission on Monday, Halliburton, which is a major provider of the pressure-pumping technique known as hydraulic fracturing, or “fracking,” said it will take a foreign currency loss in the first quarter. The devaluation does not affect 2012 results.

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