By: Trisha, Kyra, Kaylee, and Sydney
Halliburton Co. posted that they were going to have stronger-than-expected fourth-quarter earnings on Monday but said that lowere energy prices will mean diminished spending on production and exploration this year.
The company also said that it has agreed to pay $559,000,000 to settle corruption charges with the United States Government.
As a result of that potential settlement, Halliburton incurred a one-time charge of $303,ooo,ooo, or 34 cents a share, in the most recent quarter, contributing to a 32% reduction in year-over-year profit.
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