Halliburton Wrote Down Entire Venezuelan Investment

Halliburton wrote down all of its remaining investment in Venezuela during Q1 as a result of “recent changes in the foreign currency exchange system in Venezuela and continued devaluation of the local currency, combined with U.S. sanctions and ongoing political and economic challenges,” according to Halliburton.

But it's still maintaining its presence there, and is carefully managing its exposure.

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Well, you never know how things will turn out eventually. I hear they're holding elections again next month.

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:D

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