Oil giant Halliburton has posted a better than anticipated quarterly profit which was boosted by revenue from regions including Latin America and Asia.
The company, which agreed to buy its smaller rival Baker Hughes last year, said some revenues had been affected in other regions by the oil price decline.
Chief executive Dave Lesar said some industry prospects would continue “to be challenged” within the next year.
Halliburton reported a loss of $643million after it posted a profit of $622million the year previously.
The company’s revenues fell 4% to $7.05billion.
Last month, the Halliburton and Baker Hughes merger was approved by shareholders.
The merger had been triggered by the decline in oil prices last year.
Halliburton investors voted in favour of issuing shares to allow the multi-billion transaction to go forward.
The company acquired Baker Hughes in a $35billion deal last year.
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