U.S. oil field services companies Halliburton Co. and Schlumberger said they are suspending operations in Russia as the Houston, Texas-based businesses respond to U.S. sanctions over Russia's invasion of Ukraine.
Halliburton announced Friday that it suspended future business in the country as the company complies with sanctions that prohibit transactions and work, including for certain state-owned Russian customers. Halliburton said it will prioritize safety and reliability as it winds down its remaining operations in Russia.
