Halliburton Co. had swung to a net loss of $21 million in the third quarter, due largely to a nearly $700 million debt settlement. But the oilfield services provider said operating income topped $1 billion for the first time.The company's loss amounted to 2 cents per share in the July-September period, in contrast to a profit of $727 million, or 79 cents a share, a year ago.The year-ago results included a favorable income tax benefit of $133 million, or 15 cents a share.Oil companies hire service providers like Halliburton and Schlumberger for a variety of well-site jobs that can include seismic tests, directional drilling and reservoir management.
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