Halliburton reports hefty second-quarter profits
NEW YORK — Halliburton Co. says its second-quarter profit soared 83 percent as natural gas drilling activity picked up in the U.S.
Halliburton is the first of several companies connected to the BP oil spill to report second-quarter financial results. The company, which was hired by BP to seal the Macondo well before it blew up, has seen its stock tumble 17 percent since the April 20 explosion.
The Houston oil and gas service company reported today it earned $480 million, or 53 cents per share, for the April-June period. That compares with $262 million, or 29 cents per share, a year ago.
It says revenue jumped 26 percent to $4.39 billion.
Analysts had expected earnings of 37 cents per share on revenue of $4.09 billion.
To sign up for Mississippi Business Daily Updates, click here.
Top Posts & Pages
- Barbour to lead Butler Snow economic development firm
- (UPDATE) Prison won’t interrupt ex-prison chief’s retirement cash flow
- Kemper plant employee gag order continued
- Delta State conference brings renowned speakers
- (UPDATE) Judge rules on Google request on attorney general inquiry
- Ex-prison boss and businessman admit to bribery scheme
- MARTIN WILLOUGHBY — Doug Dale’s self-awareness helps lift him to top of his game
- Analysis: Lawmakers squabble over election-year tax cuts
- The leadership styles of President Obama