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
- Expert on airlines predicts Jackson-Evers will keep remaining carriers
- IKE TROTTER: There are primary changes in Social Security for 2014
- MAN OF STEEL: Madhu Ranade leading Severstal Columbus
- C Spire launches next phase of 1-gig service rollout
- Alcorn's finances being investigated; CFO resigns
- State granted delay in implementing teacher evaluations
- Keeping our eye on... Liz Lancaster
- Officials hand mayor projects list totaling $57.7M
- Board continues to negotiate with propsective hospital buyers
- NEW ORLEANS SAINTS MOVING — Mississippi company has the task of moving the football team