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
- Warden who lives hundreds of miles from jail resigns
- BankPlus recognized for alternative program to payday lending
- Jail kitchen supervisor pleads guilty to stealing food
- Analyst: KiOR Columbus plant may end up sold as scrap
- (UPDATE) Gov. Bryant: $1.2 billion aluminum plant is a very exciting proposition for the state of Mississippi
- Stricklin: Deer parasites don't affect quality of venison
- Top 10 finalists chosen for C Spire Conerly Trophy
- Prison-contract task force working in wake of Epps' indictment
- Bryant wants free tuition for students with technical diploma