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Oilfield services provider Halliburton reported a 24% increase in quarterly revenue

Revenue rose 24 % in the 3 months ended June 30 from a year ago.

Oilfield services provider Halliburton reported a 24% increase in quarterly revenue


Houston, July 24 - Neftegaz.RU. Revenue at Halliburton rose 24% in the 3 months ended June 30 from a year ago to $6.15 billion.

The company reported net income at $511 million in the Q2, up from $28 million in the same period last year. Revenue climbed from nearly $5 billion to $6.1 billion, an increase due in part to higher pressure pumping, drilling and artificial lift activity in the U.S.

Jeff Miller, Halliburton´s CEO, said that the company’s overall strategy was «working well and we plan to stay the course. Halliburton is better positioned for the international recovery than it has ever been and we are ready to make the most of it».

Halliburton’s North America sales rose to $3.8 billion, up from about $2.8 billion during the same period last year. Projects in the Middle East and Mexico pushed international revenue to $2.3 billion.

The company reported $4.2 billion in completion and production sales, up from $3.1 billion during the same period last year. Drilling and evaluation revenue climbed slightly to $2 billion, up from $1.8 billion the prior year.


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