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Monday, July 18, 2011

Halliburton Profit Rises 54% On North American Oil Spending

Halliburton Co., the world’s second- largest oilfield-services provider, said second-quarter profit increased 54 percent as higher crude prices led to more spending on exploration and production in North America.

Net income rose to $739 million, or 80 cents a share, from $480 million, or 53 cents, a year earlier, Houston-based Halliburton said in a statement today. Excluding employee- separation costs, the company earned 7 cents a share more than the average of 35 analysts’ estimates compiled by Bloomberg. Sales climbed 35 percent to $5.94 billion.

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4 comments:

  1. AnonymousJuly 18, 2011 at 12:10 PM

    Awesome proof how well capitalism works.

    ReplyDelete
  2. AnonymousJuly 18, 2011 at 12:22 PM

    I didn't know Dick Cheney was Obama's buddy.

    ReplyDelete
  3. AnonymousJuly 18, 2011 at 2:37 PM

    1210-The US has less than 10% of the worlds' population and uses 25% of the oil. See how the real world works?

    ReplyDelete
  4. AnonymousJuly 18, 2011 at 6:45 PM

    12:10
    You mean MONOPOLY CAPITALISM?

    You might even mean WAR PROFITEERING?

    ReplyDelete

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