So, so proud of geoff and how he has turned this company around and in such a short span of time. Looking forward to so many, so, so many good things to come in the upcoming future. Excited, so, so excited for all involved. You have all done so very, very well. May your future be oh so very, very bright. So, so happy.
3 replies (most recent on top)
Halliburton said margins in its biggest market by sales grew "into double digits" in the quarter and CEO Jeff Miller expected margins from the region to improve.
The commentary on margins is crucial as Wall Street was already expecting oilfield services companies to beat last year's weak results.
Last week, bigger rival Schlumberger Ltd also reported strong quarterly results and said it would redeploy all of its pressure pumping fleet by early next quarter.
U.S. oil producers added 94 rigs in the three months to June 30 as shale companies have been able to profitably pump oil even as crude prices hover below $50.
Halliburton swung to a quarterly profit and handily beat analysts' expectations on higher demand in North America.
The company's revenue from North America surged 83 percent to $2.77 billion in the second quarter.
The world's No. 3 oilfield services provider's shares rose 2.5 percent in premarket trading.