7/19/2022, 12:48 PM (Source: TeleTrader)
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Halliburton's Q2 revenue rises 37% to $5.07B

Halliburton Company reported on Tuesday that its revenue for the second quarter of the year reached $5.07 billion, representing a 37% increase compared to the same quarter last year, the official report read.

Operating income fell 13.8% year-on-year and stood at $374 million. Halliburton's net income reached $109 million this quarter, with its diluted earnings per share standing at $0.12. ''Our strong second quarter performance demonstrates that our strategy is working well, and Halliburton’s strategic priorities are driving value,'' the company's CEO Jeff Miller said, noting that he expects the international markets to ''experience multiple years of growth,'' and adding that he is ''confident that Halliburton is positioned to benefit more from this multi-year upcycle than ever before.''

The oil service company's stocks increased by 1.21% in the premarket trade after the report was released.

Baha Breaking News (BBN) / MM