Featured Stories World News Commentary Money Watch Multimedia Prison Planet U.S. News Science And Technology

Halliburton profit jumps on strong U.S. demand

  • Print The Alex Jones Channel Alex Jones Show podcast Prison Planet TV Infowars.com Twitter Alex Jones' Facebook Infowars store

July 18, 2011

Halliburton Co , the world’s second-largest oilfield services company, reported a forecast-topping 54 percent jump in quarterly profit on Monday as a U.S. drilling boom showed no signs of cooling off.

High oil prices have prompted energy producers to plunge billions of dollars into developing fields such as Texas’ Eagle Ford shale, a move that allowed Halliburton to push through price increases in the quarter.

Halliburton is the leader in the North American market in pressure pumping technology that enables oil and gas producers tap in the shale fields, and its second quarter results show it benefited from that market position.

“It was both top and bottom lines, and a significant component was pricing,” said Roger Read, analyst with Morgan Keegan & Co.

Full article here

Japan set to ban Fukushima cattle shipments after radioactive meat scare  150709banner2

Stock up with Fresh Food that lasts with eFoodsDirect (AD)

This article was posted: Monday, July 18, 2011 at 7:32 am

Infowars.com Videos:

Comment on this article

Comments are closed.

Watch the News

Eminem is a Complete Idiot See the rest on the Alex Jones YouTube channel.

Actor Fired For Being a Conservative See the rest on the Alex Jones YouTube channel.

https://www.youtube.com/embed/3jFJTZkMc40 https://www.youtube.com/embed/FtUOoho8BEA

© 2017 PrisonPlanet.com is a Free Speech Systems, LLC company. All rights reserved. Digital Millennium Copyright Act Notice.