Halliburton reported a sharp increase in third-quarter profit, posting earnings of $417 million, or 50 cents a share, compared with $18 million, or 2 cents a share, a year earlier. The Houston-based oil-services company benefited from climbing revenue and improved market conditions for energy services. The strong performance reflects ongoing recovery in drilling activity and higher demand for Halliburton’s equipment and services.
The company noted that its North American operations showed particular strength, supported by increased upstream spending. Halliburton also highlighted cost-control measures and operational efficiency gains that contributed to the profit surge. Analysts had been watching closely for signs of a sustained rebound in oilfield services following years of volatility.
The results mark one of the strongest quarterly performances for Halliburton in recent years, reinforcing confidence in the sector’s near-term outlook.
উৎস: Wall Street Journal US Business · সারাংশ: HeadlinesBriefing