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Halliburton Profit Climbs on Higher Revenue

Wall Street Journal US Business •
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Halliburton revenue rose 3.7% to $5.71 billion in the second quarter, driven by gains in its completion‑and‑production and drilling‑and‑evaluation units. The Houston oil‑services company logged a profit of $534 million, or 64 cents a share, versus $472 million, or 55 cents a share, in the same quarter a year earlier. Stripping out one‑time items, adjusted earnings were 55 cents a share, a penny above the consensus estimate of analysts polled by Fact Set.

Revenue exceeded analyst expectations of $5.5 billion, reflecting stronger performance in both its North American and overseas markets. The company’s earnings increase underscores the resilience of its core service lines amid a challenging industry environment.

Overall, Halliburton’s Q2 results demonstrate solid growth in key operational units and solidified its position as a leading oil‑services provider, with revenue and earnings surpassing market forecasts.