NEW YORK (AP) - Halliburton Co. says its second-quarter profit soared 83 percent as natural gas drilling activity picked up in the U.S.
Halliburton is the first of several companies connected to the BP oil spill to report second-quarter financial results. The company, which was hired by BP to seal the Macondo well before it blew up, has seen its stock tumble 17 percent since the April 20 explosion.
The Houston oil and gas service company reported Monday it earned $480 million, or 53 cents per share, for the April-June period. That compares with $262 million, or 29 cents per share, a year ago.
It says revenue jumped 26 percent to $4.39 billion.
Analysts had expected earnings of 37 cents per share on revenue of $4.09 billion.
To comment, the following rules must be followed:
Comments may be monitored for inappropriate content, but the station is under no legal obligation to do so.
If you believe a comment violates the above rules, please use the Flagging Tool to alert a Moderator.
Flagging does not guarantee removal.
Multiple violations may result in account suspension.
Decisions to suspend or unsuspend accounts are made by Station Moderators.
Questions may be sent to email@example.com. Please provide detailed information.
Viewers with disabilities can get assistance accessing this station's FCC Public Inspection File by contacting the station with the information listed below. Questions or concerns relating to the accessibility of the FCC's online public file system should be directed to the FCC at 888-225-5322, 888-835-5322 (TTY), or firstname.lastname@example.org.