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Halliburton posts higher profit in 3Q

Halliburton recorded an increase in profit and revenues.


 

Houston, October 23- Neftegaz.RU. U.S. oilfield services provider Halliburton recorded an increase in profit and revenues during the Q3 of 2018 compared to a year earlier.  

 

Halliburton reported an income from continuing operations of $435 million for the Q3 of 2018. This compares to income from continuing operations for the Q3 of 2017 of $365 million.

 

 Operating income was $716 million during the Q3 of 2018, compared to operating income of $642 million in the Q3 of 2017. The company’s revenues in the Q3 2018 rose to $6.2 billion from $5.4 billion in the corresponding period of 2017.

 

 Jeff Miller, CEO, said: «Our team optimized our performance in North America in the face of short-term challenges, and the recovery of our international operations continued.» 

 

 Miller concluded: «The outlook for global commodity supply and demand dynamics is constructive. I am confident that Halliburton has the right strategy, technology, and services to deliver industry-leading returns. We remain the leader in North America, which we believe is poised for a better 2019, and Halliburton is better positioned than it has ever been for the international recovery.» 

 

Source : Neftegaz.RU