Halliburton Profit Jumps about 41% on Strong Drilling Demand

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Halliburton Profit Jumps about 41% on Strong Drilling Demand

Reuters2022-07-19

Halliburton Co posted a near 41% rise in second-quarter adjusted profit compared to the first quarter on Tuesday, as a surge in crude prices drove demand for its oilfield services.

The Houston, Texas-based company's adjusted net income was $442 million, or 49 cents per share, for the quarter ended June 30, compared with $314 million, or 35 cents per share, in the previous quarter.

Halliburton shares jumped near 4% after posting financial results.

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