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Halliburton Posts 1Q Profit

Halliburton Co, the world's No. 2 oilfield services company, reported better-than-expected quarterly results, helped by robust drilling activity in Russia, Saudi Arabia and Angola.Halliburton, traditionally dominant in the United States, has been making a big push into international markets to combat weakness in North America.Drilling activity in North America has fallen due to weak natural gas prices that have intensified competition among oilfield services providers for a smaller number of contracts.Revenue and operating income increased 13 percent in the Middle East and Asia region in the first quarter ended March 31.Revenue in Europe, Africa and the Commonwealth of Independent States (CIS) rose 9 percent, while operating income jumped 21 percent.Halliburton shares were up 1.6 percent at $61.90 in trading before the bell. Up to Thursday's close, the stock gained 20 percent this year.The company said operations in North America were hurt by lower prices for pressure pumping services,...

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  2. Schlumberger, Baker top estimates with global drilling

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  3. Baker Hughes Shares Rally 8% Folllowing Earnings

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  4. Baker Hughes 3Q earnings report

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  5. Schlumberger’s 3Q earnings report

    Earnings HQ: FBN’s Diane Macedo breaks down Schlumberger’s third-quarter earnings report.

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  8. DOJ probes fracking market over antitrust -Baker Hughes

    The Department of Justice is examining potential antitrust issues in the market for pressure pumping services, which are used in hydraulic fracturing, according to B...

  9. Analysis: Forget rigs, it's wells that count now in oil services

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  10. Schlumberger soars on global drilling boom, Baker hit at home

    A three-decade high for drilling activity outside North America lifted Schlumberger Ltd to its seventh straight estimate-topping quarterly profit, while U.S.-focused...

  11. Asia Stocks Rally

    Diane Macedo reports that Asia stocks are on the upswing after encouraging news from Japan.

  12. Accenture Reports Lower Than Expected 3Q Revenue

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  1. Schlumberger Hurt By Reduced Drilling

    Schlumberger Ltd, the world's largest oilfield services company, reported a profit that beat analysts' estimates for the tenth straight quarter, but revenue fell sho...

  2. Why the big thaw is mixed news for energy players

    For many long ­suffering inhabitants of the northern half of the United States the arrival of March brings with it a much- anticipated spring. Despite the visual hin...

  3. Nat Gas Futures Hit '08 Levels on Cold Forecasts

    U.S. natural gas futures for March climbed more than 5 percent early Monday to their highest level since December 2008 on forecasts for continued cold before paring ...

  4. Halliburton Pumps Up Fourth-Quarter Beat

    Halliburton's (NYSE:HAL) fourth-quarter earnings jumped 19%, as the oilfield services firm continued to see strong revenue growth overseas.The company reported net i...

  5. Baker Hughes 4Q earnings

    Earnings HQ: FBN’s Diane Macedo breaks down Baker Hughes ’ fourth-quarter earnings report.

  6. Baker Hughes Sees 4Q Impact from Iraq Violence

    Baker Hughes (NYSE:BHI) provided a dampened fourth-quarter outlook in the wake of a protest in Iraq, saying its profit will likely see an $80 million hit.The oil-fie...

  7. Barclays: Oil, Gas Firms to Spend 6% More in '14

    Oil and gas companies will spend about $723 billion on exploration and production (E&P) in 2014, an increase of 6.1 percent from 2013, Barclays Bank said in a report...

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