Fox Business - The Power to Prosper
Search Site

Halliburton

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 short of expectations due to reduced drilling and pricing pressure in Latin America.Schlumberger's revenue from Latin America fell "mainly due to significantly lower activity and pricing in Brazil, coupled with reduced rig count in Mexico due to budgetary spend," the company said in a statement on Thursday.Revenue from the region declined 8 percent to $1.76 billion, the lowest in eight quarters. Latin America accounted for nearly 16 percent of Schlumberger's total sales in the first quarter ended March 31.The company gets almost 70 percent of its revenue from outside North America and is less exposed to the region than rivals Halliburton Co and Baker Hughes Inc.Baker Hughes, the world's third-largest oilfield services company, also posted a 10 percent drop in quarterly revenue from Latin America, but its profit widely beat est...

Read More

  1. Energy Stocks Lead Wall Street Lower

    FOX Business: Capitalism Lives HereThe S&P 500 pulled further from record highs Tuesday amid a selloff in energy shares sparked by sliding oil prices.Today's Markets...

  2. Poll: Half of millennials consider themselves independents

    Is the survey an accurate representation?

  3. Do the ObamaCare numbers actually matter?

    Whatevs! President makes clear ObamaCare numbers don't matter and gut check on Obama overreach. Plus - Showdown in Arizona over a controversial new bill

  4. Chesapeake Weighs Oilfield-Services Options

    Chesapeake Energy (NYSE:CHK) said Monday it is looking into strategic alternatives for its oilfield-services unit, as the natural gas company continues a restructuri...

  5. Direct seller on winning a Lexus

    J.Hilburn seller Susan Kantor on the strategies that have made her successful in a direct sales business.

  6. 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...

  7. Halliburton 4Q earnings

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

  8. Week Ahead: Tech Earnings and Housing Data

    Earnings and data related to housing and manufacturing highlight next week's economic calendar. Stock and bond markets are closed Monday for the Martin Luther King J...

  9. 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...

  10. Stossel 11/07/2013: Privatize Everything

    Stossel and guests compare the efficiency of privately and publicly run institutions

  11. U.S. justices to hear Halliburton securities class action

    The U.S. Supreme Court, which in recent years has ruled for business in a string of high-profile cases, agreed on Friday to hear a case that could herald a dramatic ...

  12. U.S. justices agree to hear Halliburton securities class action

    The U.S. Supreme Court on Friday agreed to revisit a securities class action case against Halliburton that could have major implications for the future of such lawsu...

  1. Sharyl Attkisson on leaving CBS

    Award-winning correspondent opens up

  2. Should people with no children pay more taxes?

    Baker Wright Group’s Crystal Wright on a Slate columnist that says childless taxpayers should help give America’s children a better start in life.

  3. Tips for refining your portfolio

    Fairfax Global Market CEO Paul Dietrich and Adelphi University professor Michael Driscoll on trading oil and refiner stocks.

  4. How investors can profit from U.S. energy infrastructure spending

    InvestorPlace.com Contributor Aaron Levitt on how investors can gain from expansion of the U.S. energy infrastructure.

  5. Phil Jackson back in New York as Knicks president

    Author Deirdre Imus and FNC’s Lis Wiehl on Phil Jackson, Sheryl Sandberg’s ‘Ban Bossy’ campaign, and Beyonce.

  6. How can investors gain from growth in China?

    Janney Montgomery Scott chief investment strategist Mark Luschini on the outlook for China’s economy and its impact on investors.

  7. Tesla Slips After NJ Boots Automaker and Other #Stocks2Watch

    Tesla (NASDAQ:TSLA)Tesla (NASDAQ:TSLA) shares are slumping more than 1% after New Jersey said it wouldn't license the automaker to sell its high-tech vehicles direct...

‹ Prev12345Next ›
Freebase CC-BY
Source: Halliburton on Freebase, licensed under CC-BY
Other content from Wikipedia, licensed under the GFDL