Halliburton sees drilling demand lasting “multiple years” despite lower earnings in Q2

Oilfield services provider Halliburton on Tuesday said it remains confident of years of increased drilling activity globally despite recording lower earnings in the second quarter of 2022. The company’s net income fell to US$102 million from US$263 million mainly due to the pre-tax charge from exiting Russia. Its total revenue for Q2 was US$5.1 billion compared to US$4.3 billion … Continue reading Halliburton sees drilling demand lasting “multiple years” despite lower earnings in Q2