fourth-quarter adjusted profit doubled from a year earlier, it said on Monday, beating analysts’ forecasts and prompting the oilfield services company to lift its dividend following a rebound in crude and natural gas prices.
That has encouraged producers to ramp up drilling activity, with the U.S. rig count rising 68% year-over-year to 586 at the end of the fourth quarter, according to Baker Hughes“I expect the macro industry environment to remain supportive and the international and North America markets to continue their simultaneous growth,” Halliburton Chief Executive Jeff Miller said in a statement.
Wall Street analysts said the results were positive, with the exception of margins in its completions and production unit, which missed estimates.
oh good for them, this will surely benefit normal people like you and me
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