Now, we’ll look into some of the concerns that may affect Halliburton. The recent slump in oil prices started to affect the oil servicing industry.
The Drilling and Evaluation segment’s operating income increased 5.6% to $1.77 billion in 2013—from $1.67 billion the previous year.
Halliburton posted strong earnings growth in the past nine quarters. Between 3Q12 and 3Q14, Halliburton’s adjusted revenue increased 13.2%.
During 2013, Halliburton’s Drilling and Evaluation segment’s revenue increased 7% from 2012. The revenue increased to $11.89 billion.
The Completion and Production segment’s operating income declined 8.6% to $2.87 billion in 2013—from $3.14 billion recorded last year.
Halliburton’s Completion and Production segment offers production enhancement services and cementing services. It also offers completion products and services.
In 9M14, Halliburton’s Middle East and Asia segment accounted for the highest operating income growth of 21.6%—compared to 9M13.
From 9M13 to 9M14, Halliburton’s revenues from its North American operations increased by 13.9%. The operations outside of North America increased by 7.3%.
Halliburton (HAL) is a Texas-based energy company. It’s an oil and gas equipment and service provider. In the past year, Halliburton’s stock price went down ~22%.
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