Halliburton posted a $152 million profit and earnings per share of 17 cents on $5.7 billion of revenue during the first quarter, the company reported early Monday morning.
The company’s first quarter earnings fell in line with
First quarter figures also marked a dramatic improvement over the $46 million profit and earnings per share of 5 cents on $5.7 billion of revenue during the first quarter of 2018.
With 58 percent of its revenue coming from onshore activities in
Crude oil prices fell dramatically during the fourth quarter of 2018 sending demand and prices for hydraulic fracturing services falling through most of the first quarter.
“As expected, the first quarter activity levels in
Founded in 1919 and headquartered in
(c)2019 the Houston Chronicle
Visit the Houston Chronicle at www.chron.com
Distributed by Tribune Content Agency, LLC.