Halliburton Second-Quarter Earnings: Back in Black
This time last year was probably the lowest point for oil-services provider Halliburton (NYSE: HAL). Not only had drilling activity hit some of the lowest levels in decades, but the company also had to fork over $3.5 billion to Baker Hughes for the breakup fee for not completing their proposed merger.
Since then, though, things have slowly improved for the company. Shale drilling in the U.S. has caught its second wind after the oil-price crash, and Halliburton has been able to capitalize. Its momentum culminated this quarter in a per-share profit -- something we haven't seen in several quarters. Here's a review of the company's most recent results, as well as what we can expect from here.
Image source: Getty Images.
Source: Fool.com
Schlumberger Ltd. Stock
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