Fracker Halliburton Charts New Course – Away from the U.S.

Yesterday Halliburton was the first of the big three oilfield services companies (Baker Hughes and Schlumberger being the other two) to release second-quarter numbers. While on paper the company lost $1.7 billion due to an impairment charge, Halliburton actually made $456 million in free cash flow–after axing workers and cutting dividend payments. But the big news (for us) from yesterday’s 2Q update was a comment by Halliburton CEO Jeff Miller that the company will look to markets outside the U.S. to grow in the future.

Please Login to view this content. (Not a member? Join Today!)
You do not have permission to view the comments.

Please Login to post a comment