Halliburton Upbeat About Upstream Spending

摘要

The global recovery of oil-field services operating margins is proceeding slowly, but services giant Halliburton is optimistic improvements will come in 2011 as exploration and production firms increase their spending in response to robust oil prices. "We are on the verge of a major upside cycle in spending by our customers," Halliburton Chief Executive Dave Lesar told investors and analysts during the company's fourth-quarter earnings call. He also noted the increase in inquiries the company has received from its customers.