Halliburton Ekes Out Profit, North America Revenue Up

摘要

Halliburton's revenue from its North America business grew sequentially during the third quarter for the first time since the beginning of the oil price downturn, a trend that could continue as management anticipates service costs will increase next year. "I never thought I would be so satisfied by barely making a profit," Chief Executive Dave Lesar told analysts Wednesday. The Houston-based oil-field services giant reported a narrow profit for the July- September period, aided by its cost management and a rising rig count in North America, which has jumped by more than onethird since bottoming out in May, data from rival Baker Hughes show (OD Oct.17'16).