Halliburton Profits Jump 83%
By wchung | 23 Mar, 2026
Halliburton Co. says its second-quarter profit soared 83 percent as natural gas drilling activity picked up in the U.S.
Halliburton is the first of several companies connected to the BP oil spill to report second-quarter financial results. The company, which was hired by BP to seal the Macondo well before it blew up, has seen its stock tumble 17 percent since the April 20 explosion.
The Houston oil and gas service company reported Monday it earned $480 million, or 53 cents per share, for the April-June period. That compares with $262 million, or 29 cents per share, a year ago.
It says revenue jumped 26 percent to $4.39 billion.
Analysts had expected earnings of 37 cents per share on revenue of $4.09 billion.
CHRIS KAHN, AP Energy Writer NEW YORK
Articles
- How Charles and Sara Liang Survived Scandals to Build a $20-Billion AI Giant
- SpaceX, Tesla to Build AI Chip Factories in Austin
- The Mensch Way for Don to Smooth Over His Iran Bad
- Elon Musk Offers to Pay TSA Salaries During Partial Shutdown
- Tencent Debuts ClawBot to Take on Agentic AI from Alibaba, Baidu
- China Pledges More Balanced Trade After Record $1.2 Trillion Surplus
- Airports Step up to Feed Unpaid TSA Workers
- Don Struggles for a Face-Saving Exit from a Self-Created Nightmare
- OpenAI to Double Workforce to 8,000 by End of 2026
- BTS Comeback Concert Shuts Down Central Seoul