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Halliburton Revenues Jump 16% from Q1 as Key Customers Ramp Up Drilling / Spending
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Halliburton has reported its Q2 2017 results.
- Halliburton posted profits this quarter (income from continuing operations of $28 million for Q2)
Breakdown of Spending Increases by Halliburton CustomersThe increase in revenues for Halliburton are directly tied to the increased activity of E&Ps.
Here are Halliburton's key customers and their spending increases YOY:
Dave Lesar, Executive Chairman, touted: "revenue growth of 24% outpaced the average sequential U.S. land rig count growth of 21%."
- Total company revenue this quarter was $5.0 billion (a 16% increase compared to Q1 2017) - this was fueled by the Completion and Production unit, which increased revenues over 20% from Q1
North America - Q2 2017 revenue was $2.8 billion, a 24% increase sequentially (driven primarily by…
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