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Halliburton's Q3 Revenues Up 9% as Rig Counts Begin to Recover
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Halliburton reported results for the third quarter of 2016 of $0.01 per diluted share.
Geographic Regions North AmericaNorth America revenue in the third quarter of 2016 was $1.7 billion, a 9% increase sequentially, relative to a 14% increase in average U.S. rig count. Operating results improved by $58 million, or 47% sequentially, with a loss of $66 million. The improvement in North America operating results was driven primarily by increased utilization throughout the United States land sector, and effective cost management.
InternationalInternational revenue in the third quarter of 2016 was $2.2 billion, a 6% decrease sequentially, driven primarily by a decline in drilling activity and well completions, as well as continued pricing pressure. International third quarter operating…
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