Service & Supply | Quarterly / Earnings Reports | Oilfield Services | Second Quarter (2Q) Update | Financial Results | Capital Markets
Service Giants Best 2Q Estimates; Dish on 2H Outlook
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As 2Qs for the Service & Supply sector roll in, analysts are encouraged by better than expected results from giants including Halliburton and Schlumberger.
See also: Baker Hughes, Schlumberger, Halliburton & Weatherford on 2015 Service Outlook
HalliburtonIn addition to detailing its 2Q results, the company also noted expectations for the second half of 2015, which includes a prediction of increased refrac activity.
Jeff Miller, President, said: "We are pleased with our second quarter results, considering the headwinds facing the industry.
"Total company revenue of $5.9 billion declined 16% sequentially, outperforming a 26% drop in the worldwide rig count."
Halliburton outperformed many analyst's expectations in 2Q:
Completion revenue is down 19% - decline in pressure pumping activity…- ✓ Full news archive — U.S., Canada & international coverage
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