Halliburton First Quarter Profit Rises to 461 Million
Halliburton profit rose to 461 million dollars as Latin American demand offset Middle East war impacts. Producers remain cautious despite high oil prices.
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HALLIBURTON CO reported that its first-quarter profit more than doubled, supported by steady demand in Latin American and European markets. These gains helped the company offset a decline in activity within the Middle East resulting from regional instability. For the period ending March 31, the firm posted a net income of $461 million, or 55 cents per share, compared to $204 million, or 24 cents per share, in the previous year.
