Oil field services firm Halliburton HAL-N reported a rise in quarterly profit on Friday, helped by stable demand from international customers for its drilling equipment and services.
Energy firms in global markets such as the Middle East have been looking to secure new oil and gas deposits, benefiting firms such as Halliburton, which provides services such as drilling and well completion.
Halliburton’s international revenue rose 3 per cent to $3.4-billion, backed by growth in Europe, Africa and Middle East, while North America revenue fel 3 per cent sequentially.
The Houston-based company reported net income of $709-million, or 80 cents per share, in the second quarter, compared with $610-million, or 68 cents per share, a year earlier.