SLB and Halliburton See Strong International Oilfield Demand
- Companies meet or exceed earnings per share expectations
- Oilfield service firms are shifting into overseas markets
A Halliburton site in Louisiana, US.
Photographer: Luke Sharrett/BloombergThis article is for subscribers only.
SLB and Halliburton Co., two of the world’s biggest oilfield service providers, said they see strong international demand for crude drilling after posting earnings that met or beat forecasts, supporting their shift into overseas markets.
SLB posted second-quarter earnings of 85 cents a share, excluding certain items, it said Friday in a statement. The results topped analysts’ predictions. Halliburton reported earnings of 80 cents a share, matching expectations.