Halliburton Company (HAL): Halliburton's quarter is more interestin...

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Timothy Smith

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Wednesday, 07/25/2012 1:48:54 AM

Wednesday, July 25, 2012 1:48:54 AM

Halliburton's quarter is more interesting when broken down by division. Completion and production saw a revenue gain, while operating income fell.

Completion and production in North America had pricing difficulties, but did see increased activity in the Gulf of Mexico and on liquids rich basins on land in the U.S. Completion and production internationally was quite good. Mexico, Argentina, and Venezuela all saw increased activity.

It had a very good quarter in Europe and Africa with a revenue increase of 21% and operating income of 67%. The Middle East and Asia did well. Both Saudi Arabia and Australia saw increased sales across all product lines with respect to completion and production.

"My well came in big, so big, Bick and there's more down there and there's bigger wells. I'm rich, Bick. I'm a rich 'un. I'm a rich boy." - Jett Rink