BAKU, Azerbaijan, July 24
By Leman Zeynalova – Trend:
Completion and Production revenue of the US-based Halliburton in the second quarter of 2021 was $2 billion, an increase of $178 million, or 10 percent, when compared to the first quarter of 2021, while operating income was $317 million, an increase of $65 million, or 26 percent, Trend reports with reference to the company.
These results were driven by increased activity across multiple product service lines in North America land, higher cementing activity in the Eastern Hemisphere and Latin America, increased completion tools sales in the Middle East, the North Sea, and Latin America, as well as higher well intervention services in Saudi Arabia and Algeria. Partially offsetting these improvements was lower stimulation activity in Latin America. Drilling and Evaluation Drilling and Evaluation revenue in the second quarter of 2021 was $1.7 billion, an increase of $78 million, or 5 percent, when compared to the first quarter of 2021, while operating income was $175 million, an increase of $4 million, or 2 percent. These results were due to improved drilling-related services and wireline activity across all regions, along with increased testing services in the Eastern Hemisphere. Partially offsetting these increases were reduced software sales globally.
Halliburton Company announced net income of $227 million, or $0.26 per diluted share, for the second quarter of 2021. This compares to net income for the first quarter of 2021 of $170 million, or $0.19 per diluted share. Halliburton's total revenue for the second quarter of 2021 was $3.7 billion, compared to revenue of $3.5 billion in the first quarter of 2021. Operating income was $434 million in the second quarter of 2021 compared to operating income of $370 million in the first quarter of 2021.
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