Halliburton profit rises as strong crude prices boost drilling demand

2022.04.19 14:01

FILE PHOTO: Participants observe a presentation at Halliburton’s booth at the World Petroleum Congress in Houston, Texas, U.S. December 7, 2021. Picture taken December 7, 2021. REUTERS/Liz Hampton/File Photo

(Reuters) – Halliburton (NYSE:HAL) Co posted a rise in first-quarter adjusted profit on Tuesday as a rally in crude prices boosted demand for its oilfield services and equipment.

The Houston, Texas-based company’s adjusted net income was $314 million, or 35 cents per share, for the quarter to March 31, compared with $170 million, or 19 cents per share, a year ago.

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