Halliburton Finds Gold In The Oil Business
Halliburton’s (HAL) numbers were good. Very good. The company, which provides products and services to big energy companies had an increase in operating income of 36% to $1.04 billion Revenue rose 8% to $6.02 billion. Net income was hurt by…
Halliburton’s (HAL) numbers were good. Very good. The company, which provides products and services to big energy companies had an increase in operating income of 36% to $1.04 billion Revenue rose 8% to $6.02 billion. Net income was hurt by an income tax provision.
Over the last two months, shares of Halliburton are off even more that big oil stocks like ConocoPhillops (COP) and Chevron (CVX).
But,oil prices may be down, but demand for Halliburton’s service aren’t following it.
Douglas A. McIntyre can be reached at [email protected]. He does not own securities in companies that he writes about.
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Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.
McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.
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A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.
TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.
McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.
