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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