Halliburton Almost Doubles Earnings

[deminks]

http://biz.yahoo.com/ap/060720/earns_halliburton.html?.v=1

HOUSTON (AP) -- Oil services conglomerate Halliburton Co. posted second-quarter net income nearly double that of a year ago mostly on strong demand for and higher prices charged by its energy services sector, the company announced late Thursday.

Net income was $591 million, or 55 cents per share, compared with $392 million, or 38 cents per share, in the second quarter of 2005. Results in the most recent quarter include $82 million in after-tax income from discontinued operations, or 7 cents per share, and a pretax gain of $123 million on the sale of the production services group of KBR, Halliburton's construction and engineering segment.

Revenue reached $5.54 billion, up 12 percent from $4.97 billion in the year-ago period.

The energy service segment's performance reflected increased rig activity, higher use of assets and higher prices, the company said.

[w4rma]

1. Again? (nt)

[C_U_L8R]

2. is that all?

geez .. you'd think they'd be raking it in

:sarcasm: :sarcasm: :sarcasm: :sarcasm:

[Democrats_win]

3. Empire does have its faustian benefits.

[indepat]

4. One wonders if all the billions of dollars funneled to Halliburton make it

to the reported revenue and income streams.

[Erika]

5. The Republican idea of wealth redistribution in play

Take the wealth from American taxpayers and give it to global corporations.

[Monkeyman]

6. As Cheney rubs his hands

[INdemo]

7. Sure makes Cheney's blind trust a lot brighter doesn't it........

[KeepItReal]

8. "Oil Services Conglomerate?" Why not just call them Sole-Source-No-Bid Co.

Last time I checked, the U.S. govt. didn't own any oil rigs.

[Gman]

9. I guess the asbestos suits brought on by Cheney's stupidity

are a non-issue now. Mission accomplished.

That's fucking obscene.

[tom22]

10. The news that doesn't fit!

I invite anyone to look up the 5 year stock chart for Halliburtan. It goes in a straight line from twelve to eighty from the fall of 2002. You might make a new documentary from John Ford called: "Why We Fight".

[onehandle]

11. I rent a car several times a year.

I was at an Avis location in a Marriott waiting for the counter person. There was one person in front of me with the Avis employee. He was cussing her out because the convertible Mustang he had reserved back home in Houston was not a color up to his standards. Eventually, he put up with having a black Mustang, instead of a red mustang and stormed away.

As he was finishing up, I noticed that the tag on his briefcase was a Halliburton business card.

That's my Halliburton story.

[colorado_ufo]

12. And that says a lot!

[onehandle]

14. This guy was an executive.

The field workers might be perfectly nice people who risk their necks driving things around Iraq or doing construction work wherever.

This guy was a suit, a "major asshole", and will never plant his soft butt anywhere at risk.

[OneBlueSky]

13. tax dollars paying for Cheney's wealth accumulation . . . lovely . . . n/t

.

[kimmerspixelated]

15. Grand Old Party

Grand Oil Party makes me sick with the obscene way they make money. My God, How do they sleep at nite? How much money do you really NEED!

[mvd]

16. The only question was..

will it be double or triple? Really. x(

[goforit]

17. Absolutely nauseating.

[VegasWolf]

18. Cheney will be farting caviar gases tonight! Fat asshole. nt