Halliburton Profit Rises (19% Over Quarter)

[Hissyspit]

Source: Reuters

Halliburton profit rises, tops Street view
Mon Jul 23, 2007 8:32AM EDT

HOUSTON (Reuters) - Halliburton Co., (HAL.N: Quote, Profile, Research), the world's second-largest oil services company, said on Monday that second-quarter profit from continuing operations rose 19 percent, topping Wall Street views, helped by new international contracts.

Investors pushed shares of Halliburton up about 3.5 percent to $37.88 in pre-market trading.

Earnings from continuing operations climbed to $595 million, or 63 cents a diluted share, from $498 million, or 47 cents a share, a year earlier.

Also included in second-quarter 2007 operating income was an after-tax gain of 3 cents a diluted share from the sale of an investment, Halliburton said. Excluding one-time items, analysts on average had expected the company, which was once headed by Vice President Dick Cheney, to report a profit of 56 cents a share, according to Reuters Estimates.

Read more: http://www.reuters.com/article/businessNews/idUSWEN952820070723?feedType=RSS

[Yael]

1. Blood money

Sleep well gents. Don't let your conscience bother you at all about this. :hi:

[Doctor_J]

2. Your grandchildrens tax dollars at work

Tony Soprano had nothing on Cheney

[stubtoe]

3. This is obscene.

War profiteering and commodity exploitation. Brought to you by the administration in charge.

[SpiralHawk]

4. "Sneer, smirk, sneer" - Dickie "Five Military Deferments" Cheney

[onehandle]

5. Whichever Democrat is elected in 2008 better...

CUT HALLIBURTON OFF!

[DrDan]

6. I wonder what military action in Iran would do to those profits

guarantee them for many many years, that's for sure

[Jack Rabbit]

7. I, a taxpayer, want my money back

/s/


My mark placed here with assistance from
the University of Kansas

[rucky]

8. I bet Cheney can't wait to get impeached!

all those deferred stock options waiting for him, while he does the "ethical" thing as VP.

[cyberpj]

9. Charts of Halliburton Increases from Mar 2003 through Mar 2006 - and it's risen ever since...

[cosmicdot]

14. wondering if the word 'surge' came out Board room chit chat? n/t

[sarcasmo]

10. Why doesn't this surprise me. I would have thought even higher than 19%.

I wonder how many shares tricky Dick still owns of Halliburton. 56x50,000 is a pretty good amount of coin. $28,000 to be exact. The 50,000 shares is a guess he probably owns more than that number.

[donkeyotay]

11. So what happens to all the cronies and contractors if peace breaks out?

If we don't expand the WOT, what happens to all that defense bidness...or do all their lobbyists make it a done deal?

[Doctor_J]

12. Snark. Don't lose too much sleep over that

If peace breaks out, you won't be hearing from since I'll either be

1. Banging Diane Lane all day, or
2. Out on my back porch watching the pigs fly over

[Megahurtz]

13. EVIL Blood Money!!!

[Bryan Buchan]

15. Halliburton's 2Q Profits Double

Source: WIBW Kansas

HOUSTON - Halliburton Co. said Monday second-quarter net income more than doubled to $1.5 billion, lifted largely by a $933 million gain from the separation of its former subsidiary, KBR Inc.

Last week, Halliburton's larger competitor, Schlumberger Ltd., said its second-quarter profit jumped 47 percent because of an active world market for oil and gas, despite weakness in Canada.

Halliburton, once led by Vice President Dick Cheney, split from KBR, the military contractor and engineering company, in April. Halliburton has said the separation allows it to focus solely on providing expertise, services and equipment to companies working in the global oilfield.

Halliburton chairman and chief executive Dave Lesar said revenue rose 14 percent in the Eastern Hemisphere in the quarter, and income margins rose to nearly 22 percent.

The company announced in March it would split its corporate headquarters between Houston and Dubai, where Lesar will work, placing him nearer to important markets in the Middle East and Asia.

"Our commitment to invest in high-growth Eastern Hemisphere markets is evident in our results," Lesar said in a statement.

Read more: http://www.wibw.com/home/headlines/8660992.html

---

Democrats please stand up!

[acmavm]

16. You notice it's the clowns from the company Halliburton shed

like a snake skin that are all going up on charges of fraud.

How is Halliburton getting away with it??????

[Blaze Diem]

19. Cheney still runs Halliburton ..from the Whitehouse

& uses his VP powers for corporate profits..rewriting US Law in his favor, funding his business with taxpayer money, & protecting his corporation with the US military...Cheney & pals hijacked the US Government....America is now just another part of Halliburton.

my opinion anyway..

[Yael]

17. Graft and corruption at its finest.

:grr:

[SpiralHawk]

18. "Now that's what I call a surge." - Dickie 'Five Military Deferments' Cheney

No way was I ever going to serve America in the Armed Forces, but I am delighted to serve myself a heaping helping of War Profits. Sneer, smirk, sneer. Oh yeah, too bad about YOUR sons and daughters in uniform. Thanks to their sacrifice, me and my republicon cronies are raking in the cash Big Time. Smirk, sneer, smirk."

- Dickie 'Five Military Deferments' Cheney

[raouldukelives]

20. I'm sure alll the "christian" stockholders

Are just tickled pink.

[Acadia Blue]

21. So why did we really invade Iraq?

[Uncle Joe]

22. Thanks for the thread Bryan Buchan

Kicked and recommended.