Did you catch this little tidbit yesterday? "Halliburton reports profits doubled" $1.5 BILLION

[in_cog_ni_to]

July 23, 2007, 9:04PM
Halliburton reports profits doubled

JOHN PORRETTO
Associated Press


Halliburton Co. said today 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.

The result for the April-June period, which amounted to $1.62 per share, compared with income of $591 million, or 55 cents a share, in the year-ago period.

Revenue in the quarter rose 20 percent to $3.7 billion from $3.1 billion a year ago. The oilfield services conglomerate said sales rose worldwide, particularly in the Eastern Hemisphere.

Excluding the gain from the KBR split, Halliburton said income from continuing operations in the quarter was $595 million, or 63 cents a share, up from $498 million, or 47 cents a share, in the second quarter of 2006.

Wall Street analysts polled by Thomson Financial had forecast earnings of 56 cents a share on revenue of $3.5 billion. The Thomson forecast typically excludes one-time items.

Last week, Halliburton's larger competitor, Schlumberger, 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.<snip>

http://www.chron.com/disp/story.mpl/headline/biz/4990132.html

[MikeNearMcChord]

1. I wonder what is the statutes for war crimes

committed by a corporation? I would love to see the survivors of those who died in this war sue the sh** out this vile corporation.

[partylessinOhio]

2. "global" troublemakers!

The neocons will take us into endless wars so Halliburton can provide expertise, 'services' and equipment to Iraq and other countries where they are not wanted.

:thumbsdown:

[youngdem]

3. Sounds really low. There must be massive embezzlement

:shrug: