Halliburton Profit More Than Doubles

[cal04]

http://www.marketwatch.com/story/halliburton-profit-more-than-doubles-2011-04-18-73600

Halliburton Co.'s earnings soared as the oil-field services company reported that increased activity in North American unconventional oil fields more than offset impacts from political unrest in North Africa and delays in Iraq.

Shares were up 2.5% at $47.99 in premarket trading. The stock through Friday's close is up 48% in the past year.

Last year's industry rebound continues thanks to high oil prices and a surge in unconventional oil and natural-gas drilling in North America. However, in the latest quarter, harsh weather in North America and Australia, as well as political unrest in the Middle East and North Africa were expected to weigh on results.

"In North Africa, we expect that Libya will continue to be challenged while Egypt appears to be returning to prior activity levels," Chairman and Chief Executive David Lesar said. "In Iraq, our delayed integrated drilling projects are now scheduled to begin in the second or third quarter of this year. We remain very optimistic about this market and expect to be profitable in 2011."

[luckyleftyme2]

1. of course it was about oil

hmmm the infamous never ending conflict(war for oil) in Iraq which was championed by the former ceo of halliburton when he was setting vice president was never about anything but profit!
How many of the terrorist came from Iraq? How many came from Saudi Arabia! oh now ya gittin it!
how much of our countries debt has been caused by these idiots?
who is financing the tea party? and robbing us blind?
how much more longer are you going to stand for run away fuel prices before you break up this bunch?
my guess is no later than july!

[Lint Head]

2. At least our wars for oil are helping make America strong and our freedom is protected.