Numbers compare with EPS of $0.80 and revs of $7.23 billion in the same period last year.
Looking at our product lines, Baroid, Cementing, Completion Tools, Multi-Chem, and Testing set quarterly revenue records, while Baroid, Testing, and Artificial Lift all set quarterly operating income records,commented CEO and chairman Dave Lesar.
Eastern Hemisphere operations grew revenue 11 percent sequentially, resulting from record revenues in both of our regions, and operating income was up 23 percent. Middle East / Asia, our fastest growing market, improved revenue 12% and operating income 17 percent sequentially. This across the board growth was led by higher stimulation, wireline, and fluids activity in Malaysia, and improved sales in China. In Europe/Africa/CIS, revenue and operating income increased 9 percent and 33 percent, respectively, compared to the first quarter. This growth was led by seasonal recovery of activity levels in Russia and the North Sea, and by higher drilling and completions activity in Angola.
North America sales improved 3 percent over the prior quarter, while margins widened by 1.2 points.
Completion and Production (C&P) revs were $4.4 billion while Drilling and Evaluation (D&E) revenue moved to $3.0 billion. In the same period last year, C&P revs were $4.5 billion and D&E reported $2.8 billion in revs.
Halliburton also announced adding $4.3 billion to its stock buyback plan, bringing total capacity up to $5 billion.
For earnings history and earnings-related data on Halliburton Co. (HAL) click here.