By CHRIS KAHN
Halliburton Co. says the expansion of oil and natural gas drilling in North America helped boosted company earnings by nearly 54 percent in the second quarter. Revenue also hit a company record for the period.
The Houston oil services company on Monday reported earnings of $739 million, or 80 cents per share, for the three months ended June 30. That compares with $480 million, or 53 cents per share, for the same part of 2010. Revenue increased 35.2 percent to $5.94 billion.
The results beat Wall Street earnings expectations of 73 cents per share on revenue of $5.64 billion, according to FactSet.
CEO Dave Lesar says that growing energy demand around the world will continue to drive Halliburton's business.
Halliburton's report kicks off earnings season for the oil industry.
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