By Liz Hampton and Arunima Kumar
(Reuters) -Oilfield company Halliburton (NYSE:HAL) Co on Tuesday said the industry was in the early stages of a multi-year up-cycle, as activity has rebounded from pandemic lows and pricing for some of its services has inched higher.
The Houston, Texas-based company reported a 33.5% jump in second-quarter profit from the previous three months, as higher crude prices buoys demand for oilfield services.
Global benchmark Brent futures rose to over $77 a barrel in early July - the highest since late 2018 - but were trading around $68.54 a barrel on Tuesday amid concerns that a spike in COVID-19 infections could dampen demand just as OPEC+ producers increase supply.
Halliburton Chief Executive Jeff Miller delivered a relatively bullish outlook for the global oil market, anticipating that drilling and completions spending in North America would grow by double digits over the next two years.
He also estimated double-digit growth in international oil activity for the second half of this year compared with the same period in 2020.
"We believe that we are in the early innings of a multi-year up-cycle. For the first time in seven years, we anticipate simultaneous growth in international and North America markets," Miller told investors.
Halliburton said it expected revenue growth in the mid-teens over the next two years.
Shares were up about 2.5% in early trading at $19.85.
Halliburton said net income attributable to company rose to $227 million, or 26 cents per share, in the three months ended June 30, from $170 million, or 19 cents per share, in the first quarter. Wall Street analysts had anticipated earnings of 23 cents per share during the quarter.
The Houston-based company reported $3.707 billion in revenue for the second quarter, slightly missing revenue estimates of $3.735 billion, according to data from Refinitiv IBES data.
Still, analysts said the results were positive, pointing to the earnings beat and improved margins.
"The margin performance that buoyed results should be enough to drive relative outperformance for HAL (Halliburton) today," analysts for investment firm Tudor Pickering & Holt Co wrote on Tuesday.
Rivals Baker Hughes Co and Schlumberger NV (NYSE:SLB) are also scheduled to report their quarterly earnings this week.
EUR/USD
1.0790
-0.0036 (-0.33%)
Summary
NeutralMoving Avg:
Buy (8)
Sell (4)
Indicators:
Buy (1)
Sell (7)
EUR/USD
1.0790
-0.0036 (-0.33%)
Summary
NeutralMoving Avg:
Buy (8)
Sell (4)
Indicators:
Buy (1)
Sell (7)
GBP/USD
1.2621
-0.0018 (-0.14%)
Summary
NeutralMoving Avg:
Buy (6)
Sell (6)
Indicators:
Buy (1)
Sell (5)
USD/JPY
151.38
+0.07 (+0.04%)
Summary
NeutralMoving Avg:
Buy (5)
Sell (7)
Indicators:
Buy (10)
Sell (0)
AUD/USD
0.6493
-0.0040 (-0.61%)
Summary
↑ SellMoving Avg:
Buy (1)
Sell (11)
Indicators:
Buy (1)
Sell (6)
USD/CAD
1.3592
+0.0025 (+0.18%)
Summary
↑ BuyMoving Avg:
Buy (7)
Sell (5)
Indicators:
Buy (8)
Sell (0)
EUR/JPY
163.30
-0.45 (-0.27%)
Summary
↑ SellMoving Avg:
Buy (4)
Sell (8)
Indicators:
Buy (0)
Sell (6)
EUR/CHF
0.9772
-0.0014 (-0.14%)
Summary
NeutralMoving Avg:
Buy (5)
Sell (7)
Indicators:
Buy (5)
Sell (1)
Gold Futures
2,228.20
+15.50 (+0.70%)
Summary
↑ SellMoving Avg:
Buy (2)
Sell (10)
Indicators:
Buy (0)
Sell (7)
Silver Futures
24.613
-0.139 (-0.56%)
Summary
↑ SellMoving Avg:
Buy (0)
Sell (12)
Indicators:
Buy (0)
Sell (6)
Copper Futures
3.9937
-0.0063 (-0.16%)
Summary
↑ SellMoving Avg:
Buy (0)
Sell (12)
Indicators:
Buy (0)
Sell (9)
Crude Oil WTI Futures
82.47
+1.12 (+1.38%)
Summary
SellMoving Avg:
Buy (6)
Sell (6)
Indicators:
Buy (1)
Sell (7)
Brent Oil Futures
86.37
+0.96 (+1.12%)
Summary
SellMoving Avg:
Buy (6)
Sell (6)
Indicators:
Buy (2)
Sell (6)
Natural Gas Futures
1.699
-0.019 (-1.11%)
Summary
↑ BuyMoving Avg:
Buy (12)
Sell (0)
Indicators:
Buy (8)
Sell (1)
US Coffee C Futures
188.18
-2.47 (-1.30%)
Summary
↑ SellMoving Avg:
Buy (0)
Sell (12)
Indicators:
Buy (2)
Sell (8)
Euro Stoxx 50
5,087.75
+6.01 (+0.12%)
Summary
↑ SellMoving Avg:
Buy (0)
Sell (12)
Indicators:
Buy (1)
Sell (7)
S&P 500
5,248.49
+44.91 (+0.86%)
Summary
↑ BuyMoving Avg:
Buy (12)
Sell (0)
Indicators:
Buy (10)
Sell (0)
DAX
18,481.85
+6.79 (+0.04%)
Summary
↑ SellMoving Avg:
Buy (2)
Sell (10)
Indicators:
Buy (0)
Sell (9)
FTSE 100
7,949.88
+17.90 (+0.23%)
Summary
↑ SellMoving Avg:
Buy (1)
Sell (11)
Indicators:
Buy (1)
Sell (10)
Hang Seng
16,541.42
+148.58 (+0.91%)
Summary
NeutralMoving Avg:
Buy (0)
Sell (12)
Indicators:
Buy (3)
Sell (1)
US Small Cap 2000
2,114.35
+44.19 (+2.13%)
Summary
↑ BuyMoving Avg:
Buy (12)
Sell (0)
Indicators:
Buy (7)
Sell (0)
IBEX 35
11,087.93
-23.37 (-0.21%)
Summary
↑ SellMoving Avg:
Buy (4)
Sell (8)
Indicators:
Buy (0)
Sell (8)
BASF SE NA O.N.
52.930
-0.320 (-0.60%)
Summary
↑ SellMoving Avg:
Buy (0)
Sell (12)
Indicators:
Buy (0)
Sell (7)
Bayer AG NA
28.45
+0.03 (+0.11%)
Summary
↑ SellMoving Avg:
Buy (2)
Sell (10)
Indicators:
Buy (0)
Sell (7)
Allianz SE VNA O.N.
276.65
-0.80 (-0.29%)
Summary
↑ SellMoving Avg:
Buy (0)
Sell (12)
Indicators:
Buy (0)
Sell (7)
Adidas AG
206.35
+1.65 (+0.81%)
Summary
↑ SellMoving Avg:
Buy (0)
Sell (12)
Indicators:
Buy (0)
Sell (8)
Deutsche Lufthansa AG
7.268
+0.091 (+1.27%)
Summary
↑ SellMoving Avg:
Buy (2)
Sell (10)
Indicators:
Buy (0)
Sell (9)
Siemens AG Class N
177.01
+0.09 (+0.05%)
Summary
↑ SellMoving Avg:
Buy (0)
Sell (12)
Indicators:
Buy (2)
Sell (7)
Deutsche Bank AG
14.660
+0.048 (+0.33%)
Summary
↑ SellMoving Avg:
Buy (0)
Sell (12)
Indicators:
Buy (0)
Sell (8)
EUR/USD | 1.0790 | Neutral | |||
GBP/USD | 1.2621 | Neutral | |||
USD/JPY | 151.38 | Neutral | |||
AUD/USD | 0.6493 | ↑ Sell | |||
USD/CAD | 1.3592 | ↑ Buy | |||
EUR/JPY | 163.30 | ↑ Sell | |||
EUR/CHF | 0.9772 | Neutral |
Gold | 2,228.20 | ↑ Sell | |||
Silver | 24.613 | ↑ Sell | |||
Copper | 3.9937 | ↑ Sell | |||
Crude Oil WTI | 82.47 | Sell | |||
Brent Oil | 86.37 | Sell | |||
Natural Gas | 1.699 | ↑ Buy | |||
US Coffee C | 188.18 | ↑ Sell |
Euro Stoxx 50 | 5,087.75 | ↑ Sell | |||
S&P 500 | 5,248.49 | ↑ Buy | |||
DAX | 18,481.85 | ↑ Sell | |||
FTSE 100 | 7,949.88 | ↑ Sell | |||
Hang Seng | 16,541.42 | Neutral | |||
Small Cap 2000 | 2,114.35 | ↑ Buy | |||
IBEX 35 | 11,087.93 | ↑ Sell |
BASF | 52.930 | ↑ Sell | |||
Bayer | 28.45 | ↑ Sell | |||
Allianz | 276.65 | ↑ Sell | |||
Adidas | 206.35 | ↑ Sell | |||
Lufthansa | 7.268 | ↑ Sell | |||
Siemens AG | 177.01 | ↑ Sell | |||
Deutsche Bank AG | 14.660 | ↑ Sell |
Mua/Bán 1 chỉ SJC # So hôm qua # Chênh TG | |
---|---|
SJC Eximbank | 7,880/ 8,050 (0/ 0) # 1,398 |
SJC HCM | 7,900/ 8,100 (10/ 10) # 1,450 |
SJC Hanoi | 7,900/ 8,102 (10/ 10) # 1,452 |
SJC Danang | 7,900/ 8,102 (10/ 10) # 1,452 |
SJC Nhatrang | 7,900/ 8,102 (10/ 10) # 1,452 |
SJC Cantho | 7,900/ 8,102 (10/ 10) # 1,452 |
Cập nhật 28-03-2024 18:41:11 | |
Xem lịch sử giá vàng SJC: nhấn đây! |
ↀ Giá vàng thế giới | ||
---|---|---|
$2,209.77 | +18.75 | 0.86% |
ʘ Giá bán lẻ xăng dầu | ||
---|---|---|
Sản phẩm | Vùng 1 | Vùng 2 |
RON 95-V | 24.690 | 25.180 |
RON 95-III | 24.280 | 24.760 |
E5 RON 92-II | 23.210 | 23.670 |
DO 0.05S | 21.010 | 21.430 |
DO 0,001S-V | 21.640 | 22.070 |
Dầu hỏa 2-K | 21.260 | 21.680 |
ↂ Giá dầu thô thế giới | |||
---|---|---|---|
WTI | $82.22 | +4.78 | 0.06% |
Brent | $86.26 | +4.62 | 0.06% |
$ Tỷ giá Vietcombank | ||
---|---|---|
Ngoại tệ | Mua vào | Bán ra |
USD | 24.580,00 | 24.950,00 |
EUR | 26.018,34 | 27.446,04 |
GBP | 30.390,95 | 31.684,00 |
JPY | 158,69 | 167,96 |
KRW | 15,84 | 19,20 |
Cập nhật lúc 18:38:15 28/03/2024 Xem bảng tỷ giá hối đoái |