Halliburton Sees Years of Growth Ahead as Middle East Repairs Boost Demand

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Halliburton Sees Years of Growth Ahead as Middle East Repairs Boost Demand
Photo: Steve Gonzales AP/TT

"We have weathered another three months of the largest energy disruption in history. I expect the work of restoring production, building up inventories and strengthening energy security to drive several years of increased growth in oilfield services," CEO Jeff Miller said in an interim report.

For the third quarter, Halliburton reported an operating profit of $731 million, slightly more than expected.

The company's stock was among the winners in futures trading on Wall Street after the report.

Competitors SLB and Baker Hughes will report quarterly results on Friday and next Tuesday, respectively.

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By TT News Agency. English edition by Sweden Herald, adapted for our readers

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