Halliburton Sees Years of Growth
Photo: Steve Gonzales AP/TT

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

Demand for maintenance and repairs in the Middle East oil industry is paving the way for several years of growth for U.S. oil services company Halliburton.

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"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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AuthorTT News AgencyEnglish edition by Sweden Herald, adapted for our readers
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