HOUSTON, July 24 (Xinhua) -- Houston-based Halliburton posted on Monday 28 million U.S. dollars net profit for the second quarter of this year, which is up from a 32-million-dollar loss in the first quarter.
Halliburton suffered a huge 3.2-billion-dollar loss during the second quarter a year ago because of the 3.5 billion dollars termination penalty from its failed takeover of Houston rival Baker Hughes.
In the press release published on Monday, President and CEO Jeff Miller said that total company revenue this quarter was 5.0 billion U.S. dollars, representing a 16 percent increase compared to the first quarter of this year, while total adjusted operating income was 408 million dollars.
He stressed these results were primarily driven by continued strengthening of market conditions in North America, which were partially offset by pricing pressure internationally.
Founded in 1919, Halliburton is one of the world's largest providers of products and services to the energy industry. Enditem
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