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Stockreport

Halliburton beats on fourth quarter profit, makes tax provision [Reuters]

HALLIBURTON (HAL)  More Company Research Source: Reuters
Last halliburton earnings: 4/23 06:45 am Check Earnings Report
US:NYSE Investor Relations: ir.halliburton.com
PDF Halliburton beats on fourth quarter profit, makes tax provision | Reuters 2 Min Read (Reuters) - Halliburton Co ( HAL.N ) posted a much bigger than expected quarterly profit in the fourth quarter, benefiting from a shale-driven surge in U.S. oil production towards 10 million barrels per day. Shares in the oilfield services provider rose around 1 percent in premarket as the company posted a profit of 53 cents a share, beating average analyst estimates of 46 cents per share, as per Thomson Reuters I/B/E/S. The company also made a $1.05 billion provision for income tax payments chiefly related to recently-passed changes in U.S. corporate taxation. Like cross-town rival Schlumberger ( SLB.N ) last week, the company sounded upbeat about the health of the U.S. oil industry. “I am optimistic about what I see in 2018,” CEO Jeff Miller said in a statement. “Commodity prices are supportive of increasing activity in North America and I am encouraged by the increase in tender activity and the [Read more]

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