Halliburton
more than doubled its profits in the third quarter from a 12 months in the past, fueled by sturdy demand from customers for oil-subject services as power price ranges rose.
Top oil-area service vendors like
Halliburton
(ticker: HAL) and
Schlumberger
(SLB) –newly dubbed as SLB– have been busy as worldwide sanctions in reaction to Russia’s attack on Ukraine war have shaken up electricity markets and increased selling prices, encouraging drilling exercise. Brent crude, the global standard, averaged over $100 via most of the 3rd quarter, up by double-digit percentages from a calendar year ago.
Halliburton
more than doubled its profits in the third quarter from a 12 months in the past, fueled by sturdy demand from customers for oil-subject services as power price ranges rose.
Top oil-area service vendors like
Halliburton
(ticker: HAL) and
Schlumberger
(SLB) –newly dubbed as SLB– have been busy as worldwide sanctions in reaction to Russia’s attack on Ukraine war have shaken up electricity markets and increased selling prices, encouraging drilling exercise. Brent crude, the global standard, averaged over $100 via most of the 3rd quarter, up by double-digit percentages from a calendar year ago.
