The Strategist

Halliburton reports net profit for 2021



01/25/2022 - 04:55



US oilfield services company Halliburton Inc. posted a net profit of $1.469 billion last year, following a loss of $2.942 billion a year earlier, the company said.



Tony Webster
Tony Webster
Net income attributable to the parent company was $1.457 billion, compared with a loss of $2.945 billion a year ago. Net income per common share for the period was $1.63 after a loss of $3.34 a year earlier. The company posted revenues of $15.295 billion, up 5 per cent from 2020.

Profit for the fourth quarter of 2021 was $827 million after a loss of $227 million a year earlier. Profit attributable to the parent company was $824 million after a loss of $235 million in 2020.

Earnings per share for the quarter were $0.92, compared with a loss of $0.27 for the fourth quarter of 2020. Halliburton's quarterly revenue rose 32% year on year to $4.277 billion, which was higher than analysts' forecast of $4.09 billion.

The company's shares were up 1.42% in premarket trading.

Halliburton Inc. was founded in 1919. The company manufactures equipment for drilling wells, maintains pipelines and tank farms. The corporation has a presence in 70 countries and the number of employees exceeds 40 thousand people. Its headquarters is located in Houston, Texas, USA.

source: bloomberg.com




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