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Halliburton’s Earnings Drivers in 1Q18

Alex Chamberlin
Halliburton’s Earnings Drivers in 1Q18

Halliburton (HAL) released its 1Q18 financial results on April 23. For more about HAL’s earnings, read Market Realist’s What Worked for Halliburton’s 1Q18 Earnings. Between 1Q17 and 1Q18, Halliburton’s C&P (Completion and Production) revenue rose ~46%. The segment’s operating income turned around, rising 240% to $500 million due to increased US onshore activity, increased well completion services in Europe, Africa, and the Commonwealth of Independent States, and higher stimulation activity in the Middle East. C&P revenue was flat between 4Q17 and 1Q18.