Halliburton strategy ‘working well’ says CEO as company posts healthy H1 profits

Halliburton strategy ‘working well’ says CEO as company posts healthy H1 profits

Halliburton’s chief executive says the company’s strategy is “working well” after a relatively healthy financial start to the year.

The Houston-headquartered oilfield services giant recorded pre-tax profits of $518 million for the first six months of 2021.

That is a striking improvement on the corresponding period in 2020, when Halliburton slumped to losses of $2.98 billion, driven by Covid-19 and the subsequent oil price slump.