Halliburton Sees ‘Multi-Year Upcycle’ as Oil Services Return

  • Date: 20-Jul-2021
  • Source: Yahoo News
  • Sector:Oil & Gas
  • Country:Gulf
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Halliburton Sees ‘Multi-Year Upcycle’ as Oil Services Return

(Bloomberg) -- Halliburton Co., the biggest provider of fracking services, is gearing up for several years of expansion in both the U.S. and foreign markets as spending recovers in the global energy industry.

“The positive activity momentum we see in North America and international markets today, combined with our expectations for future customer demand, gives us conviction for an unfolding multi-year upcycle,” Chief Executive Officer Jeff Miller said in a statement Tuesday.