Halliburton announced today that income from continuing operations for the second quarter of 2012 was $745 million.
This compares to income from continuing operations for the first quarter of 2012 of $635 million. First quarter reported results included $300 million ($191 million, after-tax) for an estimated loss contingency related to the Macondo well incident.
Halliburton’s consolidated revenue in the second quarter of 2012 was $7.2 billion, compared to $6.9 billion in the first quarter of 2012. Consolidated operating income was $1.2 billion in the second quarter of 2012, compared to $1.0 billion in the first quarter of 2012. All international regions experienced double-digit percentage revenue and operating income growth from the first quarter of 2012. North America margins were negatively impacted, however, by rising costs and pricing pressure in production enhancement services.
“ I am pleased with our second quarter results, which set a new revenue record for the total company and all three of our international regions ,” commented Dave Lesar, chairman, president and chief executive officer of Halliburton .
[mappress] LNG World News Staff, July 23, 2012