With oil prices at eight-year highs and equipment shortages keeping the bargaining power on the side of the oilfield service companies, Halliburton is having a big day.
The oilfield services giant had a healthy first quarter, with overall revenue up 24% year over year, beating analyst expectations polled by FactSet. Much of this was due to strong growth in North America. Sales in that region rose 37%, while the international segment saw 15% growth.
https://www.wsj.com/articles/halliburton-holds-all-the-pricing-power-11650394081?mod=rss_markets_main Halliburton holds all pricing power