Halliburton holds all pricing power

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. Halliburton holds all pricing power

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