Sunday, December 22, 2024
Weaker U.S. fracking drags Halliburton earnings below estimates- oil and gas 360

Weaker U.S. fracking drags Halliburton earnings below estimates

(Oil Price) – Halliburton Company (NYSE: HAL) missed analyst estimates for its third-quarter earnings as weaker North American revenues combined with the impact of an August cyberattack and hurricanes in the U.S. Gulf of Mexico dragged profits down. Halliburton, one of the world’s top three oilfield services providers and leader in the U.S. fracking services market, reported on Thursday adjusted net income per

BP earnings top forecasts despite weaker oil prices and refining- oil and gas 360

BP earnings top forecasts despite weaker oil prices and refining

(Oil Price) – BP (NYSE: BP) booked third-quarter earnings above analyst expectations, although the profit was lower from a year earlier and the second quarter amid weaker oil prices and low refining margins. BP reported on Tuesday an underlying replacement cost (RC) profit – its key earnings metric closest to net profit – of $2.3 billion for the third quarter, down by 30%