Oilfield service supplier Halliburton Firm (NYSE: HAL) on Tuesday reported a decline in earnings for the second quarter of fiscal 2025, reflecting a year-over-year lower in revenues.
Second-quarter income declined to $5.5 billion from $5.83 billion in the identical interval a yr in the past. That translated right into a 31% year-over-year lower in earnings to $0.55 per share. Web earnings was $480 million in Q2, in comparison with $713 million within the year-ago quarter.
In the course of the first quarter, Halliburton repurchased round $250 million of its frequent inventory and paid dividends of $0.17 per share.
“Halliburton at this time is extra differentiated, with deeper know-how benefits to handle our clients’ necessities, and extra collaborative than ever earlier than. I imagine our price proposition, to collaborate and engineer options to maximise asset worth for our clients, is a strong driver of each buyer and shareholder worth,” stated CEO Jeff Miller.
