How Halliburton’s Segments Performed in the Second Quarter
From Q2 2017 to Q2 2018, Halliburton’s (HAL) Completion and Production (or C&P) segment revenue rose ~33%. The C&P segment accounted for 68% of HAL’s Q2 revenues. Operating-income-wise, the C&P segment jumped 69% in Q2 2018 over Q2 2017. The rise was on account of increased pressure pumping activity and higher completion tool sales from some of HAL’s international operations. The C&P segment revenue increased 34% in the second quarter over the first quarter.