Oilfield service provider Halliburton Company (NYSE: HAL) on Tuesday reported a decline in earnings for the second quarter of fiscal 2025, reflecting a year-over-year decrease in revenues.
Second-quarter revenue declined to $5.5 billion from $5.83 billion in the same period a year ago. That translated into a 31% year-over-year decrease in earnings to $0.55 per share. Net income was $480 million in Q2, compared to $713 million in the year-ago quarter.
During the first quarter, Halliburton repurchased around $250 million of its common stock and paid dividends of $0.17 per share.
“Halliburton today is more differentiated, with deeper technology advantages to address our customers’ requirements, and more collaborative than ever before. I believe our value proposition, to collaborate and engineer solutions to maximize asset value for our customers, is a powerful driver of both customer and shareholder value,” said CEO Jeff Miller.
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