Tomahawk, WI 02/21/2014 (BasicsMedia) – Halliburton Company (NYSE:HAL) has not only defied analysts’ expectations but has proved true to its comeback promise by posting rise in its income amidst clever restructuring of its assets. Halliburton has not only managed to keep its profit rate growing by innovating different ideas and concepts but have also been able to improve and upgrade the operations as undertaken by it.

Halliburton’s performance review

Halliburton Company (NYSE:HAL) has posted its fourth quarter earnings report for 2013 reporting income of $798 million from continuing operations, its earnings per diluted share was $0.93 which saw a strong increase compared to the same quarter last year. Halliburton’s total revenue for the fourth quarter of 2013 was $7.6 billion and its adjusted operating income was $1.2 billion. Halliburton management seemed to be in a joyous mood after the declaration of results and its Chairman, Dave Lesar, commented that he was pleased with his company’s results for the quarter. Halliburton’s rise in income can be attributed to its record operating income from Middle East/Asia and Europe/Africa/CIS regions and as well from its 13 different product lines. Halliburton management’s strategy for this year has paid off and they have explicitly stated that they intend to continue their strategy even in the coming year. Halliburton has declared dividend of $0.15 per share to its stakeholders which shall become payable on 26th March 2014.

Halliburton’s approach

Halliburton Company (NYSE:HAL) has entered into partnership with Gubkin Russian State University of Oil and Gas for the development of unconventional resources in Russia and according to this agreement Halliburton will provide senior technical and management staff to serve on Gubkin’s advisory Board and to provide strategy for Gubkin’s student and industry training. Halliburton has been successful in improving its pressure-pumping operations through its “Frac of the Future” program wherein its products have used natural gas which has helped in reducing operational costs for Halliburton. Halliburton Company (NYSE:HAL) is one of the largest oilfield services company and its international operations and sales have really been growing since the past few years which has made it a stock to watch out for!

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