Author: Liz Hampton

By Arunima Kumar and Liz Hampton (Reuters) -ConocoPhillips said on Thursday its profit more than doubled to $18.7 billion in 2022, the highest since the oil company spun off its refining business in 2012, benefiting as crude prices climbed 10.5% in 2022. Still, its shares fell more than 5% to $111.79 on weaker oil prices…

By Arunima Kumar and Liz Hampton (Reuters) -U.S. oilfield services firm Halliburton Co on Tuesday topped Wall Street profit estimates for its fourth quarter and said its shale oil-well fracking equipment remains fully booked with oil prices driving increased drilling. The largest provider of hydraulic fracking services used to complete shale oil and gas wells…

By Liz Hampton and Rithika Krishna (Reuters) -Oilfield services provider Halliburton Co on Tuesday posted a 41% increase in second-quarter adjusted profit compared to the first quarter, and predicted years of growth in demand for drilling. Driven by high oil prices, the gain was in spite of a $344 million hit from the company winding…