Author: Rithika Krishna
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Halliburton profit jumps, sees strong oil drilling demand
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…
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Miner Barrick Gold doubles dividend as profit beats on higher prices
By Ernest Scheyder and Rithika Krishna (Reuters) -Barrick Gold Corp, on Wednesday doubled its quarterly dividend after beating Wall Street estimates for profit on the back of higher gold and copper prices. Realized gold prices rose 5.6% to $1,876 per ounce in the first quarter from a year earlier, while copper jumped near 14% to…
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DuPont flags slow sales volumes in Q2 as global supply chain issues bite
By Rithika Krishna (Reuters) -Industrial materials maker DuPont de Nemours said it expects slower sales volume growth and sequential margin contraction in the current quarter as COVID-related shutdowns in China further pressured an already tight supply chain. Chief Financial Officer Lori Koch said in a call the company missed about $20 million worth of sales…