Gulf Oil Leak and Halliburton
Net income increased to $480 million, or 53 cents a share, from $262 million, or 29 cents, a year earlier, Houston-based Halliburton said today
The spill, triggered by an April 20 explosion aboard the Deepwater Horizon drilling rig, which Transocean Ltd. leased to London-based BP. Halliburton provided cementing services on the well BP was drilling. Halliburton Chief Executive Officer David Lesar said in May that the company is fully indemnified from costs related to the spill.
derived of about 13 percent of its North American revenue from the Gulf of Mexico in the first quarter. Last month, Halliburton said it planned to relocate workers and equipment to other markets as appropriate.
Halliburton ended last week at $27.51 in New York Stock Exchange composite trading, leaving the shares 17 percent lower than before the rig blast.
