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Deepwater Horizon

Halliburton Shares Jump to Record High on Earnings Beat

Halliburton (NYSE:HAL) shares rallied to record highs Monday after posting earnings that topped Wall Street’s expectations.  The world’s second-biggest oil field services company reported a first-quarter profit of $622 million, or 73 cents per share.The Houston-based company posted record 1Q revenue of $7.3 billion, beating analyst estimates of $7.24 billion.  Halliburton saw $7 billion in revenue and a net loss of $18 million in the same period last year, partially stemming from its involvement in the 2010 Deepwater Horizon oil spill.The rise in earnings is largely due to strong international growth, particularly in Saudi Arabia and Angola.  “We continue to forecast that full-year Eastern Hemisphere revenue growth will be in the low double digits, and average full year margins will be in the upper teen,” said CEO David Lesar, in a statement.Harsh weather and increased competition provided obstacles in North America, but the region still saw revenue growth of 5%, compared to the same q...

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  1. Deepwater Horizon rig owner slams Obama's 6-month ban on deepwater drilling in Gulf of Mexico

    LONDON (AP) — Deepwater Horizon rig owner slams Obama's 6-month ban on deepwater drilling in Gulf of Mexico .

  2. Deepwater Horizon Contractor Pays BP $75M to Settle Claims

    Shares of BP (NYSE:BP) ticked higher Tuesday after the oil giant said one of its contractors will pay it $75 million to settle claims related to last years massive s...

  3. A summary of May 7 events related to the vast oil spill from the Deepwater Horizon

    Events May 7, Day 18 of a Gulf of Mexico oil spill that began with an explosion and fire on April 20 on the drilling rig Deepwater Horizon , owned by Transocean Ltd....

  4. A summary of May 19 events related to the vast oil spill from the Deepwater Horizon

    Events May 19, Day 30 of a Gulf of Mexico oil spill that began with an explosion and fire April 20 on the drilling rig Deepwater Horizon , owned by Transocean Ltd. a...

  5. A summary of May 13 events related to the vast oil spill from the Deepwater Horizon

    Events May 13, Day 24 of a Gulf of Mexico oil spill that began with an explosion and fire on April 20 on the drilling rig Deepwater Horizon , owned by Transocean Ltd...

  6. A summary of May 10 events related to the vast oil spill from the Deepwater Horizon

    Events May 10, Day 21 of a Gulf of Mexico oil spill that began with an explosion and fire on April 20 on the drilling rig Deepwater Horizon , owned by Transocean Ltd...

  7. A summary of May 14 events related to the vast oil spill from the Deepwater Horizon

    Events May 14, Day 25 of a Gulf of Mexico oil spill that began with an explosion and fire on April 20 on the drilling rig Deepwater Horizon , owned by Transocean Ltd...

  8. A summary of May 6 events related to the vast oil spill from the Deepwater Horizon

    Events May 6, Day 17 of a Gulf of Mexico oil spill that began with an explosion and fire on April 20 on the drilling rig Deepwater Horizon , owned by Transocean Ltd....

  9. A summary of May 11 events related to the vast oil spill from the Deepwater Horizon

    Events May 11, Day 22 of a Gulf of Mexico oil spill that began with an explosion and fire on April 20 on the drilling rig Deepwater Horizon , owned by Transocean Ltd...

  10. Transocean, DOJ Reach Agreement on Deepwater Horizon Claims

    Transocean Ltd has agreed to pay $1.4 billion to settle U.S. government charges arising from the massive 2010 BP Plc oil spill in the Gulf of Mexico, a source famili...

  11. Transocean worker says still haunted by Deepwater Horizon blast

    Transocean's Randy Ezell is still haunted nearly three years later by the explosion on the Deepwater Horizon drilling rig that killed 11 fellow workers and left him ...

  12. Ex-BP engineer hopes for acquittal or new trial in hearing on his obstruction conviction

    A former BP engineer is returning to federal court as he seeks to undo his obstruction of justice conviction in the government's investigation of the Deepwater Horiz...

  1. SEC Charges Ex-BP Official for Insider Trading During Deepwater Debacle

    Developing: The Securities and Exchange Commission charged Keith Seilhan with trading on non-public information obtained during the time he was helping BP (NYSE:BP) ...

  2. SEC: BP Employee Illegally Sold Shares After 2010 Spill

    A veteran BP (NYSE: BP) employee who headed the company's cleanup from the 2010 Deepwater Horizon oil spill has been charged with insider trading for allegedly selli...

  3. Ex-BP Employee Charged With Insider Trading During Spill

    A former employee of BP was charged with insider trading during the Deepwater Horizon oil spill by the Securities and Exchange Commission. Keith Seilhan, who was coo...

  4. Ex BP-employee settles US insider-trading charges related to 2010 Gulf oil spill

    A former BP employee who was a coordinator during the 2010 oil spill in the Gulf of Mexico has agreed to settle federal charges of using confidential information on ...

  5. New York City sues BP over Deepwater Horizon spill: Comptroller

    New York City said on Friday that it sued BP Plc for over $39 million of losses it claims beneficiaries of the city's pension funds suffered due to BP's "misconduct ...

  6. BP in advanced talks over Deepwater Horizon settlements

    Oil major BP said it was in advanced discussions with the United States Department of Justice (DoJ) and the Securities & Exchange Commission (SEC) over "proposed res...

  7. BP to "vigorously" defend itself in Deepwater Horizon case

    BP says it has failed to reach a settlement in advance of next week's civil trial on the Deepwater Horizon accident and is ready to defend itself vigorously against ...

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