HOUSTON. World oil services companies also sprayed a profit on rising crude oil prices. Some of these world-class companies snapper managed to record an increase of performance. One is a company Schlumberger Ltd. is the world's largest oil services.
Company based in Houston and Paris is achieved profit growth in first half of 2011 to 64% to U.S. $ 1.34 billion, or 98 cents per share from the same period last year of U.S. $ 818 million, equivalent to 68 cents per share.
Stock gains 2 cents higher than the estimate of 33 analysts surveyed by Bloomberg. The rise of profits sustained by the Schlumberger revenues jumped by 62% to U.S. $ 9.62 billion.
Not only Schlumberger, oil companies world-class services that others are also experiencing the same thing. Halliburton Co., the largest oil service company ranked second in the world managed to record a good performance in the second quarter of 2011. In year on year (yoy), net income was U.S. companies surged by 54%.
Profits rose to U.S. $ 738 million, or 80 cents per share from the previous U.S. $ 480 million, equivalent to 53 cents per share. The value of sales in this period rose 35% to U.S. $ 5.94 billion. This performance is apparently above the average of 35 analysts surveyed by Bloomberg.
The increase in performance was also contributed by increasing the number of active oil fields. The average number of active oil fields and gas rigs around the world rose to 3163 in the second quarter, up 15% from 2762 in the previous year.
"Overall, this performance demonstrates the power of oil services company that is needed by oil producers," said Brian Youngberg, an analyst with Edward Jones in St. Louis.
This performance is also not free from rising world oil prices caused by the conflict in the Middle East and North Africa.
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