US oilfield services firm Halliburton today posted record revenues and profits, led by strong growth in North America.
Total revenue at the firm rose to £4.1billion in the three months to the end of September, compared to £3.7billion in the same period last year.
Operating profits were £823million in the third quarter, compared to £696million in the same period in 2010.
Dave Lesar, chairman, president and chief executive, said: “I am extremely pleased with our third-quarter results, as we set company records for revenue and operating income.
“North America continues to deliver very strong growth in revenue and profitability, while international profitability recovered at the rate we expected.”
He said the company also set records for revenue in both Latin America and the Middle East/Asia regions, despite shutdowns in Libya and projects delays in Iraq.
Mr Lesar added: “Globally, as field development becomes increasingly complex, we expect the demand for oil services will continue to grow.”
The business focus on deep water, unconventional resources and mature fields would also continue to help deliver strong financial results, he said.
The firm operates in about 80 countries globally and has around 60,000 staff.
Competitor Sclumberger is due to announce its third quarter results on Friday.