Money | Halliburton Halliburton More Than Doubles Its Profits in Q1 North American drilling, high oil prices help By Evann Gastaldo Posted Apr 18, 2011 8:07 AM CDT Copied In this April 15, 2009 file photo, the Halliburton sign adorns the side of a machine being used by the company at a site for natural-gas producer Williams in Rulison, Colo. (AP Photo/David Zalubowski, File) Despite challenges arising from political unrest in the Arab world, Halliburton's net income has more than doubled during the first quarter of 2011. The oil-field services company credits the soaring earnings to an increase in unconventional North American oil and natural-gas drilling; the AP reports that North American revenue jumped 75%, while revenue from international operations was up 11%. The Wall Street Journal notes that high oil prices also helped. Halliburton's first-quarter profit was $511 million, up from $206 million a year prior. Read These Next He heckled President Trump, is now $430K richer. Dems and Republicans team up to block Trump on Greenland. Joe Rogan is once again breaking with Trump. Denmark says US wouldn't budge in DC meeting on Greenland. Report an error