Why Were These Energy Results So Mixed?
Last Wednesday, Halliburton kicked of a busy week of Q3 earnings releases for the oil and gas services sector. With its net profit down 12% year over year, investors were cautious heading into Friday's releases from Schlumbergerand Baker Hughes International. What shareholders got was a mixed bag from both of these companies relative to Halliburton's results.
For the quarter, Schlumberger largely outperformed both of its peers, while Halliburton and Baker Hughes each had different reasons for their down quarter -- slowing growth in North American drilling for Halliburton and weaker margins internationally for Baker Hughes, to name a couple. Take a look at the following video for a better picture of why such stark differences existed in Q3 and how they our analysts see the near future progressing.
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The article Why Were These Energy Results So Mixed? originally appeared on Fool.com.Joel South owns shares of Schlumberger and Halliburton. Taylor Muckerman has no positions in the stocks mentioned above. The Motley Fool owns shares of Halliburton and Seadrill. Motley Fool newsletter services recommend Halliburton and Seadrill. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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