Second quarter 2008 results were negatively impacted by a $30 million charge related to a patent settlement and $5 million of acquisition-related expense for the Expro bid, offset by $25 million in gains related to the sale of two investments in the US.
The net impact of these items was $10 million. Second quarter 2007 results were favorably impacted by a $49 million gain related to the sale of an investment.
Halliburton’s consolidated revenue in the second quarter of 2008 was $4.5 billion, up 20% from the second quarter of 2007. All product service lines contributed to this increase, driven by both increased international activity and strengthening demand in the US.
Consolidated operating income was $949 million in the second quarter of 2008, compared to $893 million in the second quarter of 2007.
Dave Lesar, chairman and CEO, said: I am very pleased with our results for the second quarter as we continue to show healthy expansion of our business on a worldwide basis. Revenue outside of North America grew 26% year-over-year, exceeding our 20% growth target.
