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The Houston-based Halliburton (HAL) released its second-quarter results on July 20, 2020. It was a positive surprise for the market.
Halliburton, which makes most of its revenue in North America, was the first oilfield service business to release second-quarter results. Baker Hughes (BKR) will release on July 22, and Schlumberger (SLB), probably, on Friday this week.
The investment thesis has not changed from the prior quarter. HAL is an "oil service" and should be considered at a secondary level in this global oil paradigm even if the valuation could