As earnings season kicks off, we look toward the major oilfield service providers. Today, we look at Halliburton, a major player in the pressure pumping market in North America that's also posting solid growth numbers internationally.
While the company is experiencing some gross margin pressure thanks to higher cost of goods sold as it works off its high-cost inventory of guar, the bigger picture is the outlook for growing rig counts around the world. Increased activity by E&Ps will eventually drive bigger spending on Halliburton's services, which help companies explore and produce more efficiently. Watch the following video for the full details.
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Matthew Argersinger and Paul Chi have no positions in the stocks mentioned above. The Motley Fool owns shares of Halliburton. Motley Fool newsletter services recommend Halliburton. 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.