Halliburton Earnings Shoot Up 54% Oil giant credits strong demand By Newser Editors and Wire Services Posted Jul 18, 2011 8:50 AM CDT 104 comments Comments In this April 15, 2009 file photo, the Halliburton sign is shown. (AP Photo/David Zalubowski, File) (Newser) – Halliburton says the expansion of oil and natural gas drilling in North America helped boost company earnings by nearly 54% in the second quarter. Revenue also hit a company record for the period. The Houston oil services giant reported earnings of $739 million, or 80 cents per share today, with revenue jumping 35.2% to $5.94 billion. The results easily beat Wall Street expectations of 73 cents per share on revenue of $5.64 billion, according to FactSet. CEO Dave Lesar says that growing energy demand around the world will continue to drive Halliburton's business.