Money | Halliburton Halliburton More Than Doubles Its Profits in Q1 North American drilling, high oil prices help By Evann Gastaldo Posted Apr 18, 2011 8:07 AM CDT Copied In this April 15, 2009 file photo, the Halliburton sign adorns the side of a machine being used by the company at a site for natural-gas producer Williams in Rulison, Colo. (AP Photo/David Zalubowski, File) Despite challenges arising from political unrest in the Arab world, Halliburton's net income has more than doubled during the first quarter of 2011. The oil-field services company credits the soaring earnings to an increase in unconventional North American oil and natural-gas drilling; the AP reports that North American revenue jumped 75%, while revenue from international operations was up 11%. The Wall Street Journal notes that high oil prices also helped. Halliburton's first-quarter profit was $511 million, up from $206 million a year prior. Read These Next Tillis, who opposes Trump bill, won't seek reelection. IAEA chief downplays damage to Iran nuclear sites. Musk renews attack on Trump's bill. Hall of Famer Dave Parker dies Report an error