Service titans Halliburton and Schlumberger both posted declines in revenue and profit but won praise from analysts for the strength of their results in the wake of the drop in oil prices.
Halliburton took a significant hit in the second quarter as net profit plunged 93% to $53 million from $775 million in the comparable period of last year.
The US oilfield services giant also posted a fall in revenues year on year to $5.92
