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 CNN boss asks workers not to 'jump to conclusions' about deal. Trump laid a 'trap' for Democrats, and GOP aims to pounce. Nielsen puts Trump's TV audience at 32M. Bill Clinton: 'I Saw Nothing, and I Did Nothing Wrong' Report an error