NEW YORK (TheStreet) -- It always amazes me how, when discussing some of the more prominent oil companies on the stock market, it requires a considerable amount of prying to get Halliburton (HAL) included in the conversation among names such as Exxon Mobil (XOM) and Schlumberger (SLB). Particularly when, compared to Schlumberger, the stock is trading at a significant discount with a price-to-earnings ratio of 8 points less. Meanwhile the company has demonstrated on a consistent basis not only that it can beat analysts' expectations, but it also understands the importance of delivering on the bottom line.
Those were the positive sides of the report. On the less than stellar side, I did notice a decline of 3% in revenue from the previous quarter -- albeit not a huge number, but significant enough to be noticed. Also of some concern was the margin was unimpressive and showed a decline from the previous quarter. However, when considering the fact that rival Baker Hughes ( BHI) previously issued an earnings warning due to supply chain issues, Halliburton's overall performance should be considered a success.