The WSJ has an interesting article on earnings and share prices of oil services companies. It notes, for example, that prices for resource extraction are down 58% in June from a year ago. (Note: Subscription required.)
[Update: In a related article, the NYT is reporting that the oil field services company Halliburton said that its 2nd quarter profit declined by 48%, to $0.29 per share. Its chairman and CEO stated that he believes it is unlikely that there will be a meaningful recovery by year end due to a continued weakness in natural gas demand.]
[Update: In yet another article, the Houston Chronicle is reporting that Schlumberger Ltd.'s second-quarter earnings are down 57%. (Moved up.)]