Halliburton profit dips but beats expectations

Posted: January 26, 2013 at 3:15 a.m.

The Halliburton Co. booth is seen at the DUG Eagle Ford Conference & Exhibition in San Antonio in October. Halliburton said Friday that its fourth-quarter profit fell 26 percent.

Halliburton’s net income for the fourth quarter fell 26 percent because of a decline in North America, where drilling activity slowed and the company has been forced to charge lower prices for its services.

This story is only available from our archives.

Business, Pages 31 on 01/26/2013


« Previous Story

Fed’s bond-buying pushes assets to record $3 ...

Federal Reserve Chairman Ben Bernanke’s unprecedented bond-buying pushed the Fed’s balance sheet to a record $3 trillion as he shows no sign of softening his effort to brin... Read »

Next Story »

AT&T agrees to buy spectrum from rival

An AT&T salesman demonstrates a mobile phone at an AT&T store in Chicago. AT&T has agreed to buy the rights to airwaves from Verizon Wireless to bolster its network.

AT&T Inc., the second biggest U.S. wireless carrier, has agreed to acquire the rights to a section of the radi... Read »