Halliburton posts significant increase in Q3 earnings

10/18/2010 | Wall Street Journal, The

Halliburton's downturn in the Gulf of Mexico, Algeria and Mexico will be offset by developments in domestic onshore oil and natural gas, said CEO Dave Lesar. "We believe our North America revenue and margins are sustainable through 2011," he said during a conference call. The oil services company reported third-quarter earnings of $544 million, compared with $262 million in the same period last year.

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