Sale of KBR Bolsters Profit at Halliburton
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The oil field contractor said second-quarter net income more than doubled on a gain from selling its government services and construction subsidiary, KBR.
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HOUSTON -- Oilfield services giant Halliburton Co. on Tuesday swung to a loss in the third quarter ended Sept. 30, hurt by hefty charges from discontinued operations related to the settlement of asbestos and silica claims.
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The company said profit in the latest quarter rose more than 10 percent on strong sales to mining, energy and construction customers outside the United States.
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Halliburton Co., the world&#39;s No. 2 oil field services company, posted a quarterly loss today as gains in its energy business were outweighed by $230 million in charges to fund its asbestos settlement.
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Anheuser-Busch Cos Inc  said on Thursday that quarterly profit rose, as the brewer sold more beer despite the slowing economy.
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Halliburton Co. HAL.N, the world's  No. 2 oil field services company, on Tuesday posted a quarterly  loss as gains in its energy business were outweighed by $230  million in charges to fund its asbestos settlement.
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Halliburton Co. HAL.N said on  Thursday it would restructure its KBR unit and may shed the  business if the company's stock performance continues to lag  behind peers.
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A quarterly profit of $3.2 billion was driven by increased trading volume and merger activity.
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The petroleum and chemical company posts solid results on the back of higher prices.
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World No. 2 oil field company said profit squeezed by asbestos settlement, revenue higher on Iraq. HOUSTON  - Halliburton Co.
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Oilfield services company Halliburton Co. (HAL.N: Quote, Profile, Research) on Wednesday said its KBR unit had settled all outstanding issues with state-owned Brazilian oil company Petrobras
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Halliburton Co. (HAL.N: Quote, Profile, Research) , beset by controversy over its work in Iraq, plans to shed its KBR engineering and construction unit if the oilfield services company&#39;s
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Occidental Petroleum Corp.  on Monday reported a higher quarterly profit, benefiting from high oil and gas prices.
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Fourth-quarter earnings jumped 64 percent, due in part to a $214 million gain from a tax benefit, as well as more streamlined operations at the military contractor.
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In a sign that Iraq contracts did not provide the boon executives had expected from KBR, Halliburton is considering selling it.
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Occidental Petroleum Corp. OXY.N on  Monday reported a higher quarterly profit, benefiting from high  oil and gas prices.
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An order signed Monday by a federal bankruptcy judge in Pennsylvania clears the way for Halliburton&#39;s KBR unit to emerge from bankruptcy by year&#39;s end, according to the Houston company.