Halliburton Boosts 3Q Profits by 26 Percent

CBS News reported that Halliburton’s (NYSE:HAL) profit skyrocketed 26 percent in the third-quarter as oil and gas drillers expanded their operations in North America.

As quoted in the market news:

The Houston oil services company on Monday reported earnings of $683 million, or 74 cents per share, for the three months ended Sept. 30. That compares with $544 million, or 60 cents per share for the same period in 2010.

Halliburton said the industry is aggressively tapping oil and natural gas deposits in the U.S., particularly the rich underground shale deposits like the Eagle Ford region of Texas, the Bakken region in North Dakota and Montana.

Click here to read the full CBS News report