Halliburton
said its third-quarter net income fell 12 per cent as drilling activity declined and costs rose in its core North American business. The Houston energy services company earned $602 million, or 65 cents per share, down from $683 million, or 74 cents per share, a year ago. Revenue rose nine per cent to $7.11 billion. That was the smallest year-over-year revenue growth since the first quarter of 2010. Halliburton is a major provider of hydraulic fracturing, or "fracking," services that unlock oil and natural gas from underground shale deposits.
