Halliburton Navigates Tough U.S. Land Market in Third-Quarter 2012, Expects Lower CapEx Next Year

SUGAR LAND--October 18, 2012--Researched by Industrial Info Resources (Sugar Land, Texas)--Energy services provider Halliburton Company (NYSE:HAL) (Houston, Texas) reported strong revenues but slightly weakened profits in the third quarter of 2012, as record quarterly revenues in the Latin American and Middle Eastern-Asian regions were partly negated by weakened activity and higher costs in the U.S. land market. Net income for the quarter was reported to be $602 million, an 11.86% decrease from third-quarter 2011. Industrial Info is tracking more than $51 billion in active projects involving Halliburton.