Halliburton Sees Profits Tumble from Weak Market in Second-Quarter 2015, Cuts Full-Year Capex to $2.6 Billion

SUGAR LAND--July 21, 2015--Researched by Industrial Info Resources (Sugar Land, Texas)--Halliburton Corporation (NYSE:HAL) (Houston, Texas), a major supplier of products and services to the upstream Oil & Gas Industry, sustained a sharp drop in profits in second-quarter 2015 amid a decline in activity across North American product lines, spurred largely by weaker commodity prices, and costs associated with the company's pending acquisition of Baker Hughes Incorporated (NYSE:BHI) (Houston). Industrial Info is tracking more than $6 billion in active projects involving Halliburton.

Within this article: Details on Halliburton's quarter and projects, including the construction of natural gas storage caverns in England.