Halliburton Drops Most in 5 Months on BP Well Report
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Halliburton Co., the world’s second-largest oilfield-services provider, fell the most in five months after a government report said cement the company recommended to seal BP Plc’s Gulf of Mexico well was unstable and may have contributed to the largest U.S. offshore oil spill.
Halliburton, which reached a two-year high on Oct. 15, plunged 8 percent, or $2.74, to close at $31.68 in New York Stock Exchange composite trading with 97.8 million shares changing hands today, the most since March 2007.