Halliburton Quarterly Profit Falls on Inflated Fracking Costs

Halliburton Quarterly Profit Falls on Inflated Fracking Costs

George Frey/Bloomberg

Halliburton said June 6 that second-quarter North American operating profit margins will be 5 to 5.5 percentage points lower than in the first quarter, compared with a previous forecast of a 2 to 2.5 percentage point reduction, because of higher material costs.