Halliburton Wants to Bolster Slumping Overseas Profit
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Halliburton Co., the world’s second-largest oilfield-services provider, will need to turn around its sagging international business to achieve the 34 percent gain in earnings analysts are predicting for the company next year.
Halliburton has sought to reduce its focus on North America, opening a Middle East headquarters in Dubai in 2007 and adding overseas research and manufacturing centers. The company’s operating income from its three international regions surpassed North America in 2008 and 2009.