Halliburton Records $1.1 Billion Profit in Fourth Quarter
By STEVE QUINN, AP Business Writer Thu Jan 26, 9:13 PM ET
DALLAS - Oilfield services conglomerate Halliburton Co. swung to a profit in its fourth quarter on robust sales and increased rig activity, and called last year the best in its 86-year history.
The income reversed a loss from a year earlier for Houston-based Halliburton, the company once led by Vice President Dick Cheney . Its KBR unit has become known for its support work for troops stationed in the Middle East.
Fourth quarter revenue rose 12 percent to $5.8 billion, largely from the performance of its energy services group, which saw sales increase 31 percent