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When Halliburton announced its fourth-quarter results this week, the headline news was that earnings had plunged nearly 50% over the previous year. But investors are looking beyond that. Shares of Halliburton are up 35% over the past six months, versus a gain of 18% for arch-rival Schlumberger and a...
When Halliburton announced its fourth-quarter results this week, the headline news was that earnings had plunged nearly 50% over the previous year. But investors are looking beyond that. Shares of Halliburton are up 35% over the past six months, versus a gain of 18% for arch-rival Schlumberger and a...
By Jason WomackOf DOW JONES NEWSWIRESHOUSTON (Dow Jones)--Exxon Mobil Corp.'s (XOM) $31 billion bid for XTO Energy Inc. (XTO) marks the biggest endorsement yet for the exploitation of unconventional natural gas resources--and signals a growing will to carry the expertise that has revolutionized gas production...
French oil giant Total on Monday became the latest major oil company to cut a deal for access to prolific shale gas fields in the U.S., but it probably won't be the last.Oil companies are looking to expand holdings of natural gas amid stricter environmental laws and forecasts that use of cleaner-burning...