Halliburton profit grows as fracking surges

Filed under: AM Roundup |

Halliburton is the largest supplier of fracking materials in the world – and has seen profits surge as more oil companies use fracking to get oi and natural gas out of rocks.

Bloomberg is reporting that Halliburton had a net income of $906 million, which is close to industry expectations.

The oil and gas industry investment in fracking grew 63 percent last year, to $31 billion.

Read more at Bloomberg.