Schlumberger Ltd. , the world’s largest oilfield services provider, said fourth-quarter profit rose 31 percent as surging crude prices drove a drilling boom in North America. The company’s shares fell after the chief executive officer said next quarter’s earnings may be lower.
RPC Inc., the Atlanta-based oil services company that has been considering a sale, may lure acquirers with the industry’s cheapest valuation and profits that are projected to double to a record this year.
Halliburton Co., the world’s second- largest oilfield-services provider, said second-quarter profit increased 54 percent as higher crude prices led to more spending on exploration and production in North America.
Halliburton Co. , the world’s second- largest oilfield-services provider, declined 4.8 percent after profit fell in all regions outside of North America, disappointing investors’ expectations for global business.
Tyson Foods Inc., Smithfield Foods Inc. and other large meatpackers would be barred from buying animals from each other and limits would be set on their exclusive contracts with large livestock suppliers under a rule proposed by the government to address antitrust concerns.