Halliburton Profit Rises After Oil Climbs to Record

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Halliburton Co., the world's second-largest oilfield contractor, said profit rose 5.8 percent after crude topped $100 a barrel, prompting producers to increase spending on Middle East and Latin American projects. First-quarter net income climbed to $584 million, or 64 cents a share, from $552 million, or 54 cents, a year earlier, the Houston-based company said today in a statement.

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