Halliburton plans big capex increase in 2011

Halliburton Co, the world's second-largest oilfield services company, plans to increase capital spending next year by about a fifth at least, as it targets new opportunities outside its core U.S. market.
Chief Financial Officer Mark McCollum credits Halliburton's steady investment through the 2009 downturn as one reason for its recent outperformance over rivals, and said he expects 2011 capital expenditure of between $2.5 billion and $3 billion.
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Source: Reuters