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Halliburton adds $2bn to buyback plan



By Upstream staff 

Oil services giant Halliburton said its board had boosted its share buyback plans by an extra $2 billion, bringing the total amount set aside to $5 billion.

In February last year, Halliburton announced a $1 billion share buyback and subsequently raised the buyback by a further $2 billion later in the year.

So far Halliburton has bought back about 65.9 million shares for $2.2 billion under existing authorisations.

Halliburton also declared a third-quarter dividend of 9 cents a share, according to a statement.

The dividend is payable 25 September to shareholders of record at the close of business on 3 September.


Thursday, 12 July, 2007, 02:04 GMT  | last updated: Thursday, 12 July, 2007, 07:30 GMT

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