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Halliburton expects higher margins in North American in the current quarter due to strong drilling activity, Reuters reports.

Halliburton anticipates its North American margins to approach 20 percent in the third quarter.

The company also reported that its second quarter revenue increased by 11 percent and its operating income was up by 38 percent.

Halliburton company increased its share repurchase program from $5 million to $6 million.

Total second quarter revenue reached a record $8.1 billion.