Welcome to our dedicated page for Halliburton Company news (Ticker: HAL), a resource for investors and traders seeking the latest updates and insights on Halliburton Company stock.
Halliburton Company (symbol: HAL) is a leading force in the energy sector, founded in 1919. With a global presence in approximately 80 countries and a workforce of around 65,000 employees representing 140 nationalities, Halliburton provides an extensive range of products and services to the upstream oil and gas industry.
Halliburton’s operations span the entire lifecycle of a reservoir, from the initial stages of locating hydrocarbons and managing geological data, to drilling and formation evaluation, well construction and completion, and optimizing production throughout the life of the field. The company is renowned for its expertise in various business lines, including completion fluids, wireline services, and cementing.
Notably, Halliburton is the largest pressure pumper in North America and has pioneered innovations in hydraulic fracturing over the past two decades. This has positioned the company as one of the three largest oilfield service firms globally.
Halliburton's financial health is robust, with a focus on adjusted EBITDA, adjusted operating income, and adjusted free cash flow as key performance indicators. These metrics are vital for evaluating the company’s ongoing profitability and operational efficiency. The company’s recent projects and strategic partnerships further underline its commitment to technological advancements and sustainable growth in the energy sector.
For the latest updates and detailed information on Halliburton’s performance and developments, visit their official website at www.halliburton.com.
Halliburton (HAL) reported Q4 2024 results with net income of $615 million, or $0.70 per diluted share, up from Q3's $571 million. Q4 revenue was $5.6 billion with an operating margin of 17%. Full-year 2024 revenue remained flat at $22.9 billion compared to 2023, while operating income decreased to $3.8 billion from $4.1 billion.
The company generated $1.5 billion in operating cash flow and $1.1 billion in free cash flow. Notable shareholder returns included $1 billion in share repurchases throughout 2024, representing a 60% return of free cash flow to shareholders. In Q4, the company repurchased approximately $309 million of common stock and $100 million of debt.
Geographically, North America revenue declined 7% to $2.2 billion, while International revenue increased 3% to $3.4 billion in Q4. Management expects 2025 to be sequentially softer in North America but maintains a positive long-term outlook.
Halliburton Energy Services (NYSE: HAL) and Coterra Energy (NYSE: CTRA) have launched North America's first fully automated hydraulic fracturing technology called Octiv® Auto Frac service, part of the ZEUS platform. This groundbreaking technology enables automated stage delivery execution with a single button push.
The service enhances Halliburton's Zeus intelligent fracturing platform, incorporating electric pumping units and Sensori™ fracture monitoring service. Previously, fracture decisions required manual management during pumping. With this innovation, Coterra can now automate the entire fracture process according to their specifications.
Initial implementation resulted in a 17% increase in stage efficiency. Following these positive results, Coterra has expanded the service deployment across their remaining completion programs executed by Halliburton in the Permian Basin. The technology aims to maximize consistency and efficiency in fracturing operations while providing operators greater control over their assets.
Halliburton Labs has welcomed five innovative companies to its collaborative ecosystem: 360 Energy, Cella, Espiku, Mitico, and NuCube. Each company brings unique solutions to energy challenges:
- 360 Energy monetizes flared gas through modular data centers
- Cella focuses on subsurface CO2 mineralization
- Espiku develops water and minerals recovery from brines
- Mitico offers CO2 capture technology with 95% efficiency
- NuCube develops modular nuclear microreactors for electricity and heat
The companies will receive support from Halliburton's practitioners and business network to advance their commercialization efforts. Additionally, Halliburton Labs announced its next Finalists Pitch Day in Denver on March 26, 2025.
Halliburton Company (NYSE: HAL) has announced it will host its fourth quarter 2024 earnings conference call on Wednesday, January 22, 2025, at 8:00 a.m. CT (9:00 a.m. ET). The company will release its Q4 2024 earnings report before the conference call, which will be available on their website. Investors can access the live webcast through Halliburton's website, and a recorded version will be available for seven days following the call. Pre-registration is available for those who wish to obtain dial-in information.
Halliburton (NYSE: HAL) has declared its fourth quarter dividend for 2024. The company will pay $0.17 per share to shareholders of record as of December 4, 2024. The dividend payment is scheduled for December 26, 2024. Halliburton, established in 1919, continues its role as a leading provider of products and services to the energy industry, focusing on innovative technologies and sustainable energy solutions.
Halliburton Company (NYSE: HAL) announced the opening of new facilities in Namibia across four locations: Windhoek, Walvis Bay, Swakopmund, and Lüderitz, with a combined area of 20,000 m². The facilities will provide various services including cementing, drilling fluids, well completions, testing, and wireline operations. The expansion aims to deliver advanced technologies such as oilfield automation and remote operations to Namibia's energy sector. The company plans to employ up to 200 Namibians, supporting local job creation and economic development while operating closer to customers.
Halliburton (HAL) reported third quarter 2024 results with net income of $571 million, or $0.65 per diluted share. Total revenue was $5.7 billion, down from $5.8 billion in Q2 2024. Operating income reached $871 million, with adjusted operating income of $987 million. The company experienced a $0.02 per share impact from cybersecurity events and Gulf storms. Completion and Production revenue decreased 3% to $3.3 billion, while Drilling and Evaluation revenue remained flat at $2.4 billion. North America revenue declined 4% to $2.4 billion, while International revenue stayed flat at $3.3 billion.
Halliburton Company (NYSE: HAL) has announced its upcoming third quarter 2024 earnings conference call, scheduled for Thursday, November 7, 2024, at 8:00 a.m. CT (9:00 a.m. ET). The company will release its financial results prior to the call, with the press release to be posted on the Halliburton website. Investors and interested parties can access the live webcast and a recorded version of the call on the company's website. Pre-registration for the conference call is available, providing dial-in numbers and passcodes to participants.
Halliburton, founded in 1919, is a leading provider of products and services to the energy industry, focusing on innovative technologies that help customers maximize value throughout an asset's lifecycle while advancing sustainable energy solutions.
Halliburton Company (NYSE: HAL) has announced a 2024 third quarter dividend of $0.17 per share on its common stock. The dividend will be payable on September 25, 2024, to shareholders of record at the close of business on September 4, 2024. Halliburton, founded in 1919, is a leading provider of products and services to the energy industry. The company focuses on creating innovative technologies, products, and services that help customers maximize value throughout an asset's life cycle while advancing sustainable energy solutions.
Halliburton (NYSE: HAL) has secured a significant multi-year contract with Petrobras for integrated well interventions and plug and abandonment services in offshore Brazil. The contract, set to commence in Q2 2025, encompasses a comprehensive range of services including fluids, completion equipment, wireline, slickline, flowback services, and coiled tubing. Halliburton will coordinate these services through its project management service line to ensure efficient execution.
This agreement covers nearly two-thirds of all interventions and plug and abandonment work for Petrobras, solidifying Halliburton's strategic position in the Brazilian market. CEO Jeff Miller emphasized the company's ability to engineer solutions that maximize asset value for Petrobras, highlighting Halliburton's offshore well intervention capabilities in optimizing production, extending well life, reducing costs, and accessing challenging reserves.
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