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 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.
Armada and Halliburton's Landmark (NYSE: HAL) have announced an iEnergy Partner agreement to enhance the capabilities of DecisionSpace365 and other E&P applications at the edge. Armada's full-stack edge computing platform, including the Commander software and Galleon hardware solution, will be integrated with Landmark's solutions to address the growing data needs in remote oil and gas operations.
This collaboration aims to leverage IoT, artificial intelligence, and satellite connectivity to process real-time data, implement automated control algorithms, and improve operational decision-making at the edge. The partnership is expected to enable oil and gas companies to move critical decisions into the process and control loop, potentially improving asset utilization and reliability in remote locations.
Halliburton Labs has welcomed Adena Power to its collaborative environment for energy and climate ventures. Adena Power specializes in energy storage solutions for commercial, industrial, and utility markets using U.S. materials and manufacturing. Their sodium battery technology aims for lower costs, flexible duration, and enhanced safety compared to lithium-ion options. CEO Nathan Cooley highlights a 100 TWh opportunity in the U.S. grid, looking to scale with Halliburton Labs' support. Adena Power has had an impressive year, winning the National Renewable Energy Labs Industry Growth Forum’s People’s Choice Award and the U.S. Department of Energy’s MAKE IT Prize. Halliburton Labs manages the effort to aid early-stage energy tech ventures with its industrial experience and global business network. A Finalists Pitch Day event will be held on September 13, 2024, as part of Houston Energy and Climate Startup Week.
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