Welcome to our dedicated page for Halliburton news (Ticker: HAL), a resource for investors and traders seeking the latest updates and insights on Halliburton stock.
Company Overview
Halliburton Co., founded in 1919, is one of the world’s most established providers of products and services to the energy industry. Specializing in integrated oilfield services, the company addresses critical challenges faced by oil and gas producers from reservoir discovery through to well completion and production optimization. With a foundation built on a century of operational expertise, Halliburton has honed its technical capabilities in hydraulic fracturing, directional drilling, and completions, making it a central player in the upstream energy value chain.
Core Business Areas
Halliburton’s service portfolio is extensive and spans every phase of the reservoir lifecycle. The company provides specialized services such as:
- Reservoir Evaluation: Leveraging advanced geological and geophysical techniques to identify and assess hydrocarbon deposits.
- Drilling Services: Offering comprehensive drilling solutions that ensure efficient and safe well construction.
- Well Completions and Fracturing: Utilizing innovative hydraulic fracturing practices and completions fluids to optimize well performance.
- Directional Drilling: Deploying precision drilling technologies that enable complex well designs and enhanced reservoir access.
- Material Science and Fluids: Developing specialized fluids and materials that improve drilling performance and prolong asset life.
Operational Excellence
At its core, Halliburton is driven by a commitment to operational excellence and technical innovation. The company’s methodologies have been refined over decades, ensuring that each project is executed with a focus on safety, efficiency, and quality. Expertise in material science and the application of cutting-edge technologies in field operations has allowed Halliburton to help reduce development costs per barrel of oil equivalent, thereby delivering reliable support to energy producers.
Technological Innovation
Innovation is embedded in Halliburton’s business model. The firm continuously develops and applies new techniques in hydraulic fracturing, completions, and directional drilling. Its focus on integrating advanced data analysis and precise engineering methods has resulted in improved resource extraction efficiency and operational reliability. By investing in research and development, Halliburton ensures that its services remain at the forefront of technological advances in the oilfield services sector.
Market and Competitive Position
Halliburton occupies a significant position in the global energy services market, particularly in North America. Its established expertise in hydraulic fracturing and completions plays a critical role in its competitive differentiation. While the market includes various competitors with strengths in specific segments such as reservoir evaluation, Halliburton distinguishes itself by offering a comprehensive suite of services from the reservoir to the wellbore. Through continuous process improvements and technical innovation, the company has maintained a robust market share despite sector fragmentation.
Expertise and Industry Impact
Drawing on decades of hands-on field experience and technological advancement, Halliburton has become synonymous with reliability and technical depth within the energy industry. The company’s integrated approach to managing the complexities of the upstream lifecycle has had a lasting impact on lowering production costs and enhancing operational efficiencies. Its deep reservoir knowledge and commitment to developing advanced drilling and fracturing solutions underline its role as an essential partner for oil and gas operators globally.
Commitment to Quality and Efficiency
The hallmark of Halliburton’s approach is its sustained commitment to quality, safety, and operational efficiency. Every phase, from geological data management and formation evaluation to well construction and production optimization, is supported by robust technical processes and stringent quality controls. This meticulous attention to detail ensures that each solution is tailored to the specific challenges of the field, reinforcing the company’s reputation for technical competence and consistent performance.
Understanding the Value Proposition
For energy producers, Halliburton represents a strategic partner capable of delivering comprehensive services that enhance production outcomes while managing operational risks. The company’s multidisciplinary expertise not only addresses technical challenges but also provides the insights necessary for effective decision-making across the complex oil and gas value chain. With an emphasis on integrated solutions and advanced technological implementations, Halliburton continues to set benchmarks in the oilfield services industry.
Halliburton and industry partners hosted Department of Interior Secretary Doug Burgum for a Marcellus shale field visit in Washington County, Pennsylvania. The event showcased modern energy development, featuring Halliburton's Zeus® intelligent electric fracturing platform at a Range Resources site.
The demonstration highlighted how innovation is enhancing domestic supply while reducing emissions and costs. The visit emphasized the importance of smart energy policies to boost American energy production and featured collaboration between AXPC, EQT , Halliburton, and Range Resources.
The event focused on demonstrating how American innovation drives record energy production while supporting job creation and reducing costs for consumers. Industry leaders emphasized the potential for meeting growing energy demand both domestically and internationally, while advancing emissions reduction goals and supporting local communities.
Halliburton (NYSE: HAL) has announced its upcoming first quarter 2025 earnings conference call, scheduled for Tuesday, April 22, 2025, at 8:00 a.m. CT (9:00 a.m. ET). The company will release its Q1 2025 financial results prior to the call.
The earnings call will be accessible via live webcast on the Halliburton website, with a recorded version available for seven days following the conference. Participants can pre-register to obtain dial-in numbers and passcodes for the call.
Halliburton, founded in 1919, is a leading provider of products and services to the energy industry, focusing on innovative technologies that help customers maximize asset value and advance sustainable energy solutions.
Halliburton (NYSE: HAL) and Sekal AS have achieved a significant technological milestone by deploying the world's first automated on-bottom drilling system in the North Sea. The groundbreaking system integrates Halliburton's LOGIX™ automation and remote operations with Sekal's Drilltronics® and rig automation control technology.
The system was successfully implemented for Equinor on the Norwegian Continental Shelf, featuring an integrated closed-loop control solution that enables autonomous directional drilling with automated wellbore hydraulics and dynamic surface drilling rig equipment control. The technology allows for single-button optimization of drilling parameters and precise well placement through real-time advanced models of subsurface, wellbore fluid, and pressure systems.
Halliburton Company (NYSE: HAL) has announced its first quarter dividend for 2025. The company's board of directors has declared a dividend of $0.17 per share on common stock, which will be payable on March 26, 2025. Shareholders must be on record by the close of business on March 5, 2025 to receive this dividend.
Halliburton, founded in 1919, is a leading provider of products and services to the energy industry, focusing on innovative technologies that help customers maximize asset value and advance sustainable energy solutions.
Halliburton (NYSE: HAL) has secured its largest service contract with Petrobras for integrated drilling services across several offshore fields in Brazil. The three-year contract, set to commence in 2025, covers drilling services for both development and exploration wells.
The company will deploy several advanced technologies including:
- iCruise® intelligent rotary steerable system for reduced well time and accurate well placement
- LOGIX™ automation platform for improved well construction performance
- EarthStar® ultra-deep resistivity service for reservoir mapping
- BaraLogix® real-time service for hydraulic optimization
- Cerebro® in-bit sensing and Reservoir Xaminer™ formation testing service
This contract significantly expands Halliburton's drilling services presence in Brazil's pre-salt and post-salt areas.
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.
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