Halliburton Company - HAL STOCK NEWS

Halliburton Labs has selected four companies—Helix Power, Icarus RT, SolvCor, and Strayos—to participate in its industrial scaling program. This initiative aims to advance cleaner and affordable energy by providing these startups with access to technical expertise, mentorship, and industrial capabilities. Helix Power focuses on flywheel energy storage, Icarus RT develops solar power-enhancing technologies, SolvCor improves cooling systems with patented liquid technology, and Strayos utilizes AI to enhance mining efficiency. This collaboration enhances their potential for commercial success.

Halliburton (NYSE: HAL) has signed an agreement with Teck Resources Limited (NYSE: TECK) to provide access to Neftex® Predictions, enhancing Teck's global mineral exploration capabilities. The Neftex® Predictions platform delivers comprehensive geological frameworks for subsurface evaluation, thereby increasing exploration accuracy and reducing risks. Teck, a major Canadian mining firm, focuses on sustainable mining of copper, zinc, and coal, alongside energy investments across North America and South America.

Halliburton Company has announced the successful deployment of Landmark’s Digital Well Program® for BP’s Well Design Optimizer. This solution automates the well planning process, enhancing design optimization for placement and production. The Digital Well Program integrates planning and design into a single platform, streamlining workflows and increasing efficiency. The project aims to significantly reduce planning time and design cycles, ultimately improving well design accuracy and delivery.

Halliburton Company (NYSE: HAL) reported a net income of $236 million for Q3 2021, equating to $0.26 per diluted share, consistent with Q2 2021. Adjusted net income was $248 million, or $0.28 per diluted share. Total revenues reached $3.9 billion, up from $3.7 billion in Q2 2021. Operating income rose to $446 million. Notably, free cash flow increased to $469 million, with a cash balance of $2.6 billion. The company's strategic positioning aims to benefit from global commodity tightness, supported by improved operational metrics across its divisions.

Halliburton (NYSE: HAL) has secured an integrated services contract to undertake a drilling campaign for Energean in the Eastern Mediterranean, encompassing three firm and two optional wells. This collaboration follows a successful previous campaign in the Karish gas fields. Halliburton will provide a range of services including project management, directional drilling, and completion services, leveraging advanced technologies like StrataXaminer™ and iCruise®. This partnership aims to optimize well delivery and enhance production capabilities.

Halliburton Company (NYSE: HAL) announced that its Chairman, President, and CEO, Jeff Miller, will present at the 2021 Barclays CEO Energy-Power Conference on September 8, 2021, at 8:00 AM Eastern Time. Interested parties can tune in to the live presentation via webcast at www.halliburton.com. A replay will be available for twelve months post-event. Founded in 1919, Halliburton is a leading provider of energy services globally, operating in over 70 countries with approximately 40,000 employees.

Halliburton Company (NYSE: HAL) will hold a conference call on October 19, 2021, at 8:00 AM CT to discuss its Q3 2021 financial results. A press release detailing the earnings will be issued before the call, available on Halliburton's website. Participants can pre-register for the call to obtain dialing details. A replay will be accessible until October 26, 2021, via the website and by phone using passcode 5859585.

Halliburton Company (NYSE: HAL) has declared a third quarter dividend of $0.045 per share on its common stock. The dividend payment will be made on September 22, 2021, to shareholders of record as of the close of business on September 1, 2021. This reflects Halliburton's ongoing commitment to returning value to its shareholders amidst its operations as a major provider in the energy sector.

Halliburton Company (NYSE: HAL) announced the successful implementation of its SmartFleet™ intelligent fracturing system in the Permian Basin, which improves subsurface fracture placement and overall completion execution. Key benefits include a 30% improvement in cluster uniformity, 25% reduction in completion costs, and up to 20% uplift in production. This technology enables real-time control and insights into fracture performance, allowing operators to optimize completions based on dynamic reservoir behavior.