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 Company (NYSE: HAL) announced a breakthrough in the Permian Basin with its SmartFleet™ intelligent fracturing system, achieving real-time control of fracture placement on a multi-well pad. This system leverages automation and subsurface measurements, improving fracture performance and completion execution. Major enhancements include reduced fluid usage per stage, longer stage lengths, and a 20% improvement in uniform treatment placement compared to traditional methods. This innovation aims to optimize costs and performance, enhancing asset economics in the energy sector.
Halliburton Labs has opened applications for its accelerator program targeting early-stage clean energy firms, with the deadline set for April 23, 2021. The program aims to support technology entrepreneurs in energy generation, storage, and sustainability, providing resources like technical expertise and a global business network. Selected applicants will pitch for a place in the program during the Halliburton Labs Finalist Pitch Day on May 21, 2021, part of the Houston Tech Rodeo. Halliburton Labs offers a collaborative environment to advance cleaner, affordable energy solutions.
Halliburton Company (NYSE: HAL) will host a conference call on April 21, 2021, at 8:00 AM CT to discuss its Q1 2021 financial results. A press release detailing the earnings will be issued before the call. Investors can listen to the call via live webcast on the company’s website or dial in to participate. A replay will be available until April 28, 2021. Founded in 1919, Halliburton provides a wide range of products and services to the energy industry with operations in over 70 countries.
Halliburton Company (NYSE: HAL) has declared a first-quarter dividend of $0.045 per share, payable on March 24, 2021, to shareholders on record as of March 3, 2021. Additionally, the annual shareholders' meeting is scheduled for May 19, 2021, with a record date of March 22, 2021. Halliburton, established in 1919, is a leading provider of energy industry products and services, employing over 40,000 individuals across 70 countries.
Halliburton Company (NYSE: HAL) has appointed Bhavesh V. (Bob) Patel to its board of directors, effective February 17, 2021. Patel, currently the CEO of LyondellBasell, brings extensive experience in safety and operational excellence. His leadership at LyondellBasell involved significant expansions and acquisitions, particularly in Asia. This addition to the board is anticipated to enhance Halliburton's global operations and strategic growth. Patel's election by stockholders is scheduled for May 19, 2021.
Halliburton Labs has selected its inaugural group of companies, including Enexor BioEnergy, Momentum Technologies, and OCO Inc., to foster innovation in clean energy. These companies will leverage Halliburton's extensive business resources to enhance their offerings. Enexor focuses on transforming waste into renewable energy, Momentum specializes in recovering materials from lithium batteries, and OCO Inc. develops carbon-negative processes for producing zero-carbon chemicals. This initiative aims to address critical energy challenges and supports the participants' growth with operational expertise and access to global networks.
Halliburton Company (NYSE: HAL) has secured a contract with Kuwait Oil Company (KOC) aimed at enhancing KOC’s digital transformation. This collaboration will improve the efficiency of their North Kuwait asset by implementing digital twins to automate work processes. Utilizing Halliburton's DecisionSpace® 365, KOC engineers will optimize production and asset operations through advanced modeling and integration of third-party technologies. This partnership is expected to streamline production planning and enhance operational performance.
Halliburton Company (NYSE: HAL) reported a net loss of $235 million, or $0.27 per diluted share, for Q4 2020, compared to a $17 million net loss in Q3 2020. Adjusted net income rose to $160 million from $100 million sequentially. Total revenue increased by 9% to $3.2 billion in Q4 2020. However, annual revenue fell by 36% to $14.4 billion. The operating loss for 2020 reached $2.4 billion versus $448 million in 2019. CEO Jeff Miller expressed optimism regarding activity trends, particularly in North America, amid efforts to enhance margins and cash flow.
Halliburton (NYSE: HAL) has established a $1 million Business and Engineering Scholarship Fund at Prairie View A&M University (PVAMU), aimed at supporting junior and senior students in Accounting, Management Information Systems, Finance, and Engineering. Chairman and CEO Jeff Miller emphasized the initiative's role in enhancing diversity and building future talent. Scholarships will be awarded alongside mentoring and internship opportunities, fostering student success in engineering and business disciplines.
Halliburton Company (NYSE: HAL) has appointed Van H. Beckwith as executive vice president, secretary, and chief legal officer, succeeding Robb Voyles, who has held the position for seven years. Beckwith joins the Halliburton Executive Committee and will lead the Company's Law Department, Global Communications & Marketing, and Government Affairs. He previously worked at Baker Botts L.L.P. for nearly 30 years, overseeing its Litigation Department. CEO Jeff Miller emphasized Beckwith's extensive legal background and strategic leadership as valuable to the company.
FAQ
What is the current stock price of Halliburton Company (HAL)?
What is the market cap of Halliburton Company (HAL)?
What does Halliburton Company do?
When was Halliburton founded?
How many employees does Halliburton have?
In how many countries does Halliburton operate?
What are some of Halliburton's core business lines?
What is Halliburton's significance in hydraulic fracturing?
What financial measures does Halliburton use to evaluate performance?
Where can I find the latest news about Halliburton?
Who are the primary users of Halliburton's products and services?
What is Halliburton's role in the global energy sector?
