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.
Halliburton Company (HAL) provides essential oilfield services and technological solutions to the global energy industry. This news hub offers investors and industry professionals direct access to official press releases, operational updates, and strategic developments from one of the world's most established energy service providers.
Track critical updates including quarterly earnings reports, technological advancements in hydraulic fracturing and directional drilling, strategic partnerships, and leadership announcements. Our curated collection ensures timely access to information that impacts Halliburton's market position and the broader oilfield services sector.
Key content categories include financial disclosures, innovation milestones in material science and drilling technologies, contract awards with energy producers, and sustainability initiatives. All materials are sourced directly from verified corporate communications to maintain accuracy and compliance.
Bookmark this page for streamlined access to Halliburton's latest developments. Combine these updates with fundamental analysis tools available on Stock Titan to inform your energy sector research.
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.
Halliburton (NYSE: HAL) and Accenture (NYSE: ACN) announced a partnership to enhance Halliburton's digital supply chain transformation and manufacturing processes. This initiative, starting in 2021, will implement a global hub-and-spoke supply chain model, utilizing advanced analytics and business intelligence tools to boost service levels and operational efficiency. Key objectives include real-time supply chain visibility, automated procurement processes, and improved productivity. The collaboration aims to leverage Accenture's SynOps platform, optimizing Halliburton's digital capabilities for better alignment with market needs.
Halliburton Company (NYSE: HAL) will host a conference call on January 19, 2021, at 8:00 AM CT to discuss its fourth quarter 2020 financial results. A press release detailing the earnings will be available prior to the call on the company's website. Participants can join the call via a live webcast or by dialing the provided numbers. A replay will be accessible on the website until January 26, 2021 and by telephone using a designated passcode.
Halliburton Company (NYSE: HAL) has committed to setting science-based targets to reduce greenhouse gas emissions. The company submitted a commitment letter to the Science Based Targets initiative, aligning with climate science goals outlined in the Paris Accord. Halliburton plans to submit specific targets for validation by 2022, joining over 1,000 companies in this commitment. CEO Jeff Miller emphasized the company's role in innovating and providing affordable energy while addressing climate change.
