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) reported strong Q2 2024 results with net income of $709 million, or $0.80 per diluted share. Total revenue was $5.8 billion, flat sequentially, while operating income increased 5% to $1.0 billion. The company generated $1.1 billion in cash flow from operations and $800 million in free cash flow. Halliburton repurchased approximately $250 million of common stock and paid dividends of $0.17 per share.
Internationally, Halliburton saw strong demand and high activity levels across major basins. In North America, the company's strategy continues to deliver strong returns. The Completion and Production segment reported flat revenue but increased operating income, while Drilling and Evaluation segment results remained flat sequentially.
Halliburton (NYSE: HAL) will host a conference call on July 19, 2024, to discuss its second quarter 2024 financial results. The call will start at 7:30 a.m. CT (8:30 a.m. ET). A press release detailing these results will be issued beforehand and made available on the company's website. The live webcast of the call can be accessed through the Halliburton website, with a recorded version available for seven days post-call. Halliburton is a global leader in energy services, providing innovative technologies to maximize customer value throughout the asset life cycle and promote a sustainable energy future.
Halliburton (NYSE: HAL) has entered into a license agreement with Wintershall Dea to use Halliburton Landmark’s new Unified Ensemble Modeling (UEM) solution. This innovative technology integrates static and dynamic data in real time to enhance the accuracy of reservoir models. UEM will first be implemented in Norway’s Maria Offshore Field, facilitating continuous risk assessment and optimization of drilling operations. This approach aims to boost drilling efficiency, reduce costs, and improve safety. The partnership underscores Halliburton's commitment to providing cutting-edge solutions for real-time decision-making in the oil and gas industry.
Halliburton (NYSE: HAL) held its annual shareholder meeting in Houston, Texas, on May 15, 2024. All 12 board nominees were elected, including Abdulaziz F. Al Khayyal and Jeffrey A. Miller. Shareholders ratified KPMG LLP as the principal independent public accountants and approved compensation for executive officers. An amendment to the Stock and Incentive Plan was also passed. CEO Jeff Miller expressed gratitude for shareholder support.
The board declared a Q2 2024 dividend of $0.17 per share, payable June 26, 2024, to shareholders of record on June 5, 2024.
Halliburton, a leading energy industry provider, aims to maximize asset value and foster sustainable energy solutions.
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