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Halliburton Company - HAL STOCK NEWS

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.

News

Nabors Announces Fourth Quarter 2023 Results

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Nabors Industries Ltd. reported a net loss of $17 million in Q4 2023, compared to a loss of $49 million in Q3. Operating revenues for the full year 2023 were $3.0 billion, a 13% increase from the prior year. Adjusted EBITDA for 2023 was $915 million, a 29% year-on-year growth. The company's segments, including Nabors Drilling Solutions and Rig Technologies, also saw positive growth. The company announced collaborations and business combinations, showing promising future prospects.
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Halliburton Announces Fourth Quarter 2023 Results and Increases Dividend

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Halliburton (HAL) reported net income of $0.74 per diluted share and adjusted net income of $0.86, excluding losses in Argentina. The company's revenue was $5.7 billion with an operating margin of 18%. Cash flow from operations was $1.4 billion, and free cash flow was $1.1 billion. The 2024 first quarter dividend increased by $0.01 per share to $0.17 per share. Total revenue for the full year of 2023 was $23.0 billion, an increase of 13% from 2022. Operating income for 2023 was $4.1 billion, compared to 2022 operating income of $2.7 billion. Halliburton's Chairman, President, and CEO, Jeff Miller, expressed satisfaction with the company's performance, stating that both divisions achieved their highest operating margins in over a decade.
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Halliburton Named to the Dow Jones Sustainability Indices for Third Consecutive Year

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Halliburton Company (HAL) has been named to the 2023 Dow Jones Sustainability Indices (DJSI) for the third consecutive year. The company was recognized as a sector leader in Transparency & Reporting and Resource Efficiency & Circularity. Halliburton's commitment to sustainability leadership has been acknowledged by the DJSI, reflecting the company's dedication to meeting global energy demand while advancing a more sustainable energy future.
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Halliburton Labs Welcomes Seven New Companies

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Halliburton Labs (HAL) welcomes Airovation Technologies, Ayrton Energy, Cache Energy, CENS, Disa Technologies, Marel Power Solutions, and XtraLit as the newest participants in its collaborative environment. The company aims to accelerate energy and climate innovation by providing expertise, connections, and facilities to help early-stage companies achieve strategic scaling milestones.
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Libra Consortium and Halliburton Landmark Collaborate to Develop Field Digital Twin

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Halliburton Company (HAL) partners with Libra Consortium, led by Petrobras, to develop a digital twin for a pre-salt field system in Brazil. The digital twin aims to reduce capital expenditures, accelerate production times, and improve crude oil recovery rate. This will be achieved through real-time insights and 'what if' scenarios to optimize operational predictability and field development.
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Halliburton Fourth Quarter 2023 Earnings Conference Call

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Halliburton Company (NYSE: HAL) to Host Conference Call to Discuss Fourth Quarter 2023 Financial Results
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Halliburton Announces Dividend

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Halliburton Company (NYSE: HAL) Declares $0.16 Per Share Dividend for Q4 2023
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OCOchem Raises $5 Million in Seed Funding Led by TO VC

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OCOchem (IPXHF.NaE) raises $5 million in Seed funding to commercialize its proprietary carbon conversion technology, aiming to produce sustainable platform molecules for various industries. The company's innovation converts CO2 and water into formic acid and formate chemicals, offering a more sustainable and affordable alternative to fossil fuel-based hydrocarbons. OCOchem plans to use the funds to scale its technology and build a pilot plant for commercial demonstration operations.
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Halliburton Charitable Foundation Celebrates 30-Year Milestone

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Halliburton Charity Golf Tournament (HCGT) Raises Over $30 Million for Nonprofit Organizations in 30-Year History
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Halliburton and Sekal Enter Agreement to Deliver Leading Well Construction Automation Solutions

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Halliburton (NYSE: HAL) and Sekal AS have entered an agreement to jointly provide well construction automation solutions, aiming to deliver fully automated drilling operations. The collaboration incorporates Halliburton's digital solutions and Sekal's DrillTronics automation platform, with a focus on end-to-end automation from planning to execution.
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FAQ

What is the current stock price of Halliburton Company (HAL)?

The current stock price of Halliburton Company (HAL) is $25.97 as of December 20, 2024.

What is the market cap of Halliburton Company (HAL)?

The market cap of Halliburton Company (HAL) is approximately 22.9B.

What does Halliburton Company do?

Halliburton provides a wide range of products and services to the upstream oil and gas industry, from locating hydrocarbons to optimizing production.

When was Halliburton founded?

Halliburton was founded in 1919.

How many employees does Halliburton have?

Halliburton employs approximately 65,000 people.

In how many countries does Halliburton operate?

Halliburton operates in around 80 countries.

What are some of Halliburton's core business lines?

Halliburton excels in completion fluids, wireline services, cementing, and hydraulic fracturing.

What is Halliburton's significance in hydraulic fracturing?

Halliburton has been a leading innovator in hydraulic fracturing over the past two decades.

What financial measures does Halliburton use to evaluate performance?

Halliburton uses metrics such as adjusted EBITDA, adjusted operating income, and adjusted free cash flow.

Where can I find the latest news about Halliburton?

The latest news and updates about Halliburton can be found on their official website at www.halliburton.com.

Who are the primary users of Halliburton's products and services?

Halliburton's products and services are primarily used by companies in the upstream oil and gas industry.

What is Halliburton's role in the global energy sector?

Halliburton is one of the three largest oilfield service firms globally, offering comprehensive solutions throughout the lifecycle of a reservoir.

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Halliburton Company

NYSE:HAL

HAL Rankings

#481 Ranked by Market Cap
#1197 Ranked by Dividends

HAL Stock Data

22.90B
874.40M
0.45%
86.25%
2.51%
Oil & Gas Equipment & Services
Oil & Gas Field Services, Nec
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United States of America
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