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 (NYSE: HAL) has entered a contract with Petrobras allowing access to the Landmark iEnergy® digital platform. This platform will aid Petrobras in addressing subsurface challenges and supports their exploration and production strategies. The contract includes the DecisionSpace® 365 Geoscience Suite, which offers cloud-based technologies, including Seismic Engine and Assisted Lithology Interpretation, optimizing their data utilization. According to Halliburton, utilizing the iEnergy platform will enhance user experience and reduce the Total Cost of Ownership for Petrobras.
Halliburton Company (NYSE: HAL) announced that Hess Corporation (NYSE: HES) selected its DecisionSpace® 365 Well Construction applications, powered by iEnergy® Hybrid Cloud, for more efficient well planning and construction. The applications create a digital twin of the well construction process, enabling real-time collaboration between operators and service providers. Hess aims to enhance operational performance sustainably while reducing costs. Halliburton's technology integrates artificial intelligence and machine learning for better oversight across the well construction lifecycle.
Halliburton Company (NYSE: HAL) will hold a conference call on April 25, 2023, at 8 a.m. CT to discuss its Q1 2023 financial results. A press release with the earnings details will be made available before the call on the Halliburton website. Interested parties can listen live via webcast or access a recorded version post-call. Halliburton specializes in providing innovative products and services for the energy industry, enhancing asset value and promoting a sustainable energy future. For more details, visit www.halliburton.com.
Halliburton Company (NYSE: HAL) has announced the promotion of Shannon Slocum to president of the Eastern Hemisphere, effective immediately. He succeeds Joe Rainey, who is retiring but will continue as a senior advisor. Slocum, who joined Halliburton in 2005, previously led global business development and has held various leadership roles globally. His extensive experience and strong customer relationships are expected to contribute positively to the company's strategy in the Eastern Hemisphere. Rainey's 45-year tenure is recognized for exceptional leadership and commitment to customer service.
Halliburton Company (NYSE: HAL) has announced that its annual meeting of shareholders will be held on May 17, 2023, at 9 a.m. CDT, at its Houston headquarters. Shareholders must be on record by March 20, 2023, to vote at the meeting. Halliburton is a prominent provider of energy industry products and services. Founded in 1919, the company focuses on innovative technologies to enhance asset value and promote a sustainable energy future.
Halliburton Company (NYSE: HAL) and Siguler Guff & Company, LP have launched Envana Software Partners, LLC, focusing on emissions management solutions. The Envana™ software suite offers software-as-a-service (SaaS) tools to track greenhouse gas emissions in the oil and gas sector, enhancing transparency and providing actionable data for reducing carbon footprints. The first product, Envana Catalyst, improves emissions tracking through customizable methodologies. This initiative represents a significant step towards sustainability in energy operations and is supported by Halliburton Landmark for sales and integration.
Halliburton Company (NYSE: HAL) has announced the appointment of Janet Weiss and Maurice Smith to its board of directors, effective February 21. They will stand for election by shareholders at the annual meeting on May 17. Janet Weiss brings extensive experience from her 35-year career in the oil and gas industry, notably as president of BP Alaska. Maurice Smith, currently the CEO of Health Care Service Corporation, contributes deep expertise in corporate strategy and financial operations. Together, they increase Halliburton's board to 13 members, with 12 being independent, enhancing leadership and operational insights.
Halliburton Company (NYSE: HAL) reported a net income of $656 million, or $0.72 per diluted share, for Q4 2022, up from $544 million in Q3 2022. The company's total revenue for Q4 was $5.6 billion, a slight increase from $5.4 billion in Q3. For the full year, revenue reached $20.3 billion, marking a 33% year-over-year increase. Operating income rose 50% year-over-year to $2.7 billion. The board declared a 33% increase in the quarterly dividend to $0.16 per share, payable on March 29, 2023. Halliburton's strategic focus on capital efficiency and profitable growth positions it for continued success.
Halliburton Labs has welcomed Matrix Sensors, Renew Power Systems (RPSi), and SunGreenH2 into its clean energy accelerator, aiming to foster innovation in sustainable energy. The program provides essential resources and expertise to help these startups achieve their commercialization goals more efficiently. Matrix Sensors develops advanced gas sensors while RPSi focuses on integrating renewable energy with grid systems. SunGreenH2 specializes in high-performance electrolyzer systems for green hydrogen production, enhancing energy sustainability. Their participation reflects Halliburton's commitment to clean energy solutions.
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