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) declared a $0.12 per share dividend for the fourth quarter of 2022, payable on December 21, 2022. This dividend is set for shareholders on record as of December 8, 2022. Established in 1919, Halliburton provides leading products and services to the energy sector, focusing on innovative technologies to enhance asset value and support a sustainable energy future.
Halliburton Company (NYSE: HAL) showcased innovative technologies and sustainable solutions at the Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC). CEO Jeff Miller participated in a strategic panel on November 1, discussing the industry’s commitment to decarbonization while meeting global energy demand. New products include the BrightStar® service for enhanced drilling performance, the FloConnect® automation platform for safer operations, and the NeoCem™ E+ and EnviraCem™ systems that reduce carbon emissions in cementing processes.
Halliburton Company (NYSE: HAL) reported a net income of $544 million, or $0.60 per diluted share, for Q3 2022, a significant increase from $109 million in Q2 2022. Revenue climbed 39% year-over-year to $5.4 billion, with a 16% operating margin, up 393 basis points. Operating income also rose to $846 million, driven by strong performance in both North America and International markets. The company redeemed $600 million of senior notes and exited its Russia operations. Halliburton anticipates continued growth in global activity and is focused on maximizing shareholder returns.
Halliburton Company (NYSE: HAL) has launched the Halliburton Digital Well Program and Digital Well Operation DecisionSpace® 365 solutions for PETRONAS' Integrated Operation. This initiative concludes a two-year technology evaluation. The Digital Well Program allows rapid generation of feasible drilling programs and enhances engineering workflows, boosting efficiency. The solutions provide a unified platform for project management from well planning to delivery, ensuring all changes are automatically updated across the organization.
Halliburton Company (NYSE: HAL) has successfully completed the sale of its operations in Russia to a management team formed by former Halliburton employees. Following this transaction, Halliburton will cease all operations in Russia. The new entity, operating under the name BurService LLC, is now fully independent of Halliburton and manages the former business and assets in Russia.
Halliburton Company (NYSE: HAL) is set to host a conference call on
Halliburton Company (NYSE: HAL) has announced the redemption of its entire outstanding principal amount of 3.50% Senior Notes due 2023, totaling $600,061,000. The redemption date is set for September 25, 2022. The redemption price will be based on the greater of the principal amount or the present value of remaining payments, plus accrued interest. Halliburton will utilize cash on hand for this transaction. The notice of redemption has been communicated to registered holders of the Notes by The Bank of New York Mellon Trust Company, N.A.
Halliburton Labs has announced the selection of three companies—AW-Energy, RedShift Energy, and Renkube—for its industrial scaling program focused on clean energy innovations. These companies will benefit from Halliburton’s technical expertise, mentorship, and resources to advance their projects. AW-Energy aims to harness ocean wave energy, RedShift focuses on producing hydrogen from hydrogen sulfide, and Renkube develops innovative glass technology for solar energy. This initiative aligns with Halliburton’s commitment to supporting cleaner, affordable energy solutions.
Halliburton Company (NYSE: HAL) has announced a third quarter dividend of $0.12 per share, payable on September 28, 2022, to shareholders of record as of September 7, 2022. This decision reflects the company's ongoing commitment to returning value to its shareholders. Founded in 1919, Halliburton is a leading provider of products and services for the energy industry, employing around 40,000 people worldwide.
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