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 (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 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.
Halliburton Company (NYSE: HAL) will hold a conference call on January 24, 2023, at 8 a.m. CT to discuss its fourth quarter 2022 financial results. The earnings press release will be shared before the call and will be available on Halliburton's website. Investors can listen through a live webcast, with a recorded version accessible afterward. This call is a significant event for stakeholders, highlighting the company's ongoing performance in the energy sector.
Halliburton Company (NYSE: HAL) has achieved a milestone by installing the first single trip, electro-hydraulic wet connect in deepwater for Petrobras in Brazil. This innovative Fuzion® EH connector enhances the integrity of SmartWell® completion systems, improving well recovery factors and simplifying intervention operations. The company plans to develop a dual trip system version for Petrobras later in 2023. With 1,400 SmartWell systems globally, Halliburton reinforces its leadership in completions technology, emphasizing collaboration with Petrobras and Shell in their Brazilian operations.
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.
FAQ
What is the current stock price of Halliburton (HAL)?
What is the market cap of Halliburton (HAL)?
What does Halliburton Company do?
When was Halliburton founded?
How many employees does Halliburton have?
In how many countries does Halliburton operate?
What are some of Halliburton's core business lines?
What is Halliburton's significance in hydraulic fracturing?
What financial measures does Halliburton use to evaluate performance?
Where can I find the latest news about Halliburton?
Who are the primary users of Halliburton's products and services?
What is Halliburton's role in the global energy sector?
