STOCK TITAN

Halliburton - HAL STOCK NEWS

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.

Company Overview

Halliburton Co., founded in 1919, is one of the world’s most established providers of products and services to the energy industry. Specializing in integrated oilfield services, the company addresses critical challenges faced by oil and gas producers from reservoir discovery through to well completion and production optimization. With a foundation built on a century of operational expertise, Halliburton has honed its technical capabilities in hydraulic fracturing, directional drilling, and completions, making it a central player in the upstream energy value chain.

Core Business Areas

Halliburton’s service portfolio is extensive and spans every phase of the reservoir lifecycle. The company provides specialized services such as:

  • Reservoir Evaluation: Leveraging advanced geological and geophysical techniques to identify and assess hydrocarbon deposits.
  • Drilling Services: Offering comprehensive drilling solutions that ensure efficient and safe well construction.
  • Well Completions and Fracturing: Utilizing innovative hydraulic fracturing practices and completions fluids to optimize well performance.
  • Directional Drilling: Deploying precision drilling technologies that enable complex well designs and enhanced reservoir access.
  • Material Science and Fluids: Developing specialized fluids and materials that improve drilling performance and prolong asset life.

Operational Excellence

At its core, Halliburton is driven by a commitment to operational excellence and technical innovation. The company’s methodologies have been refined over decades, ensuring that each project is executed with a focus on safety, efficiency, and quality. Expertise in material science and the application of cutting-edge technologies in field operations has allowed Halliburton to help reduce development costs per barrel of oil equivalent, thereby delivering reliable support to energy producers.

Technological Innovation

Innovation is embedded in Halliburton’s business model. The firm continuously develops and applies new techniques in hydraulic fracturing, completions, and directional drilling. Its focus on integrating advanced data analysis and precise engineering methods has resulted in improved resource extraction efficiency and operational reliability. By investing in research and development, Halliburton ensures that its services remain at the forefront of technological advances in the oilfield services sector.

Market and Competitive Position

Halliburton occupies a significant position in the global energy services market, particularly in North America. Its established expertise in hydraulic fracturing and completions plays a critical role in its competitive differentiation. While the market includes various competitors with strengths in specific segments such as reservoir evaluation, Halliburton distinguishes itself by offering a comprehensive suite of services from the reservoir to the wellbore. Through continuous process improvements and technical innovation, the company has maintained a robust market share despite sector fragmentation.

Expertise and Industry Impact

Drawing on decades of hands-on field experience and technological advancement, Halliburton has become synonymous with reliability and technical depth within the energy industry. The company’s integrated approach to managing the complexities of the upstream lifecycle has had a lasting impact on lowering production costs and enhancing operational efficiencies. Its deep reservoir knowledge and commitment to developing advanced drilling and fracturing solutions underline its role as an essential partner for oil and gas operators globally.

Commitment to Quality and Efficiency

The hallmark of Halliburton’s approach is its sustained commitment to quality, safety, and operational efficiency. Every phase, from geological data management and formation evaluation to well construction and production optimization, is supported by robust technical processes and stringent quality controls. This meticulous attention to detail ensures that each solution is tailored to the specific challenges of the field, reinforcing the company’s reputation for technical competence and consistent performance.

Understanding the Value Proposition

For energy producers, Halliburton represents a strategic partner capable of delivering comprehensive services that enhance production outcomes while managing operational risks. The company’s multidisciplinary expertise not only addresses technical challenges but also provides the insights necessary for effective decision-making across the complex oil and gas value chain. With an emphasis on integrated solutions and advanced technological implementations, Halliburton continues to set benchmarks in the oilfield services industry.

Rhea-AI Summary

Halliburton Company (NYSE: HAL) held its annual shareholder meeting on May 18, 2022, in Houston, Texas. All eleven board nominees were elected, and KPMG LLP was ratified as the independent public accountants for 2022. However, an advisory resolution on executive compensation did not receive shareholder approval. Following the meeting, the board declared a second-quarter dividend of $0.12 per share, payable on June 22, 2022, to shareholders of record by June 1, 2022. The company emphasizes its commitment to performance-driven compensation and shareholder engagement.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.77%
Tags
dividends
-
Rhea-AI Summary

Halliburton Company (NYSE: HAL) has announced significant executive leadership changes. Lance Loeffler, previously CFO, will now become Senior Vice President for the Middle East North Africa (MENA) region. Eric Carre, who has over 30 years of experience at Halliburton, will take over as CFO. Chairman Jeff Miller emphasized the continuity in financial strategy despite the changes, highlighting Carre's operational experience and established relationships within the company. This transition aims to bolster leadership and operational strengths within the organization.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.95%
Tags
management
-
Rhea-AI Summary

Halliburton Company (NYSE: HAL) reported a net income of $263 million, or $0.29 per diluted share, for Q1 2022, up from $170 million, or $0.19 per diluted share, in Q1 2021. Total revenue rose to $4.3 billion, a 24% increase from $3.5 billion. Adjusted net income was $314 million ($0.35 per share), and adjusted operating income was $533 million. The Completion and Production segment saw a revenue increase of 26%, while Drilling and Evaluation grew by 22%. Halliburton faced a $22 million pre-tax charge due to asset write-downs in Ukraine and a $42 million loss from debt redemption.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.79%
Tags
none
Rhea-AI Summary

Halliburton Company (NYSE: HAL) announced a collaboration with Energean to conduct a carbon storage potential study for the Prinos basin in Greece. The study will involve long-term plume modeling and a conceptual development plan using Halliburton's DecisionSpace 365® cloud applications. This partnership marks the first end-to-end carbon capture and storage evaluation collaboration between an operator and energy service provider in Europe. The project could accommodate emissions equivalent to the Greek manufacturing sector for a decade starting 2025, demonstrating a commitment to energy transition.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.64%
Tags
none
-
Rhea-AI Summary

Halliburton Company (NYSE: HAL) announced the immediate suspension of business operations in Russia due to complying with sanctions against state-owned customers. The company halted shipments of specific sanctioned parts and has no active joint ventures in the region. CEO Jeff Miller emphasized the importance of employee safety and compliance with sanctions, while acknowledging the tragic impact of the Ukraine war on employees and their families.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.27%
Tags
none
-
Rhea-AI Summary

Halliburton Labs announces the addition of three companies—Chemergy, EVA, and Novamera—to its industrial scaling program aimed at advancing cleaner energy solutions. The selected companies will benefit from Halliburton Labs' technical expertise, industrial capabilities, and global network. Chemergy focuses on converting waste into green hydrogen, EVA develops drone infrastructure for global operations, and Novamera specializes in sustainable mining technologies. Halliburton Labs aims to accelerate these companies by providing mentorship and resources to achieve strategic milestones efficiently.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.56%
Tags
none
Rhea-AI Summary

Halliburton Company (NYSE: HAL) announced the contract awarded by Petrobel, a joint venture of ENI and the Egyptian General Petroleum Corporation, to implement the iEnergy® Stack. This cloud solution aims to enhance digital transformation and streamline petrotechnical software applications, thereby reducing total ownership costs. The iEnergy® Stack is built to accelerate workflows with large datasets and supports collaborative exploration and production (E&P) processes. The initiative marks a significant step in Petrobel's journey towards improved efficiency.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-5.22%
Tags
none
-
Rhea-AI Summary

Halliburton Company (NYSE: HAL) will hold a conference call on April 19, 2022, at 8:00 AM CT to discuss its Q1 2022 financial results. The earnings press release will be available on the company’s website before the call. Investors can pre-register for the call to obtain dial-in details. A replay will be available on the website until April 26, 2022, along with a telephone replay option. Halliburton continues to provide essential services to the energy industry globally.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.28%
Tags
-
Rhea-AI Summary

Halliburton Company (NYSE: HAL) has inaugurated its first chemical reaction plant in Saudi Arabia, enhancing its manufacturing capabilities in the region. This facility will produce a wide range of specialty chemicals for the oil and gas industry and other sectors, supporting Halliburton’s commitment of over $1 billion to Saudi Arabia over the past decade. The plant aims to boost local supply chain partnerships and advance research in oilfield stimulation and industrial water treatment, further integrating Halliburton into the Kingdom's downstream initiatives.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.55%
Tags
none
Rhea-AI Summary

Halliburton Company (NYSE: HAL) will hold its annual meeting of shareholders on May 18, 2022, at 9:00 a.m. Central Daylight Time at its headquarters in Houston, Texas. The record date to determine shareholders eligible to vote is set for March 21, 2022. Established in 1919, Halliburton is a leading provider of energy industry products and services, employing around 40,000 people across 70 countries.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.37%
Tags
none

FAQ

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

The current stock price of Halliburton (HAL) is $19.98 as of April 4, 2025.

What is the market cap of Halliburton (HAL)?

The market cap of Halliburton (HAL) is approximately 18.1B.

What are the primary services provided by Halliburton?

Halliburton offers a comprehensive suite of oilfield services, including reservoir evaluation, drilling services, well completions, hydraulic fracturing, and directional drilling. Its integrated approach covers every phase of the upstream oil and gas lifecycle.

How does Halliburton differentiate itself in the energy services market?

Halliburton’s differentiation lies in its century-long experience, integrated service offerings, and pioneering use of advanced technologies such as hydraulic fracturing and directional drilling, which enhance operational efficiency for producers.

What role does technological innovation play at Halliburton?

Technological innovation is a cornerstone of Halliburton’s business model. The company continuously invests in research and development to implement advanced drilling techniques, improve material science solutions, and optimize production processes.

How does Halliburton support operational efficiency for its clients?

Halliburton supports operational efficiency by leveraging decades of field experience, deploying precise engineering methods, and utilizing advanced data analytics. This approach helps optimize well construction and lower development costs.

Which segments of the oil and gas value chain are covered by Halliburton?

Halliburton’s services span the entire upstream oil and gas value chain, from locating hydrocarbon reserves and managing geological data to drilling, well completions, and production optimization.

How does Halliburton maintain a competitive market position?

The company maintains its competitive edge through continuous innovation, a broad service portfolio, and expert operational execution. This integrated approach enables it to effectively respond to the diverse needs of global energy producers.

What industries benefit most from Halliburton's services?

Halliburton primarily serves the upstream oil and gas industry, offering critical support to energy producers engaged in exploration, drilling, and production. Its services are essential for operators looking to optimize resource extraction.

How does Halliburton address complex field challenges?

By combining technical expertise with advanced engineering solutions, Halliburton effectively addresses complex field challenges. Its comprehensive service offerings and robust quality controls enable tailored solutions for diverse operational environments.
Halliburton

NYSE:HAL

HAL Rankings

HAL Stock Data

18.14B
857.42M
0.54%
86.65%
2.36%
Oil & Gas Equipment & Services
Oil & Gas Field Services, Nec
Link
United States
HOUSTON