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) 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.
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.
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.
Halliburton Company (NYSE: HAL) announced the addition of Ms. Tobi Young and Mr. Earl Cummings to its board of directors, effective February 23, 2022. Both will stand for election at the annual meeting on May 18, 2022. Chairman Jeff Miller stated that their diverse experience in technology, entrepreneurship, and governance will enhance the board's oversight. Young leads global privacy at Cognizant, while Cummings is an entrepreneur with a background in technology and real estate. Their appointments are seen as a move to strengthen Halliburton's leadership in developing new energy products and services.
Halliburton Labs has appointed two new advisory board members: Jennifer Holmgren, CEO of LanzaTech, and Maynard Holt, CEO of Veriten. Their extensive experience in energy systems and innovation aims to enhance Halliburton Labs' mission in supporting early-stage companies striving for cleaner energy solutions. Holmgren has a background in carbon recycling and has received multiple awards, while Holt brings a wealth of expertise from his time in energy investment banking.
Halliburton Company (NYSE: HAL) has announced the redemption of $600 million of its 3.800% Senior Notes due 2025, set for redemption on February 23, 2022. The total outstanding amount of these Notes is approximately $1 billion. The redemption price will be the greater of the principal amount or the present value of scheduled payments, plus accrued interest. The company intends to use cash on hand for this redemption. Notice has been sent to all registered holders of the Notes by the Trustee, The Bank of New York Mellon Trust Company, N.A.
Halliburton Company (NYSE: HAL) reported a net income of $824 million, or $0.92 per diluted share, for Q4 2021, marking a significant increase from the prior quarter. Adjusted net income was $320 million, or $0.36 per diluted share. The company generated $682 million in cash flow from operating activities and $478 million in free cash flow. A dividend of $0.12 per share was declared, payable on March 23, 2022. Total revenue for 2021 reached $15.3 billion, up 6% year-over-year. Halliburton's board displayed confidence through dividend and debt retirement announcements.
Freestone HoldCo has announced a $20 million investment in Momentum Technologies, a Dallas-based company specializing in lithium-ion battery and rare earth permanent magnet recycling. This funding will support Momentum's first two battery recycling plants, utilizing its patented Membrane Solvent Extraction technology, which efficiently extracts high-purity metals from electronic waste. The plants are expected to be operational by the end of 2022, addressing critical metal sourcing challenges as the electric vehicle market expands.
Halliburton Company (NYSE: HAL) will host a conference call on January 24, 2022, at 8:00 AM Central Time, to discuss its fourth quarter 2021 financial results. A press release with earnings information will be issued prior to the call and available on Halliburton's website. Investors can pre-register for the call or access a live webcast. A replay will be available until January 31, 2022, which can be accessed via telephone or online.
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