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 (HAL) provides essential oilfield services and technological solutions to the global energy industry. This news hub offers investors and industry professionals direct access to official press releases, operational updates, and strategic developments from one of the world's most established energy service providers.
Track critical updates including quarterly earnings reports, technological advancements in hydraulic fracturing and directional drilling, strategic partnerships, and leadership announcements. Our curated collection ensures timely access to information that impacts Halliburton's market position and the broader oilfield services sector.
Key content categories include financial disclosures, innovation milestones in material science and drilling technologies, contract awards with energy producers, and sustainability initiatives. All materials are sourced directly from verified corporate communications to maintain accuracy and compliance.
Bookmark this page for streamlined access to Halliburton's latest developments. Combine these updates with fundamental analysis tools available on Stock Titan to inform your energy sector research.
Halliburton Company (NYSE: HAL) will host a conference call on July 19, 2022, at 8:00 AM CT to discuss its Q2 2022 financial results. A press release detailing the earnings will precede the call and will be available on the company’s website. Investors can pre-register for the call to obtain dial-in details and listen to a live webcast. Founded in 1919, Halliburton is a leading provider of products and services to the energy sector, operating in over 70 countries with approximately 40,000 employees.
Halliburton Company (NYSE: HAL) and Aker BP announced a collaboration to develop a new cloud application called Field Development Planning (FDP). This next-generation software aims to transform field development planning by automating data collation and enhancing efficiency in the decision-making process. Built on the OSDU Data Platform, FDP will provide a unified audit trail and improve risk assessment in field development. The partnership strengthens their strategic relationship, focusing on digital transformation and maximizing asset returns.
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.
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.
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.
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.
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.
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.
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.
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.
