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Halliburton Company - HAL STOCK NEWS

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.

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Halliburton Company (NYSE: HAL) reported strong Q2 2024 results with net income of $709 million, or $0.80 per diluted share. Total revenue was $5.8 billion, flat sequentially, while operating income increased 5% to $1.0 billion. The company generated $1.1 billion in cash flow from operations and $800 million in free cash flow. Halliburton repurchased approximately $250 million of common stock and paid dividends of $0.17 per share.

Internationally, Halliburton saw strong demand and high activity levels across major basins. In North America, the company's strategy continues to deliver strong returns. The Completion and Production segment reported flat revenue but increased operating income, while Drilling and Evaluation segment results remained flat sequentially.

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Halliburton (NYSE: HAL) will host a conference call on July 19, 2024, to discuss its second quarter 2024 financial results. The call will start at 7:30 a.m. CT (8:30 a.m. ET). A press release detailing these results will be issued beforehand and made available on the company's website. The live webcast of the call can be accessed through the Halliburton website, with a recorded version available for seven days post-call. Halliburton is a global leader in energy services, providing innovative technologies to maximize customer value throughout the asset life cycle and promote a sustainable energy future.

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Halliburton (NYSE: HAL) has entered into a license agreement with Wintershall Dea to use Halliburton Landmark’s new Unified Ensemble Modeling (UEM) solution. This innovative technology integrates static and dynamic data in real time to enhance the accuracy of reservoir models. UEM will first be implemented in Norway’s Maria Offshore Field, facilitating continuous risk assessment and optimization of drilling operations. This approach aims to boost drilling efficiency, reduce costs, and improve safety. The partnership underscores Halliburton's commitment to providing cutting-edge solutions for real-time decision-making in the oil and gas industry.

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Halliburton (NYSE: HAL) held its annual shareholder meeting in Houston, Texas, on May 15, 2024. All 12 board nominees were elected, including Abdulaziz F. Al Khayyal and Jeffrey A. Miller. Shareholders ratified KPMG LLP as the principal independent public accountants and approved compensation for executive officers. An amendment to the Stock and Incentive Plan was also passed. CEO Jeff Miller expressed gratitude for shareholder support.

The board declared a Q2 2024 dividend of $0.17 per share, payable June 26, 2024, to shareholders of record on June 5, 2024.

Halliburton, a leading energy industry provider, aims to maximize asset value and foster sustainable energy solutions.

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Halliburton (HAL) has secured a deep water integrated multi-well construction contract with Rhino Resources in Namibia, aiming to maximize asset value and innovation in the oil and gas sector. The collaboration includes exploration and appraisal well construction, testing services, and a focus on localization to benefit the Namibian community.
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Halliburton Company (NYSE: HAL) reported net income of $606 million, or $0.68 per diluted share, for the first quarter of 2024. Adjusted net income was $679 million, or $0.76 per diluted share. Revenue reached $5.8 billion with an operating margin of 17%. The company repurchased $250 million of common stock. Completion and Production revenue was $3.4 billion, while Drilling and Evaluation revenue was $2.4 billion. North America revenue decreased by 8%, while International revenue increased by 12%. Halliburton introduced Reservoir Xaminer™, CorrosaLock™ cement system, and SuperFill™ II diverter to its portfolio.
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NanoTech Materials, Inc. expands its Texas operations by 340% to meet the increased demand for energy-efficient building materials. The company moves into a new 42,545-square-foot facility in Houston to produce Cool Roof Coat, with the capacity to cover over 55 million square feet annually. NanoTech outgrew its initial space at Halliburton Labs and now has a larger facility to support production and research. The company's ICP™ technology aims to reduce energy consumption, carbon emissions, and operating costs in various applications.
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Halliburton (HAL) schedules its annual shareholder meeting on May 15, 2024, at 9 a.m. CDT in Houston, Texas. The record date for voting eligibility is March 18, 2024.
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Halliburton Company (HAL) will host a conference call to discuss its first quarter 2024 financial results on April 23, 2024. The call will start at 8:00 a.m. CT. The press release will be available on the company's website. Investors can listen to the call via live webcast and access a recorded version for seven days.
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Halliburton Labs welcomes Pulakesh Mukherjee, Partner at Imperative Ventures, to its advisory board. Mukherjee's expertise in energy systems and venture capital will enhance collaboration at Halliburton Labs, fostering growth for emerging companies in the energy sector.
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FAQ

What does Halliburton Company do?

Halliburton provides a wide range of products and services to the upstream oil and gas industry, from locating hydrocarbons to optimizing production.

When was Halliburton founded?

Halliburton was founded in 1919.

How many employees does Halliburton have?

Halliburton employs approximately 65,000 people.

In how many countries does Halliburton operate?

Halliburton operates in around 80 countries.

What are some of Halliburton's core business lines?

Halliburton excels in completion fluids, wireline services, cementing, and hydraulic fracturing.

What is Halliburton's significance in hydraulic fracturing?

Halliburton has been a leading innovator in hydraulic fracturing over the past two decades.

What financial measures does Halliburton use to evaluate performance?

Halliburton uses metrics such as adjusted EBITDA, adjusted operating income, and adjusted free cash flow.

Where can I find the latest news about Halliburton?

The latest news and updates about Halliburton can be found on their official website at www.halliburton.com.

Who are the primary users of Halliburton's products and services?

Halliburton's products and services are primarily used by companies in the upstream oil and gas industry.

What is Halliburton's role in the global energy sector?

Halliburton is one of the three largest oilfield service firms globally, offering comprehensive solutions throughout the lifecycle of a reservoir.

Halliburton Company

NYSE:HAL

HAL Rankings

HAL Stock Data

30.45B
885.30M
0.4%
88.07%
2.78%
Support Activities for Oil and Gas Operations
Mining, Quarrying, and Oil and Gas Extraction
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United States of America
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