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 (NYSE: HAL) generates a steady flow of news as one of the world’s leading providers of products and services to the energy industry. Founded in 1919, the company regularly issues updates on its operations, technology developments, financial performance, and corporate governance. This news page aggregates those disclosures so readers can follow how Halliburton’s energy services and technology activities evolve over time.
Visitors can expect earnings announcements and conference call details, such as quarterly results furnished on Form 8-K and related press releases that discuss segment performance in Completion and Production and Drilling and Evaluation, regional trends, and capital allocation actions like share repurchases and dividends. Halliburton also publishes news on dividend declarations, highlighting decisions by its board of directors regarding cash returns to shareholders.
Halliburton’s news flow includes technology and contract wins, for example, deepwater framework agreements using ROCS umbilical-less control systems, multi-year stimulation and intelligent completion contracts with Petrobras in Brazil, and awards related to carbon capture and storage projects in northeast England. The company also reports on digital and automation launches such as LOGIX automated geosteering, the Summit Knowledge digital ecosystem, and the Turing electro-hydraulic control system for SmartWell intelligent completions.
Corporate and governance updates appear frequently, including leadership appointments for roles like Executive Vice President and Chief Operating Officer, presidents for the Eastern and Western Hemispheres, and new board members. Halliburton also issues releases on collaborations and investments, such as its strategic collaboration with VoltaGrid and its disclosed minority interest in Voltagrid to support distributed power solutions for data centers. Investors, analysts, and industry observers can use this page to monitor these developments and revisit prior announcements.
Halliburton Company (NYSE: HAL) and Siguler Guff & Company, LP have launched Envana Software Partners, LLC, focusing on emissions management solutions. The Envana™ software suite offers software-as-a-service (SaaS) tools to track greenhouse gas emissions in the oil and gas sector, enhancing transparency and providing actionable data for reducing carbon footprints. The first product, Envana Catalyst, improves emissions tracking through customizable methodologies. This initiative represents a significant step towards sustainability in energy operations and is supported by Halliburton Landmark for sales and integration.
Halliburton Company (NYSE: HAL) has announced the appointment of Janet Weiss and Maurice Smith to its board of directors, effective February 21. They will stand for election by shareholders at the annual meeting on May 17. Janet Weiss brings extensive experience from her 35-year career in the oil and gas industry, notably as president of BP Alaska. Maurice Smith, currently the CEO of Health Care Service Corporation, contributes deep expertise in corporate strategy and financial operations. Together, they increase Halliburton's board to 13 members, with 12 being independent, enhancing leadership and operational insights.
Halliburton Company (NYSE: HAL) reported a net income of $656 million, or $0.72 per diluted share, for Q4 2022, up from $544 million in Q3 2022. The company's total revenue for Q4 was $5.6 billion, a slight increase from $5.4 billion in Q3. For the full year, revenue reached $20.3 billion, marking a 33% year-over-year increase. Operating income rose 50% year-over-year to $2.7 billion. The board declared a 33% increase in the quarterly dividend to $0.16 per share, payable on March 29, 2023. Halliburton's strategic focus on capital efficiency and profitable growth positions it for continued success.
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.
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