Halliburton Stock Price, News & Analysis

Halliburton Company (NYSE: HAL) has announced the redemption of its entire outstanding principal amount of 3.50% Senior Notes due 2023, totaling $600,061,000. The redemption date is set for September 25, 2022. The redemption price will be based on the greater of the principal amount or the present value of remaining payments, plus accrued interest. Halliburton will utilize cash on hand for this transaction. The notice of redemption has been communicated to registered holders of the Notes by The Bank of New York Mellon Trust Company, N.A.

Halliburton Labs has announced the selection of three companies—AW-Energy, RedShift Energy, and Renkube—for its industrial scaling program focused on clean energy innovations. These companies will benefit from Halliburton’s technical expertise, mentorship, and resources to advance their projects. AW-Energy aims to harness ocean wave energy, RedShift focuses on producing hydrogen from hydrogen sulfide, and Renkube develops innovative glass technology for solar energy. This initiative aligns with Halliburton’s commitment to supporting cleaner, affordable energy solutions.

Halliburton Company (NYSE: HAL) has announced a third quarter dividend of $0.12 per share, payable on September 28, 2022, to shareholders of record as of September 7, 2022. This decision reflects the company's ongoing commitment to returning value to its shareholders. Founded in 1919, Halliburton is a leading provider of products and services for the energy industry, employing around 40,000 people worldwide.

Halliburton Company (NYSE: HAL) reported a net income of $109 million, or $0.12 per diluted share, for Q2 2022, down from $263 million or $0.29 per diluted share in Q1 2022. Adjusted net income rose to $442 million, or $0.49 per diluted share, up from $314 million or $0.35 in Q1. Total revenue surged 18%, reaching $5.1 billion, with notable increases in Completion and Production revenue, which grew 24%. However, a pre-tax charge of $344 million due to exiting Russia impacted results. Halliburton's future looks promising, driven by strong performance in both North American and international markets.

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.