Halliburton Stock Price, News & Analysis

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.

Halliburton Company (NYSE: HAL) has declared a fourth quarter dividend of $0.045 per share, payable on December 22, 2021, to shareholders recorded by December 9, 2021. This dividend reflects the company's commitment to returning value to its shareholders amid ongoing operations in the energy sector. Founded in 1919, Halliburton operates in over 70 countries, employing around 40,000 personnel. The company specializes in maximizing value throughout the lifecycle of energy reservoirs.

Halliburton Labs has selected four companies—Helix Power, Icarus RT, SolvCor, and Strayos—to participate in its industrial scaling program. This initiative aims to advance cleaner and affordable energy by providing these startups with access to technical expertise, mentorship, and industrial capabilities. Helix Power focuses on flywheel energy storage, Icarus RT develops solar power-enhancing technologies, SolvCor improves cooling systems with patented liquid technology, and Strayos utilizes AI to enhance mining efficiency. This collaboration enhances their potential for commercial success.

Halliburton (NYSE: HAL) has signed an agreement with Teck Resources Limited (NYSE: TECK) to provide access to Neftex® Predictions, enhancing Teck's global mineral exploration capabilities. The Neftex® Predictions platform delivers comprehensive geological frameworks for subsurface evaluation, thereby increasing exploration accuracy and reducing risks. Teck, a major Canadian mining firm, focuses on sustainable mining of copper, zinc, and coal, alongside energy investments across North America and South America.

Halliburton Company has announced the successful deployment of Landmark’s Digital Well Program® for BP’s Well Design Optimizer. This solution automates the well planning process, enhancing design optimization for placement and production. The Digital Well Program integrates planning and design into a single platform, streamlining workflows and increasing efficiency. The project aims to significantly reduce planning time and design cycles, ultimately improving well design accuracy and delivery.

Halliburton Company (NYSE: HAL) reported a net income of $236 million for Q3 2021, equating to $0.26 per diluted share, consistent with Q2 2021. Adjusted net income was $248 million, or $0.28 per diluted share. Total revenues reached $3.9 billion, up from $3.7 billion in Q2 2021. Operating income rose to $446 million. Notably, free cash flow increased to $469 million, with a cash balance of $2.6 billion. The company's strategic positioning aims to benefit from global commodity tightness, supported by improved operational metrics across its divisions.

Halliburton (NYSE: HAL) has secured an integrated services contract to undertake a drilling campaign for Energean in the Eastern Mediterranean, encompassing three firm and two optional wells. This collaboration follows a successful previous campaign in the Karish gas fields. Halliburton will provide a range of services including project management, directional drilling, and completion services, leveraging advanced technologies like StrataXaminer™ and iCruise®. This partnership aims to optimize well delivery and enhance production capabilities.