Halliburton Stock Price, News & Analysis

Halliburton Labs unveiled its second cohort, comprised of four clean energy companies: Alumina Energy, Ionada, Parasanti, and SurgePower Materials. Each company will gain access to Halliburton's industrial capabilities and mentorship to scale their operations. Alumina Energy focuses on zero-carbon solutions, Ionada specializes in modular carbon capture systems, Parasanti offers edge computing analytics, and SurgePower produces graphene for various applications. The accelerator is now accepting applications for its third cohort, due by September 3, 2021.

Halliburton (NYSE: HAL) announced the redemption of its entire $500 million outstanding principal amount of 3.25% Senior Notes due August 15, 2021. The redemption will include 100% of the principal plus accrued interest up to the redemption date. Cash on hand will fund this redemption, and a notice will be sent to registered holders of the Notes. The company emphasizes that the press release contains forward-looking statements that may involve risks and uncertainties.

Halliburton Company (NYSE: HAL) has secured a contract from Kuwait Oil Company (KOC) to further its digital transformation efforts across all fields in Kuwait. This initiative aims to enhance operational efficiency and increase production. Halliburton will implement automated processes and digital twins using its DecisionSpace® 365 service. These solutions are designed to optimize production planning, forecasting, and operational performance. The contract underscores the company's commitment to expanding its digital services and strengthening its ongoing partnership with KOC.

Halliburton Company (NYSE: HAL) will hold a conference call on July 20, 2021, at 8:00 AM CT to discuss its second quarter 2021 financial results. A press release with the earnings details will be issued prior to the call and made available on Halliburton's website. Participants can join the call via live webcast or by dialing designated numbers. A replay of the conference call will be offered until July 27, 2021. Halliburton, a major player in the energy sector, has over 40,000 employees worldwide, providing various services across the reservoir lifecycle.

Halliburton Company (NYSE: HAL) held its annual shareholders' meeting on May 19, 2021, in Houston, Texas, where all ten board nominees were elected. Shareholders ratified KPMG LLP as principal accountants for 2021 and approved amendments to the Stock and Incentive Plan. However, the advisory resolution on executive compensation was not approved, disappointing company leadership. A 2021 Q2 dividend of $0.045 per share was declared, payable on June 23, 2021, to shareholders of record by June 2, 2021.

Halliburton Company (NYSE: HAL) and TGS-NOPEC Geophysical ASA (OSLO:TGS) have formed a collaboration to enhance seismic imaging through fiber optic sensing. This partnership combines Halliburton's FiberVSP™ and Odassea™ technologies with TGS's advanced seismic workflows, offering real-time monitoring capabilities for oil and gas production and carbon storage. Both companies aim to deliver a cost-effective solution that improves reservoir understanding. Ongoing projects will utilize this integrated approach for comprehensive reservoir monitoring.

Halliburton Company (NYSE: HAL) has awarded three multimillion-dollar educational software grants to Algerian public universities to train future oil and gas engineers. The universities benefiting from these grants include USTHB, UMBB, and UKMO. The three-year licenses grant students and faculty access to Landmark’s DecisionSpace® software, enhancing hands-on learning in geosciences, drilling, and data management. This initiative underscores Halliburton's commitment to developing local talent and employment in Algeria.

Halliburton Company (NYSE: HAL) reported a net income of $170 million or $0.19 per diluted share for Q1 2021, reversing a net loss of $235 million in Q4 2020. Revenue reached $3.5 billion, a 7% increase from the previous quarter. Operating income stood at $370 million, up from a loss of $96 million. North America saw a 13% revenue increase, driven by higher drilling-related services. International revenue increased by 2%. Halliburton also introduced innovative technologies aimed at enhancing operational efficiency and signed contracts for digital transformation projects in Kuwait and Norway.

U.S. Well Services (Nasdaq: USWS) has filed a patent infringement lawsuit against Halliburton (NYSE: HAL) and Cimarex Energy (NYSE: XEC) in the U.S. District Court for the Western District of Texas. The complaint alleges infringement on multiple patents, particularly focusing on electric hydraulic fracturing technologies. U.S. Well Services holds a robust portfolio with 42 granted patents, 4 allowed, and 185 pending. CEO Joel Broussard emphasized the critical importance of defending their intellectual property to maintain a competitive edge in the hydraulic fracturing market.