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 Labs has selected its inaugural group of companies, including Enexor BioEnergy, Momentum Technologies, and OCO Inc., to foster innovation in clean energy. These companies will leverage Halliburton's extensive business resources to enhance their offerings. Enexor focuses on transforming waste into renewable energy, Momentum specializes in recovering materials from lithium batteries, and OCO Inc. develops carbon-negative processes for producing zero-carbon chemicals. This initiative aims to address critical energy challenges and supports the participants' growth with operational expertise and access to global networks.
Halliburton Company (NYSE: HAL) has secured a contract with Kuwait Oil Company (KOC) aimed at enhancing KOC’s digital transformation. This collaboration will improve the efficiency of their North Kuwait asset by implementing digital twins to automate work processes. Utilizing Halliburton's DecisionSpace® 365, KOC engineers will optimize production and asset operations through advanced modeling and integration of third-party technologies. This partnership is expected to streamline production planning and enhance operational performance.
Halliburton Company (NYSE: HAL) reported a net loss of $235 million, or $0.27 per diluted share, for Q4 2020, compared to a $17 million net loss in Q3 2020. Adjusted net income rose to $160 million from $100 million sequentially. Total revenue increased by 9% to $3.2 billion in Q4 2020. However, annual revenue fell by 36% to $14.4 billion. The operating loss for 2020 reached $2.4 billion versus $448 million in 2019. CEO Jeff Miller expressed optimism regarding activity trends, particularly in North America, amid efforts to enhance margins and cash flow.
Halliburton (NYSE: HAL) has established a $1 million Business and Engineering Scholarship Fund at Prairie View A&M University (PVAMU), aimed at supporting junior and senior students in Accounting, Management Information Systems, Finance, and Engineering. Chairman and CEO Jeff Miller emphasized the initiative's role in enhancing diversity and building future talent. Scholarships will be awarded alongside mentoring and internship opportunities, fostering student success in engineering and business disciplines.
Halliburton Company (NYSE: HAL) has appointed Van H. Beckwith as executive vice president, secretary, and chief legal officer, succeeding Robb Voyles, who has held the position for seven years. Beckwith joins the Halliburton Executive Committee and will lead the Company's Law Department, Global Communications & Marketing, and Government Affairs. He previously worked at Baker Botts L.L.P. for nearly 30 years, overseeing its Litigation Department. CEO Jeff Miller emphasized Beckwith's extensive legal background and strategic leadership as valuable to the company.
Halliburton (NYSE: HAL) and Accenture (NYSE: ACN) announced a partnership to enhance Halliburton's digital supply chain transformation and manufacturing processes. This initiative, starting in 2021, will implement a global hub-and-spoke supply chain model, utilizing advanced analytics and business intelligence tools to boost service levels and operational efficiency. Key objectives include real-time supply chain visibility, automated procurement processes, and improved productivity. The collaboration aims to leverage Accenture's SynOps platform, optimizing Halliburton's digital capabilities for better alignment with market needs.
Halliburton Company (NYSE: HAL) will host a conference call on January 19, 2021, at 8:00 AM CT to discuss its fourth quarter 2020 financial results. A press release detailing the earnings will be available prior to the call on the company's website. Participants can join the call via a live webcast or by dialing the provided numbers. A replay will be accessible on the website until January 26, 2021 and by telephone using a designated passcode.
Halliburton Company (NYSE: HAL) has committed to setting science-based targets to reduce greenhouse gas emissions. The company submitted a commitment letter to the Science Based Targets initiative, aligning with climate science goals outlined in the Paris Accord. Halliburton plans to submit specific targets for validation by 2022, joining over 1,000 companies in this commitment. CEO Jeff Miller emphasized the company's role in innovating and providing affordable energy while addressing climate change.
Halliburton Company (NYSE: HAL) has declared a fourth-quarter dividend of $0.045 per share on its common stock. This dividend is set to be paid on December 23, 2020, to all shareholders on record as of December 3, 2020. With a long-standing presence in the energy sector, Halliburton continues to support its shareholders through this dividend declaration, reflecting its commitment to providing returns even amid challenging market conditions.
Halliburton Company reported a net loss of $17 million, or $0.02 per diluted share, for Q3 2020, a significant improvement from a $1.7 billion loss in Q2 2020. Adjusted net income rose to $100 million, up from $46 million. Total revenue decreased 7% to $3.0 billion. Operating income reached $142 million, contrasting with a $1.9 billion loss in Q2. The company expects to generate over $1.0 billion in free cash flow for the year, indicating a stabilizing North American market and improved international operations.
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