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) 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.
Halliburton Company (NYSE: HAL) has signed an eight-year contract with the Norwegian Petroleum Directorate (NPD) to manage Diskos, Norway's national repository of oil and gas seismic, well, and production data. The project will utilize Diskos 2.0, built on DecisionSpace® 365 cloud services, enabling efficient data access and analysis. This collaborative effort aims to enhance reservoir recovery and exploration outcomes through machine learning and artificial intelligence, ultimately maximizing asset value in the region.
Halliburton Company (NYSE: HAL) has partnered with Optime Subsea to enhance its completion landing string services with innovative subsea technology. This global alliance will utilize Optime's Remotely Operated Controls System (ROCS) and Subsea Controls and Intervention Light System (SCILS) to improve operational efficiencies and safety risk mitigation in deepwater completions. The collaboration aims to deliver umbilical-less operations, providing a cost-efficient solution for customers while reducing the operational footprint and setup time.
Halliburton Company (NYSE: HAL) announced a breakthrough in the Permian Basin with its SmartFleet™ intelligent fracturing system, achieving real-time control of fracture placement on a multi-well pad. This system leverages automation and subsurface measurements, improving fracture performance and completion execution. Major enhancements include reduced fluid usage per stage, longer stage lengths, and a 20% improvement in uniform treatment placement compared to traditional methods. This innovation aims to optimize costs and performance, enhancing asset economics in the energy sector.
Halliburton Labs has opened applications for its accelerator program targeting early-stage clean energy firms, with the deadline set for April 23, 2021. The program aims to support technology entrepreneurs in energy generation, storage, and sustainability, providing resources like technical expertise and a global business network. Selected applicants will pitch for a place in the program during the Halliburton Labs Finalist Pitch Day on May 21, 2021, part of the Houston Tech Rodeo. Halliburton Labs offers a collaborative environment to advance cleaner, affordable energy solutions.
Halliburton Company (NYSE: HAL) will host a conference call on April 21, 2021, at 8:00 AM CT to discuss its Q1 2021 financial results. A press release detailing the earnings will be issued before the call. Investors can listen to the call via live webcast on the company’s website or dial in to participate. A replay will be available until April 28, 2021. Founded in 1919, Halliburton provides a wide range of products and services to the energy industry with operations in over 70 countries.
Halliburton Company (NYSE: HAL) has declared a first-quarter dividend of $0.045 per share, payable on March 24, 2021, to shareholders on record as of March 3, 2021. Additionally, the annual shareholders' meeting is scheduled for May 19, 2021, with a record date of March 22, 2021. Halliburton, established in 1919, is a leading provider of energy industry products and services, employing over 40,000 individuals across 70 countries.
Halliburton Company (NYSE: HAL) has appointed Bhavesh V. (Bob) Patel to its board of directors, effective February 17, 2021. Patel, currently the CEO of LyondellBasell, brings extensive experience in safety and operational excellence. His leadership at LyondellBasell involved significant expansions and acquisitions, particularly in Asia. This addition to the board is anticipated to enhance Halliburton's global operations and strategic growth. Patel's election by stockholders is scheduled for May 19, 2021.