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) 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.