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Halliburton Co (HAL.N)

HAL.N on New York Stock Exchange

47.02USD
25 Apr 2017
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Latest Key Developments (Source: Significant Developments)

Halliburton reports Q1 loss per share of $0.04 from continuing operations
Monday, 24 Apr 2017 06:50am EDT 

April 24 (Reuters) - Halliburton Co :Halliburton announces first quarter 2017 results.Q1 adjusted earnings per share $0.04 from continuing operations excluding items.Q1 loss per share $0.04 from continuing operations.Q1 revenue $4.3 billion versus I/B/E/S view $4.21 billion.Q1 earnings per share view $0.13 -- Thomson Reuters I/B/E/S.Completion and production revenue in Q1 of 2017 was $2.6 billion, an increase of $336 million, or 15 pct, from Q4.Drilling and evaluation revenue in Q1 of 2017 was $1.7 billion, a decrease of $78 million, or 4 pct, from Q4 of 2016."We are in midst of a unique and challenging cycle with very different dynamics between north American and international markets".North America revenue improvement in quarter was driven primarily by increased pricing and utilization throughout United States land sector."North America activity increased rapidly during Q1"."In international markets, activity declines due to seasonality were exacerbated by current cyclical headwinds" in quarter.While Co believes Q1 represents bottom in eastern hemisphere rig count, FY 2017 average will likely be only "marginally higher" than FY 2016.Latin America revenue increased by 8 pct sequentially in quarter, primarily due to improved activity levels in Brazil and Mexico.There are variety of country specific headwinds that must be overcome for meaningful recovery in Latin America.  Full Article

Halliburton announces chief financial officer departure
Monday, 6 Mar 2017 06:08pm EST 

Halliburton Co : Halliburton announces chief financial officer departure . Says Robb Voyles appointed interim CFO . Also announced promotion of Lyn Beaty to senior vice president of finance effective immediately . Halliburton has engaged an executive search firm to conduct a comprehensive search for its next CFO . Says CFO Mark McCollum resigned .McCollum is leaving company effective immediately to become chief executive officer at Weatherford International PLC.  Full Article

Halliburton to redeem senior notes due 2018 and 2019
Tuesday, 14 Feb 2017 05:15pm EST 

Halliburton Co : Halliburton to redeem senior notes due 2018 and 2019 . Halliburton Co - will redeem entire outstanding principal amount of its 5.90 pct senior notes due september 2018 . Halliburton Co - aggregate principal amount of notes outstanding is $1.4 billion . Aggregate principal amount of notes outstanding is $1.4 billion . Halliburton Co - redemption date for notes is March 15, 2017 .Halliburton Co - will also redeem entire outstanding principal amount of its 6.15 pct senior notes due september 2019.  Full Article

Halliburton sets quarterly dividend of $0.18per share
Wednesday, 8 Feb 2017 05:50pm EST 

Halliburton Co : Halliburton declares dividend and announces annual shareholders' meeting .Sets quarterly dividend of $0.18per share.  Full Article

Halliburton says reduced its workforce by about 14,000 in 2016
Tuesday, 7 Feb 2017 12:39pm EST 

Halliburton Co : Says it reduced its workforce by about 14,000 in 2016 and by about 40 percent since the beginning of 2015 .Plan to increase capital spending to approximately $1.0 billion in 2017.  Full Article

State Street Corp reports 5.03 pct passive stake in Halliburton as of Dec. 31 - SEC filing
Tuesday, 7 Feb 2017 07:59am EST 

Halliburton Co :State Street Corporation reports 5.03 percent passive stake in halliburton co as of dec. 31, 2016 - SEC filing.  Full Article

Halliburton posts Q4 adj. earnings $0.04/shr from continuing operations
Monday, 23 Jan 2017 07:00am EST 

Halliburton Co : Halliburton announces fourth quarter 2016 results . Q4 adjusted earnings per share $0.04 from continuing operations . Q4 loss per share $0.17 from continuing operations . Q4 earnings per share view $0.02 -- Thomson Reuters I/B/E/S . Q4 revenue $4.0 billion versus I/B/E/S view $4.09 billion . Q4 completion and production revenue $2,268 million versus. $2,831 million . Halliburton -"gained significant market share through downturn, and as market stabilized co leveraged this share to drive margin improvement" . Q4 drilling and evaluation revenue $1,753 million versus. $2,251 million . Halliburton Co says do not expect to see an inflection in International markets until latter half of 2017 . Halliburton Co - "North America market appears to have rounded corner, but International downward cycle is still playing out", regarding land market . "as we move into 2017 our focus will be on driving industry leading returns" . Halliburton - in International markets, low commodity prices have stressed budgets, have impacted economics across deepwater and mature field markets . During Q4 of 2016, Halliburton incurred approximately $92 million of foreign currency exchange losses.  Full Article

Halliburton announces regulatory filing in connection with potential acquisition
Friday, 23 Dec 2016 06:00pm EST 

Halliburton Co - : Held discussions with various shareholders of Novomet regarding potential acquisition, including possibility of acquiring up to 100% of company . No agreement has been reached to date . Halliburton continues to seek opportunities to expand and enhance suite of technologies, products and services it offers its customers .Halliburton announces regulatory filing in connection with potential acquisition.  Full Article

Halliburton co - currently sees FY 2016 capital expenditures to be about $850 mln
Monday, 1 Aug 2016 09:30am EDT 

Halliburton Co :Capital spending for fy 2016 is currently expected to be about $850 million, reduction of over 60% from $2.2 billion of capital expenditures in 2015.  Full Article

S&P downgrades Halliburton to 'BBB+' on difficult industry conditions
Friday, 29 Jul 2016 02:19pm EDT 

S&P Global Ratings:Halliburton co downgraded to 'BBB+' on difficult industry conditions; outlook stable.  Full Article

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Halliburton gains from rising oil well completions in North America

Halliburton Co said on Monday that oil producers are completing nearly as many wells as they are drilling, a major reversal from when companies left wells unfinished in anticipation of higher oil prices.