Key Developments: Halliburton Co (HAL.N)
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Latest Key Developments (Source: Significant Developments)
Halliburton Co Declares Dividend
Halliburton Co announced that it has declared a 2013 second quarter dividend of twelve and $0.125 a share on the Company`s common stock payable June 26, 2013, to stockholders of record at the close of business on June 5, 2013. Full Article
Halliburton Co In Gulf Spill Settlement Talks-Reuters
Reuters reported that Halliburton Co is in talks to settle private claims against it in a trial to determine how to allocate blame for the 2010 Gulf of Mexico spill, the oilfield services company said, as it took a $1 billion pretax charge for a possible deal. Full Article
Halliburton Co In Gulf Spill Settlement Talks-Reuters
Reuters reported that Halliburton Co is in talks to settle private claims against it in a trial to determine how to allocate blame for the 2010 Gulf of Mexico spill, the oilfield services company said, as it took a $1 billion pretax charge for a possible deal. While Halliburton is not the subject of direct government actions, BP Plc BP.L has tried to hold the Company and rig owner Transocean Ltd RIG.N partly responsible for damages. Full Article
Halliburton Co Issues Q2 2013 Revenue Guidance-Conference Call
Halliburton Co announced that for second quarter of 2013, it expects a slight improvement in sequential revenues. The Company reported revenue of $6.947 billion in first quarter of 2013. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $7.244 billion for second quarter of 2013. Full Article
Halliburton Co Declares 39% Dividend Increase
Halliburton Co announced that its Board of Directors has approved a 39% increase in its quarterly dividend. The 2013 first quarter dividend of $0.125 a share on the Company`s common stock is payable on March 27, 2013, to shareholders of record at the close of business on March 6, 2013. Full Article
Colgate-Palmolive Co And Halliburton Co Sees Q1 2013 Charge From Venezuela's Devaluation Of Currency-DJ
Dow Jones reported that global companies are bracing for potentially significant write-downs stemming from Venezuela's devaluation of its currency against the dollar. On Monday, Colgate-Palmolive Co and Halliburton Co both said they would book charges in the first quarter of 2013 as a result of the devaluation of the bolivar fuerte, or strong bolivar, as the currency is officially known. The government of ailing President Hugo Chavez would slash the value of the bolivar by nearly one third. Colgate said it would incur a charge of $120 million related to the currency devaluation. The after-tax charge amounts to 25 cents a share and will be taken in the first quarter of 2013. Full Article
Halliburton Co Issues Q1 2013 Revenue Guidance Above Analysts' Estimates-Conference Call
Halliburton Co announced that for the first quarter of 2013, it expects revenues to increase by mid-teen percentage. The Company reported revenues of $6.868 billion in the first quarter of 2012. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report revenues of $6.906 billion for the first quarter of 2013. Full Article
TNK-BP Holding OAO Signs Drilling Contract with Halliburton Co for Yem-Yegovsky Area-Interfax
Interfax reported that TNK-BP Holding OAO and Halliburton Co have signed a contract to drill for tight reserves at the Yem-Yegovsky license area in the Khanty-Mansiisk Autonomous District, TNK-BP Holding OAO's Vice President for Operations and Asset Management Oleg Mikhailov told reporters. The contract was signed at the end of last year, and drilling of the first well kicked off in January. The pilot project entails drilling 16 wells, the first six of which will be completed by this November, he said. Full Article
Halliburton Co Declares Dividend
Halliburton Co announced that board of directors has declared a 2012 fourth quarter dividend of nine cents ($0.09) a share on the Company`s common stock payable December 27, 2012 to shareholders of record at the close of business on December 6, 2012. Full Article
Halliburton Co Issues Q3 2012 Revenue Guidance Below Analysts' Estimates-Conference Call
Halliburton Co announced that for the third quarter of 2012, it expects revenues to be down in the mid single digits. The Company reported revenues of $7.234 billion in the second quarter of 2012. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report revenues of $7.363 billion for the third quarter of 2012. Full Article
Halliburton sees Mexico's Pemex reducing activity for 2013
May 21 - Halliburton Co, the world's second-largest oilfield services company, said on Tuesday that Mexican state oil company Pemex was delaying any significant activity at its Burgos and Chicontepec projects until next year. Chief Financial Officer Mark McCollum said Halliburton's Latin American margins would be weighed down this year by the reduction in activity at the projects. He added that Pemex, ahead of a July tender on the projects, was also reducing rigs run by Schlumberge
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