Key Developments: Halliburton Co (HAL.N)

HAL.N on New York Stock Exchange

19 Dec 2014
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$1.26 (+3.21%)
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Latest Key Developments (Source: Significant Developments)

Halliburton Co announces Dividend
Thursday, 22 May 2014 05:30pm EDT 

Halliburton Co:Declares 2014 second quarter dividend of 15 cents a share on company's common stock.Payable June 25, 2014, to stockholders of record at the close of business on June 4, 2014.  Full Article

Halliburton Co gives Q2 2014 EPS outlook
Monday, 21 Apr 2014 07:00am EDT 

Halliburton Co:Expects Q2 2014 earnings per share to grow about 25 pct, with further increases to follow.Q2 2014 EPS of $0.91 - Thomson Reuters I/B/E/S.  Full Article

SPT Energy Group Inc's subsidiary enters into a joint venture agreement with Halliburton Co's subsidiary
Monday, 21 Apr 2014 06:16am EDT 

SPT Energy Group Inc:Says Petrotech (Xinjiang) Engineering, a subsidiary of the company, and Halliburton B.V., a subsidiary of Halliburton entered into an agreement.Pursuant to which, both parties agreed to establish a joint venture which will engage in the provision of the fracture stimulation services in Xinjiang Uygur Autonomous Region of China.Petrotech (Xinjiang) Engineering shall contribute $17,340,000, representing 51 pct of the registered capitaland Halliburton B.V. shall contribute $16,660,000, representing 49 pct of the registered capital joint venture.  Full Article

Halliburton Co declares first quarter dividend
Friday, 14 Feb 2014 04:55pm EST 

Halliburton Co:Says the board has declared a 2014 first quarter dividend of $0.15 a share on the company's common stock.Says it is payable on Mar. 26, to shareholders of record at the close of business on Mar. 5d.  Full Article

U.S. Justices Agree To Hear Halliburton Co Securities Class Action - Reuters
Friday, 15 Nov 2013 01:51pm EST 

Reuters reported that the U.S. Supreme Court on November 15, 2013 agreed to revisit a securities class action case against Halliburton Co that could have implications for the future of such lawsuits. Shareholders led by the Erica P. Johns Fund Inc claimed Halliburton understated its asbestos liabilities while overstating revenues in its engineering and construction business and the benefits of its merger with Dresser Industries.  Full Article

Halliburton Co Declares 20% Dividend Increase
Wednesday, 6 Nov 2013 11:47am EST 

Halliburton Co announced that its board of directors has approved a 20% increase in its quarterly dividend. The 2013 fourth quarter dividend of fifteen cents ($0.15) a share on the Company's common stock is payable on December 27, 2013, to shareholders of record at the close of business on December 6, 2013.  Full Article

Halliburton Co Closes Deepwater Horizon Investigation
Thursday, 19 Sep 2013 12:30pm EDT 

Halliburton Co announced that the United States Department of Justice has closed its investigation of the Company's role related to the Macondo well incident. The federal judge in New Orleans, Louisiana, accepted the single misdemeanor guilty plea for the unauthorized deletion of a computer record that was created after the Macondo well incident. A fine of $200,000 and three years' probation was imposed by the court. The matter was resolved pursuant to a previously announced cooperation plea agreement between a Halliburton subsidiary and the DOJ.  Full Article

Trinidad Drilling Ltd Enters Joint Venture Arrangement With Halliburton Co; Signs Long Term Contract For Four Rigs In Kingdom Of Saudi Arabia
Tuesday, 3 Sep 2013 07:58am EDT 

Trinidad Drilling Ltd. announced that it has entered into a joint venture arrangement with a wholly-owned subsidiary of Halliburton Company (Halliburton) to provide and operate drilling rigs for Halliburton's international integrated projects. The joint venture is expected to concentrate initially on the Kingdom of Saudi Arabia and Mexico. Under this arrangement, the joint venture will have a right of first look to provide drilling rigs for all of Halliburton's managed onshore projects outside of Canada and the United States. Additionally, the joint venture will have a right of first look at Trinidad's onshore contract drilling opportunities outside of Canada and the United States. Trinidad will be the majority shareholder in the joint venture with 60% ownership, and Halliburton will have 40% ownership, with each party contributing future capital in these respective proportions. The joint venture will conduct business under the name Trinidad Drilling International (TDI). Affiliates of Trinidad and Halliburton have signed an agreement to provide four rigs for work in the Kingdom of Saudi Arabia for three years, with a one year optional extension. This agreement will be assigned to the joint venture. The rigs for these initial contracts will include three upgraded rigs from Trinidad's US fleet and one new build rig. The funds for this capital program will be provided by the joint venture partners in line with their ownership levels.  Full Article

Gazprom neft' OAO and Halliburton Co Sign Technological Cooperation Deal-DJ
Tuesday, 13 Aug 2013 02:08am EDT 

Dow Jones reported that Gazprom neft' OAO has signed a technological cooperation deal with oilfield services company Halliburton Co (HAL), the Russian firm said in a statement on August 13, 2013. The companies will exchange data and know-how on using new technology, including for work on hard-to-recover resources.  Full Article

Halliburton Co To Issue $3.0 Billion Of Senior Notes
Monday, 29 Jul 2013 06:39pm EDT 

Halliburton Co announced the pricing of an offering of $3.0 billion aggregate principal amount of senior notes. The notes are being issued in four tranches: $600 million of three-year notes bearing interest at a fixed rate of 1.00% per year and maturing on August 1, 2016; $400 million of five-year notes bearing interest at a fixed rate of 2.00% per year and maturing on August 1, 2018; $1.1 billion of 10-year notes bearing interest at a fixed rate of 3.50% per year and maturing on August 1, 2023; and $900 million of 30-year notes bearing interest at a fixed rate of 4.75% per year and maturing on August 1, 2043. The offering is expected to close on August 5, 2013. Halliburton intends to use the net proceeds of the offering, together with cash on hand to the extent necessary, to fund Halliburton`s previously announced offer to repurchase up to $3.3 billion of shares of common stock pursuant to a modified dutch auction cash tender offer, as well as related fees and expenses.  Full Article

Halliburton sees $75 million charge for staff cuts after merger

HOUSTON, Dec 11 - Oilfield services company Halliburton expects to take a $75 million charge in the fourth quarter as it trims staff following its planned takeover of rival Baker Hughes, a company official said at Capital One's annual energy conference.

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