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Halliburton Co (HAL.N)

HAL.N on New York Stock Exchange

53.06USD
22 Feb 2017
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Latest Key Developments (Source: Significant Developments)

Halliburton sees Eastern Hemisphere activity to decline over rest of the year
Wednesday, 20 Jul 2016 11:39am EDT 

Halliburton Co : Anticipate Eastern Hemisphere activity to decline over the balance of the year - Conf Call . Says sees no immediate impact from Brexit - Conf call Further company coverage: [HAL.N] ((Bengaluru Newsroom: +1-646-223-8780)).  Full Article

Halliburton says current service pricing in N. America is "unsustainable"
Wednesday, 20 Jul 2016 11:38am EDT 

Halliburton Co : Says "Q2 will mark the trough for our earnings" - Conf Call . Says "our customers are thinking of growing their business again, instead of focusing on survival" - Conf Call . Says can't "underestimate positive change in attitude" among N.America customers" - Conf Call . Says deep pricing cuts are uneconomic and will have to be reversed - Conf Call . Says current service pricing in N.America is unsustainable - Conf Call . Says confident that N.America margins can begin to recover in Q3 - Conf Call . Says industry will need to "replenish experience lost to retirement and cutbacks" - Conf Call . Says expects Q3 expenses to come in at similar levels to Q2 - Conf Call . Says "now that we have seen the floor in activity levels, we expect revenue to increase based on higher utilization rates" - Conf Call Further company coverage: [HAL.N] ((Bengaluru Newsroom: +1-646-223-8780)).  Full Article

Halliburton says confident N. America margins will return to double digits -CONF CALL
Wednesday, 20 Jul 2016 11:19am EDT 

Halliburton Co: Halliburton says it is confident N. America margins will return to double digits . Expects to reach cost savings run rate of $1 bln going into 2017 - Conference Call . Says 20 pct of horsepower capacity removed from market . Says expect revenue decline in Latin America in mid-teen pct . Says believes pricing will recover as activity recovers Further company coverage: [HAL.N] (Bengaluru Newsroom: +1-646-223-8780).  Full Article

Halliburton Q2 adjusted loss per share $0.14
Wednesday, 20 Jul 2016 06:50am EDT 

Halliburton Co : Halliburton announces second quarter 2016 results . Completion and production (C&P) revenue in Q2 of 2016 was $2.1 billion, a decrease of $210 million, or 9%, from Q1 of 2016 . Qtrly revenue $3.84 billion, down 9 percent . In eastern hemisphere, still seeing modest headwinds around pricing and activity . Expect to see a modest uptick in rig count during second half of year in North America market . "we believe North America market has turned" . Recorded company-wide impairments and other charges in Q2 of 2016 of approximately $423 million, pre-tax . During coming recovery, "plan to scale up our integrated delivery platform by addressing our product line building blocks one at a time" . Halliburton announces second quarter 2016 results . Q2 adjusted loss per share $0.14 from continuing operations excluding items . Q2 loss per share $3.73 from continuing operations . Q2 earnings per share view $-0.19 -- Thomson Reuters I/B/E/S . "our activity outlook has not changed and our strategy is working." . Q2 revenue view $3.75 billion -- Thomson Reuters I/B/E/S . Drilling and evaluation (D&E) revenue in Q2 of 2016 was $1.7 billion, a decrease of $153 million, or 8%, from Q1 of 2016 . "have been successful in winning market share during downturn" in the eastern hemisphere . Aggregate impact of Q2 items is $3.1 billion, after-tax, or $3.59 per diluted share.  Full Article

U.S. fines ValueAct $11 mln over lack of disclosures tied to Halliburton, Baker Hughes stake
Tuesday, 12 Jul 2016 12:56pm EDT 

: U.S. says valueact enjoined from relying on 'investment-only' exemption when it intends to influence basic business decisions.  Full Article

Halliburton re-appoints Mark McCollum as CFO
Friday, 1 Jul 2016 04:30pm EDT 

Halliburton Co : Halliburton re-appoints Mark McCollum as chief financial officer .Christian Garcia, who had assumed McCollum's CFO responsibilities on interim basis, will remain SVP of finance until Aug 1, 2016.  Full Article

Fitch plans to withdraw ratings of Halliburton Company
Monday, 27 Jun 2016 05:07pm EDT 

Fitch:Fitch plans to withdraw ratings of Halliburton Company.  Full Article

Moody's downgrades Halliburton to Baa1 with negative outlook
Friday, 3 Jun 2016 04:17pm EDT 

Moody's: Moody's downgrades Halliburton to Baa1 with negative outlook . Downgrade reflects an anticipated significant increase in debt leverage to over 5X debt/ebitda in 2016 . Halliburton's negative outlook reflects uncertain pace of oilfield service recovery . Ratings could be downgraded if debt/ebitda does not decline towards 4.0x in 2017 . Halliburton's Baa1 rating also reflects its leading market position and strong franchise value as world's second largest oilfield services provider .Sees co's debt leverage dropping towards 3.5x in 2017.  Full Article

Halliburton declares qtrly dividend of $0.18 per share
Thursday, 19 May 2016 06:35pm EDT 

Halliburton Co :Says board declared a 2016 Q2 dividend of eighteen cents $0.18 a share.  Full Article

Halliburton to redeem $2.5 billion in senior notes
Friday, 6 May 2016 04:30pm EDT 

Halliburton Co : Halliburton to redeem $2.5 billion in senior notes . Halliburton plans to use cash on hand to fund special mandatory redemption .Will redeem entire outstanding principal amount of its 2.700% senior notes due March 2020 and 3.375% senior notes due March 2022.  Full Article

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BRIEF-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