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Halliburton Co (HAL)

HAL on New York Consolidated

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26 Jul 2017
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Latest Key Developments (Source: Significant Developments)

Halliburton, on North America, says rig count growth is showing signs of plateauing - conf call
Monday, 24 Jul 2017 10:03am EDT 

July 24 (Reuters) - Halliburton Co ::Halliburton Co, on North America, says rig count growth is showing signs of plateauing, and customers are "tapping the brakes" - conf call.Halliburton Co CEO says I don't expect the near-term rebound in the international markets for several reasons - conf call.Halliburton Co says expect there will be improvement in activity in international market over remainder of year - conf call.Halliburton says expected improvement in activity in international market not concentrated enough to offset continued pricing pressure - conf call.Halliburton says with the current level of underinvestment internationally, production declines are a certainty - conf call.Halliburton CEO says pressure pumping business sold out in the third quarter - conf call.Halliburton CEO says looking forward, it's too early to tell the impact of commodity prices on customer plans for 2018 - conf call.Halliburton CEO says "I believe we found the bottom of the international rig count in the first quarter" - conf call.Halliburton says expects international revenue to remain flat for Q3 - conf call.Halliburton says expect margins for completion and production division to increase by 225 to 325 basis points in Q3 - conf call.  Full Article

Halliburton reports Q2 adj EPS $0.23 from continuing operations
Monday, 24 Jul 2017 06:45am EDT 

July 24 (Reuters) - Halliburton Co :Halliburton announces second quarter 2017 results.Q2 adjusted earnings per share $0.23 from continuing operations.Q2 earnings per share $0.03 from continuing operations.Q2 earnings per share view $0.18 -- Thomson Reuters I/B/E/S.Q2 revenue $5.0 billion versus i/b/e/s view $4.86 billion.‍Q2 results include a $0.04 per diluted share impact from litigation settlements​.Completion and production revenue in Q2 of 2017 was $3.1 billion, an increase of $528 million, or 20 pct, from Q1 of 2017.Drilling and evaluation revenue in Q2 of 2017 was $1.8 billion, an increase of $150 million, or 9 pct, from Q1 of 2017.Qtrly north america revenue growth of 24 percent outpaced average sequential U.S. Land rig count growth of 21 percent.‍Q2 results also include impact from one-time executive compensation charge​.Expects to exchange $375 million of outstanding trade receivables with primary customer in venezuela for interest-bearing promissory note.‍"Confident about halliburton's ability to grow north america margins​".Revenue from ‍completion and production segment improvements in quarter due to improved pressure pumping utilization, pricing in U.S. Land market​.North America revenue improvement in Q2 driven primarily by increased utilization and pricing throughout U.S. land sector.‍Confident about co's ability to continue to maintain run rate for international business​.  Full Article

Halliburton sets quarterly dividend of $0.18 per share
Friday, 14 Jul 2017 05:15pm EDT 

July 14 (Reuters) - Halliburton Co :Sets quarterly dividend of $0.18 per share.  Full Article

Halliburton acquires Summit ESP
Wednesday, 5 Jul 2017 06:50am EDT 

July 5 (Reuters) - Halliburton Co :Halliburton acquires Summit ESP.Halliburton Co - transaction is accretive.  Full Article

Parker Drilling announces departure of CFO
Monday, 12 Jun 2017 04:32pm EDT 

June 12 (Reuters) - Parker Drilling Co : :Parker Drilling announces departure of chief financial officer.Parker Drilling Co - Jon-Al Duplantier has been appointed to serve as interim CFO.Parker Drilling Co - company has initiated a comprehensive search to identify its next CFO.  Full Article

Halliburton names Christopher Weber EVP, CFO effective June 22, 2017
Monday, 12 Jun 2017 04:30pm EDT 

June 12 (Reuters) - Halliburton Co :Halliburton names new chief financial officer.Halliburton co announces appointment of christopher weber as executive vice president and chief financial officer effective june 22, 2017.Halliburton co - weber joins halliburton from parker drilling company.  Full Article

Halliburton Co says Jeff Miller appointed CEO
Wednesday, 17 May 2017 04:15pm EDT 

May 17 (Reuters) - Halliburton Co :Halliburton announces leadership transition.Says Jeff Miller appointed CEO.Jeff Miller named chief executive officer; Dave Lesar continues as executive chairman.Leadership changes are effective June 1, 2017.Lesar entered new executive agreement that provides he will continue as executive chairman through mandatory retirement on Dec 31, 2018.  Full Article

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 to pay $29.2 mln to settle U.S. charges tied to Angola

WASHINGTON Oil company Halliburton Co will pay $29.2 million to settle civil charges it violated federal anti-bribery rules related to books, record-keeping and internal accounting controls while doing business in Angola, U.S. regulators said on Thursday.