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Halliburton Co (HAL)

HAL on New York Consolidated

53.40USD
6 Dec 2016
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Latest Key Developments (Source: Significant Developments)

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

Halliburton says reduced headcount by almost 9 pct globally in Q2
Wednesday, 20 Jul 2016 11:41am EDT 

Halliburton Co : During the second quarter, Halliburton further reduced its headcount by almost 9 percent globally - spokeswoman Further company coverage: [HAL.N] ((Bengaluru Newsroom: +1-646-223-8780)).  Full Article

Halliburton expects international markets to take more time to rebound - CONF CALL
Wednesday, 20 Jul 2016 11:39am EDT 

Halliburton Co: Says "international markets will take more time to rebound" - conference call . Do no expect to see a fundamental improvement in Latin America this year . Expect Latin America margins to move down to low single digits in Q3 . Q3 eastern hemisphere revenue is expected to be down "modestly" . Expect North America margins to improve by 100-200 basis points in Q3 . Q3 eastern hemisphere margins expected to remain flat Further company coverage: [HAL.N] (Bengaluru Newsroom: +1-646-223-8780).  Full Article

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

Trump adds antitrust expert to Justice transition team

WASHINGTON A Republican antitrust veteran has been named on Monday to U.S. President-elect Donald Trump's transition team for the Justice Department, a choice that lawyers say signals a more hands-off approach to antitrust enforcement compared to Democratic President Barack Obama.