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Halliburton Co (HAL.N)

HAL.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Halliburton Announces Fourth Quarter 2018 Results
Tuesday, 22 Jan 2019 06:45am EST 

Jan 22 (Reuters) - Halliburton Co ::HALLIBURTON ANNOUNCES FOURTH QUARTER 2018 RESULTS.QTRLY ADJUSTED INCOME FROM CONTINUING OPERATIONS OF $0.41 PER DILUTED SHARE.QTRLY REPORTED INCOME FROM CONTINUING OPERATIONS OF $0.76 PER DILUTED SHARE.COMPLETION AND PRODUCTION REVENUE IN Q4 OF 2018 WAS $3.8 BILLION, A DECREASE OF $338 MILLION, OR 8%, WHEN COMPARED TO Q3 OF 2018.QTRLY TOTAL REVENUE $5,936 MILLION VERSUS $5,940 MILLION.DRILLING AND EVALUATION REVENUE IN Q4 OF 2018 WAS $2.1 BILLION, AN INCREASE OF $102 MILLION, OR 5%, WHEN COMPARED TO Q3 OF 2018.Q4 EARNINGS PER SHARE VIEW $0.37, REVENUE VIEW $5.86 BILLION -- REFINITIV IBES DATA.IN NORTH AMERICA, DEMAND FOR COMPLETION SERVICES DECREASED DURING Q4, LEADING TO LOWER PRICING FOR HYDRAULIC FRACTURING SERVICES."OUR INTERNATIONAL BUSINESS CONTINUES TO SHOW SIGNS OF A STEADY RECOVERY", WITH QTRLY REVENUE INCREASING 7% SEQUENTIALLY.HALLIBURTON - FALL IN QTRLY NORTH AMERICA REVENUE WAS PRIMARILY DRIVEN BY LOWER ACTIVITY AND PRICING IN STIMULATION SERVICES.HALLIBURTON - INTEND TO RESPOND TO CHANGING MARKET ENVIRONMENT, REDUCE CAPITAL SPENDING, DEVELOP DIFFERENTIATING TECHNOLOGIES.HALLIBURTON-IN Q4, CO RECOGNIZED IMPACT OF STRATEGIC CHANGE IN CORPORATE STRUCTURE, WHICH RESULTED IN NET TAX BENEFIT OF $306 MILLION, OR $0.35 PER SHARE.  Full Article

Halliburton Says Drop In Oil Prices Has Impacted Customer Budgets For 2019 - Conf Call
Tuesday, 22 Jan 2019 06:28am EST 

Jan 22 (Reuters) - Halliburton Co ::CEO SAYS INCREASED PRICE VOLATILITY CREATES NEAR TERM HEADWINDS AS WE ENTER 2019 - CONF CALL.CEO SAYS DROP IN OIL PRICES LAST YEAR HAS IMPACTED CUSTOMER BUDGETS FOR THE YEAR - CONF CALL.CEO SAYS EXPECTS PRESSURE ON SERVICE PRICING TO CONTINUE INTO Q1 - CONF CALL.CEO SAYS INTEND TO REDUCE 2019 CAPITAL SPEND COMPARED TO 2018- CONF CALL.CEO SAYS WITH INTERNATIONAL RECOVERY CONTINUING, SEES EQUIPMENT AVAILABILITY TIGHTENING IN SELECT REGIONS - CONF CALL.CUTS 2019 CAPEX FORECAST BY 20 PERCENT TO $1.6 BILLION - CONF CALL.EXPECTS NORTH AMERICA COMPLETION ACTIVITY TO MODERATELY IMPROVE IN Q1- CONF CALL.  Full Article

Halliburton Appoints Lance Loeffler As New CFO
Monday, 12 Nov 2018 04:30pm EST 

Nov 12 (Reuters) - Halliburton Co ::HALLIBURTON APPOINTS NEW CHIEF FINANCIAL OFFICER.HALLIBURTON CO - CHRIS WEBER IS LEAVING COMPANY TO PURSUE OTHER OPPORTUNITIES.HALLIBURTON CO - LANCE LOEFFLER, PREVIOUSLY VICE PRESIDENT OF INVESTOR RELATIONS, HAS BEEN PROMOTED TO CHIEF FINANCIAL OFFICER.HALLIBURTON CO - LOEFFLER WILL LEAD COMPANY'S FINANCIAL FUNCTIONS.HALLIBURTON APPOINTS NEW CHIEF FINANCIAL OFFICER.  Full Article

Aker BP in rig deals with Maersk, Odfjell, Halliburton‍​
Tuesday, 21 Nov 2017 01:29am EST 

Nov 21 (Reuters) - Aker Bp Asa :Entered into separate agreements with Maersk Drilling and Halliburton for jack-ups, and with Odfjell Drilling and Halliburton for semi-submersibles‍​.  Full Article

Maersk Drilling enters into alliance agreement with Aker BP
Tuesday, 21 Nov 2017 01:13am EST 

Nov 21 (Reuters) - MAERSK :MAERSK DRILLING HAS ENTERED INTO A JACK-UP ALLIANCE AGREEMENT WITH AKER BP <<>>.THE ALLIANCE IS FOUNDED ON A TRIPARTITE COLLABORATION MODEL THAT ALSO INCLUDES SERVICE PROVIDER HALLIBURTON <<>>.THE ALLIANCE AIMS AT LOWERING THE COST PER BARREL FOR AKER BP AND INCREASING PROFITABILITY FOR THE ALLIANCE PARTNERS..THE FRAMEWORK AGREEMENT IS FIVE YEARS FIRM WITH THE OPTION TO EXTEND FOR A FURTHER FIVE YEARS .  Full Article

Halliburton ‍board declares 2017 Q4 dividend of $0.18 a share ​
Friday, 3 Nov 2017 05:15pm EDT 

Nov 3 (Reuters) - Halliburton Co :Halliburton Co - ‍board has declared a 2017 Q4 dividend of $0.18 a share on co's common stock payable December 28, 2017​.  Full Article

Halliburton executive chairman David​ Lesar sells 50,000 shares of co's common stock
Thursday, 2 Nov 2017 03:02pm EDT 

Nov 2 (Reuters) - Halliburton Co :Halliburton Co <<>> executive chairman David​ Lesar reports open market sale of 50,000 shares of co's common stock on Nov 1 - SEC filing.  Full Article

Oil Search buys oil assets in Alaska for an acquisition payment of $400 mln‍​‍​
Tuesday, 31 Oct 2017 06:13pm EDT 

Nov 1 (Reuters) - Oil Search Ltd ::Acquires oil assets in Alaska North Slope‍​.Deal for an acquisition payment of $400 mln‍​.Acquisition, exploration, appraisal & development costs to be funded by existing cash, cash flows and additional financing facilities.Will assume operatorship of assets in June, 2018‍​.To buy assets from privately-owned companies Armstrong Energy LLC and GMT Exploration Company LLC.Has also entered into a cooperation agreement with Halliburton.Nanushuk's purchase & development & LNG expansion in PNG to not impact dividend policy nor need additional equity to be raised ‍​.  Full Article

Halliburton expects FY 2017 capital spending to be about $1.3 bln to $1.4 bln
Friday, 27 Oct 2017 09:39am EDT 

Oct 27 (Reuters) - Halliburton Co :Halliburton Co says capital spending for full year 2017 currently expected to be about $1.3 billion to $1.4 billion - sec filing‍​.  Full Article

Halliburton CEO says expect co's U.S. Land results to moderate in Q4 - conf call‍​
Monday, 23 Oct 2017 10:00am EDT 

Oct 23 (Reuters) - Halliburton Co ::Halliburton CEO says "Improving oil price outlook provides runway for us to increase our portfolio pricing as we go forward" - conf call‍​.Halliburton CEO says "Our fleet is sold out for the remainder of the year and into 2018" - conf call‍​.Halliburton CEO says the oil and gas industry will largely remain in a range-bound commodity price environment in the near to medium term - conf call‍​.Halliburton CFO says "we expect our U.S. Land results to moderate" in Q4 due to holidays, lower efficiency levels experienced in winter months - conf call‍​.Halliburton CFO says in drilling and evaluation division, expect north america revenue to change in line with average U.S. Land rig count - conf call‍​.Halliburton CFO says Q4 drilling and evaluation division to see international revenue increase by low single digits - conf call .Halliburton CFO says for completion and production division, expect north america revenue to outperform average change in U.S. Land rig counts by several hundred basis points in Q4 - conf call.Halliburton CFO says Q4 completion and production division to see international revenue increase by low single digits - conf call.Halliburton CEO says pricing pressure to persist, likely offset a lot of gains from activity in international markets, particularly going into 2018 - conf call.  Full Article

Landmark post-Halliburton decision from 8th Circuit allows Best Buy to escape class action

A once-promising securities class action against Best Buy came to a whimpering end on Friday, when U.S. District Judge Donovan Frank of St. Paul, Minnesota, granted summary judgment to the electronics chain, which had been accused of misrepresenting its projected earnings in a conference call with analysts way back in 2010.