Halliburton upbeat on 2018 as oil recovery spreads [Reuters]
Halliburton Company (HAL)
Last halliburton company earnings: 4/20 06:45 am
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Source: Reuters
Halliburton upbeat on 2018 as oil recovery spreads | Reuters 4 Min Read (Reuters) - U.S. oilfield services company Halliburton Co ( HAL.N ) reported a bigger-than-expected adjusted quarterly profit on Monday and gave an upbeat outlook for 2018, as higher oil prices continue to push U.S. production to near-record levels. Halliburton’s optimistic view for its U.S. and international operations comes as rising crude prices spur demand for oilfield services. Its results, along with those of larger rival Schlumberger ( SLB.N ), suggested the oil and gas recovery will spread beyond U.S. onshore to international exploration and production markets. “I am very excited about the way 2018 is shaping up,” said Chief Executive Jeff Miller during the company’s fourth-quarter earnings call. “North American unconventional activity should be very busy,” he added, referring to growth in production from U.S. shale. Halliburton’s shares were up more than 5 percent at $55.71 in midday trading. The comp
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- Halliburton (NYSE: HAL) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating.MarketBeat
HAL
Earnings
- 1/23/24 - In-Line
HAL
Sec Filings
- 4/2/24 - Form DEFA14A
- 4/2/24 - Form DEF
- 4/1/24 - Form 4
- HAL's page on the SEC website