Halliburton Furloughs 3,500 Workers at Texas Headquarters [Yahoo! Finance News]
Halliburton Company (HAL)
Last halliburton company earnings: 4/20 06:45 am
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Source: Yahoo! Finance News
) -- Halliburton Co., the world’s biggest provider of fracking services, will furlough about 3,500 workers at its Houston headquarters as crude prices plunged to an 18-year low. The mandatory time-off will last as long as 60 days, Halliburton said in an emailed statement. Employees will work one-week-on, one-week-off schedules -- and without pay during off weeks -- as the oilfield-services company tries to cut costs in a “difficult market.” Benefits, including health insurance, won’t be interrupted. Halliburton is the latest oil giant to scale back as drillers around the world face the worst oil market crash in a generation. Parsley Energy Inc. announced a 40% spending cut while ConocoPhillips disclosed plans to trim outlays on drilling and buybacks by $2.2 billion. The hired hands of the oil patch like Halliburton are expected to see customer spending on new wells and fracking to drop significantly from prior expectations, according to Tudor, Pickering, Holt & Co. Drilling and fracki
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News
- Halliburton (NYSE: HAL) had its price target raised by analysts at Citigroup Inc. from $45.00 to $50.00. They now have a "buy" rating on the stock.MarketBeat
- Halliburton (NYSE: HAL) had its "buy" rating re-affirmed by analysts at Benchmark Co.. They now have a $45.00 price target on the stock.MarketBeat
- Halliburton Company (NYSE:HAL) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Rhino Resources and Halliburton to Sign Contract for Integrated Deep-Water Services Offshore NamibiaBusiness Wire
- Halliburton (NYSE: HAL) had its price target raised by analysts at TD Cowen from $47.00 to $48.00. They now have a "buy" rating on the stock.MarketBeat
HAL
Earnings
- 4/23/24 - Beat
HAL
Sec Filings
- 4/24/24 - Form 10-Q
- 4/23/24 - Form 8-K
- 4/2/24 - Form DEFA14A
- HAL's page on the SEC website