Negative $40 oil reflects panic - and U.S. crude market economic reality [Reuters]
Halliburton Company (HAL)
Last halliburton company earnings: 4/20 06:45 am
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Source: Reuters
Negative $40 oil reflects panic - and U.S. crude market economic reality (Reuters) - Traders desperate to avoid owning oil fled the markets on Monday, sending crude futures into negative territory for the first time ever, in recognition that the coronavirus pandemic has sapped demand for fuel and there is not enough storage for the massive glut of oil present on U.S. soil. Investors sold the May futures contract due to expire on Tuesday in a series of waves. At one point the contract hit negative $40. When the trading stopped, crude oil had ended the day at a negative $37.63 a barrel, a decline of some 305%, or $55.90 a barrel. For as sudden as the day’s declines were, it was weeks in the making. The coronavirus pandemic cut fuel demand worldwide by roughly 30% beginning in early March, but for several weeks, the supply of oil worldwide has continued to build. Even the recent deal by OPEC and other major oil-producing countries to reduce supply will not be fast enough, nor large enoug
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- Halliburton Appoints Shannon Slocum as Executive Vice President and Chief Operating OfficerBusiness Wire
- Halliburton Appoints Timothy A. Leach to Board of DirectorsBusiness Wire
- Halliburton declares $0.17 dividend [Seeking Alpha]Seeking Alpha
- Halliburton Announces DividendBusiness Wire
- Halliburton (NYSE:HAL) had its price target raised by analysts at Morgan Stanley from $26.00 to $30.00. They now have an "overweight" rating on the stock.MarketBeat
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Earnings
- 10/21/25 - Beat
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Sec Filings
- 12/5/25 - Form 144
- 12/4/25 - Form 8-K
- 12/3/25 - Form 3
- HAL's page on the SEC website