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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News
- Halliburton CEO sees speedy return to Venezuela, downplays risks - FT [Seeking Alpha]Seeking Alpha
- Halliburton (NYSE:HAL) had its price target raised by analysts at BMO Capital Markets from $31.00 to $36.00. They now have a "market perform" rating on the stock.MarketBeat
- Halliburton (NYSE:HAL) had its "outperform" rating reaffirmed by analysts at Royal Bank Of Canada.MarketBeat
- Halliburton promotes Casey Maxwell to president, Western Hemisphere [Yahoo! Finance]Yahoo! Finance
- SCHD: Modeling Expected Changes For The March 2026 Reconstitution [Seeking Alpha]Seeking Alpha
HAL
Earnings
- 10/21/25 - Beat
HAL
Sec Filings
- 1/14/26 - Form 8-K
- 1/12/26 - Form 4
- 1/12/26 - Form 4
- HAL's page on the SEC website