Halliburton sees bleak North America activity, joins rivals in spending cuts [Yahoo! Finance News]
Halliburton Company (HAL)
Last halliburton company earnings: 4/20 06:45 am
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Source: Yahoo! Finance News
The company logo of Halliburton oilfield services corporate offices is seen in HoustonReuters) - Halliburton Co on Monday joined its bigger rival Schlumberger in taking impairment hits in the first quarter and issued a bleak outlook for North America as oilfield providers grapple with an unprecedented decline in oil prices.Oil prices have collapsed more than 60% since January to levels well below the costs necessary for many shale drillers to break-even, leading to drilling halts and drastic spending cuts by producers that has hurt demand for services offered by Halliburton and rivals Schlumberger and Baker Hughes ."We expect activity in North America land to sharply decline during the second quarter and remain depressed through year-end, impacting all basins," Halliburton's Chief Executive Officer Jeff Miller said in a statement.Halliburton, which generates most of its business in North America, posted a 25% drop in revenue from the region to $2.46 billion, while international reve
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News
- 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
HAL
Earnings
- 10/21/25 - Beat
HAL
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