All articles tagged with #halliburton
Originally Published 6 days ago — by CNBC
The article highlights the biggest premarket stock movements involving companies like Chevron, Halliburton, QXO, and Duolingo, indicating notable trading activity before the market opens.
Originally Published 1 year ago — by CNBC
CNBC's Jim Cramer is optimistic about the future of oil service stocks, particularly SLB and Halliburton, following their strong earnings reports which highlighted robust international business and increased efficiency. Both companies have seen stock gains post-earnings, with SLB's 10 consecutive quarters of double-digit growth and a 10% dividend raise signaling confidence in future success. Cramer's concerns about efficiency were alleviated by Halliburton's explanation of improved margins and increased revenue from each well, leading him to believe that these stocks have room to climb further.
Originally Published 1 year ago — by Yahoo Finance
Halliburton Co. is increasing its quarterly dividend by 6% to 17 cents a share, the highest since the pandemic began, following strong fourth-quarter earnings and $1.1 billion in free cash flow. The company anticipates a robust demand for oilfield services and plans to focus on international expansion as US shale work slows down. This move follows a similar dividend increase by rival SLB, signaling a shift towards offshore markets. Despite a projected minimal change in US and Canada sales, Halliburton expects a 12% increase in the rest of its business.
Originally Published 2 years ago — by The Guardian
Customs records reveal that over $7.1 million worth of equipment manufactured by Halliburton has been imported into Russia since the company announced the end of its Russian operations. Despite selling its Russian office in September 2022, Halliburton subsidiaries continued to export equipment to Russia, with the majority of exports going to its former operation known as BurService. The findings highlight the challenges faced by multinational companies in untangling their trading relationships and controlling the distribution of their products. US oil and gas companies are already facing scrutiny over their trade with Russia, with concerns raised about their conduct and profit-seeking behavior.
Originally Published 2 years ago — by Reuters.com
Halliburton and Baker Hughes reported better-than-expected second-quarter profits, but both companies warned of weakness in U.S. shale activity for the remainder of the year. Weaker oil and gas prices have led to a reduction in active rigs, impacting demand for drilling equipment and services. While international markets showed promise, concerns remain about the North American market. Halliburton expects flat revenue in the third quarter, while Baker Hughes raised its order outlook for its industrial and energy technology segment.
Originally Published 2 years ago — by Barron's
Despite a decline in oil prices, Halliburton, the oilfield services provider, reported better-than-expected earnings per share of 72 cents in Q1 2023, compared to the consensus of 67 cents among analysts surveyed by FactSet. The company's revenue was $5.7 billion, beating expectations for $5.5 billion. However, the stock is still dropping.