ABN AMRO announces the acquisition of Hauck Aufhäuser Lampe, strengthening top 3 position in wealth management in Germany Today, ABN AMRO announces it has reached an agreement with Fosun International to acquire Hauck Aufhäuser Lampe (“HAL”), a leading German private bank. With the acquisition of HAL, Bethmann Bank – ABN AMRO’s private banking arm in Germany – will become one of the largest providers of banking services for wealthy private clients, family businesses and institutional clients in Germany. Th ...

The Oil/Energy sector is well-known for its inherent unpredictability, with frequent spikes and falls. While significant price fluctuations have always been a hallmark of investments in oil and natural gas, the level of uncertainty has significantly increased in recent years, particularly following the COVID-19 pandemic.This volatility is a reflection of substantial uncertainty in demand/supply fundamentals, with the companies’ profits often depending on commodity prices. Headwinds across the political spec ...

Halliburton (HAL) closed the most recent trading day at $35.98, moving -1.07% from the previous trading session. The stock's change was less than the S&P 500's daily loss of 0.74%. Meanwhile, the Dow experienced a drop of 1.53%, and the technology-dominated Nasdaq saw a decrease of 0.39%.The provider of drilling services to oil and gas operators's stock has dropped by 6.07% in the past month, falling short of the Oils-Energy sector's loss of 1.83% and the S&P 500's gain of 6.06%.Analysts and investors alike ...

Halliburton Company (HAL) , one of the world’s leading providers of products and services to the energy industry, and German gas and oil producer Wintershall Dea GmbH have announced a significant license agreement. Under this agreement, Wintershall Dea will employ the new Unified Ensemble Modeling (UEM) solution from Halliburton Landmark, a subsidiary of Halliburton, in the drilling campaign at the Maria Field in 2025.This innovative approach integrates static and dynamic data in real time to represent subs ...

Halliburton Company (HAL) , a leading energy service provider, is inviting African businesses to participate in the oil and gas industry. This exciting opportunity allows local companies to showcase their skills and become part of large-scale projects.This initiative is a big win for Africa. The African Energy Chamber applauded Halliburton's move, highlighting its potential to boost participation from African companies. This move exemplifies how multinational companies can drive local content development ev ...

Halliburton Company (HAL) has recently clinched an award from Rhino Resources Ltd. for the construction of multiple deepwater integrated wells in Namibia. Per the terms of the contract, Halliburton will be responsible for providing a comprehensive set of solutions for the construction of exploration and appraisal wells, in addition to testing services.HAL plans to extend its operational facilities in the country in order to support its product service lines. Through this expansion, the company seeks to fost ...

Halliburton (HAL) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future.Over the past month, shares of this provider of drilling services to oil and gas operators have returned -2.2%, compared to the Zacks S&P 500 composite's -2% change. During this period, the Zacks Oil and Gas - Field Services industry, which Halliburton falls in, has lost 2.3%. The key question now is ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _______to_______ Commission File Number 001-03492 HALLIBURTON COMPANY (Exact name of registrant as specified in its charter) Delaware 75-2677995 (State or other jurisdic ...

Core Viewpoint - Halliburton Company reported strong first-quarter 2024 results, with adjusted net income per share of 76 cents, exceeding expectations and showing year-over-year improvement, driven by international market strength despite weak North American performance [1] Financial Performance - Adjusted net income per share was 76 cents, surpassing the Zacks Consensus Estimate of 74 cents and improving from 72 cents in the prior year [1] - Revenues reached $5.8 billion, a 2.2% increase from the same period in 2023, and above the Zacks Consensus Estimate of $5.7 billion [1] - North American revenues fell 7.9% year over year to $2.4 billion, below the projected $2.6 billion, while international revenues rose 11.9% to $3.3 billion, exceeding the estimate of $3.1 billion [2] Segment Performance - Operating income from the Completion and Production segment was $688 million, up from $666 million year-over-year and above the projection of $660.4 million, driven by improved sales and activity in various regions [2] - Drilling and Evaluation unit profit increased from $369 million in Q1 2023 to $398 million in Q1 2024, attributed to higher drilling-related services in the Middle East and North America [3] Capital Expenditure and Cash Flow - Capital expenditure for the first quarter was $330 million, lower than the projected $338.7 million [5] - The company generated $487 million in cash flow from operations, leading to free cash flow of $206 million [5] - Halliburton had approximately $1.9 billion in cash and cash equivalents and $7.6 billion in long-term debt, with a debt-to-capitalization ratio of 44.1% [5] Management Insights and Outlook - Management emphasized that the company's strategy and execution were key to strong results, noting a rebound in North American activity and consistent international growth for 11 consecutive quarters [6] - Halliburton generated $2.3 billion in free cash flow in 2023 and sees clients' multi-year activity plans as indicative of a strong upcycle [6]

Halliburton Company (NYSE:HAL) Q1 2024 Earnings Conference Call April 23, 2024 9:00 AM ET Company Participants David Coleman - Senior Director of Investor Relations Jeffrey Miller - President, Chief Executive Officer, and Chairman Eric Carre - Executive Vice President, and Chief Financial Officer Conference Call Participants David Anderson - Barclays Neil Mehta - Goldman Sachs Arun Jayaram - JP Morgan Securities Roger Read - Wells Fargo Securities James West - Evercore ISI Scott Gruber - Citigroup Luke Lemo ...