Halliburton Company (HAL) , a U.S.-based oilfield services company, was recently hit by a cyberattack that seemingly affected business operations at its north Houston campus. The company stated that it was aware of an issue affecting certain systems, and was diligently working to determine the cause and impact of the problem. Halliburton also mentioned working with leading external agents to resolve the issues.The attack also caused some issues in its global connectivity network. The company urged its staff ...

Core Viewpoint - Halliburton has secured a significant multi-year contract with Petrobras to provide integrated well intervention and plug and abandonment services in Brazil, starting in Q2 2025, enhancing its strategic position in the offshore market [1][3]. Detailed Service Offerings - The contract includes a comprehensive range of services such as fluids, completion equipment, wireline, slickline, flowback services, and coiled tubing, aimed at ensuring operational efficiency through HAL's project management [2]. Strategic Importance and Benefits - The partnership is expected to optimize production and asset value for Petrobras, with Halliburton's capabilities in engineering tailored solutions to extend well lifespan and access challenging reserves [3]. - This contract solidifies Halliburton's market presence in Brazil, reaffirming its leadership in specialized oilfield services [3]. Outlook and Industry Impact - The contract positions Halliburton favorably in the evolving offshore sector in Brazil, allowing it to capitalize on future opportunities amid increasing efficiency and cost-effectiveness demands [4]. - Halliburton is committed to environmental standards and operational best practices, aiming to minimize environmental impact while maximizing efficiency through sustainable solutions [4]. Conclusion - The contract with Petrobras marks a pivotal milestone for Halliburton's strategic expansion in Brazil, showcasing its operational excellence and commitment to delivering value-added solutions in the oil and gas industry [5].

Shares of Halliburton Company (HAL) have dropped by more than 15% over the past three months to close at $31.85 on Monday, near 52-week lows of $30.31. Underperforming the sector and the S&P 500, the drop can be attributed to weaker North American activity and a lower margin outlook.3-Month Price Performance Image Source: Zacks Investment ResearchOn the surface, the current share price seems an excellent opportunity to build a position in a renowned company — after all you would much rather buy closer to th ...

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 June 30, 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 jurisdict ...

Former President Trump’s improving odds of a second term have already influenced investor behavior. The “Trump trade” is gradually being priced into various sectors.However, there is a long way to go for some undervalued Trump stocks that are still poised to benefit from his potential victory.Market volatility has risen with President Joe Biden stepping back and Vice President Kamala Harris’ inevitable nomination. Still, recent PredicIt consensus shows Trump narrowing his edge slightly over Harris, giving h ...

Long-term stocks are, by definition, stocks that investors plan to hold for a year or longer. Owning these stocks allows investors to ignore the daily ups and downs of the market. These are known as sleep-at-night stocks, and they never go out of style.  That strategy was put to the test in the last 18 months. The number of stocks posting significant gains was limited to a select few, mostly in the technology sector. That meant some investors may have been having some restless nights. But heading into the s ...

Core Insights - Energy stocks experienced volatility in 2022 due to rising demand post-COVID and supply shocks from the Ukrainian war, but have since declined in 2023 as energy prices remained flat [1] - The beginning of 2024 saw a boost in energy stocks due to heightened oil prices, yet heating oil and natural gas prices have been declining, with current prices below 2022 peaks [1] - Certain energy stocks are predicted to perform poorly, suggesting that divesting from them by 2025 may be prudent for investors [1] Company Summaries Halliburton (HAL) - Halliburton reported a 1% increase in revenue to $5.83 billion but an 8% decline in North American revenue, causing investor concerns [2] - The stock closed 5.6% lower at $34.40 per share, with a year-to-date decline of 4.76% and a 12-month loss of 6.88% [2] - HAL has underperformed compared to the S&P 500 Energy Index, which rose by around 9% in the same period, indicating potential trouble ahead [3] Tenaris (TS) - Tenaris experienced an 8.4% year-to-date decline in stock price and reported a 17% year-over-year revenue decline to $3.4 billion [4] - Earnings fell by 34% to $1.27, signaling a warning for investors [4] - Analysts expect further declines in earnings, suggesting that TS stock should be divested by 2025 [5] Occidental Petroleum (OXY) - Occidental Petroleum reported a 17.3% year-over-year decline in quarterly revenue to $5.98 billion and a 29.69% drop in net income to $888 million [6] - Adjusted earnings per share fell by 42.2% year over year to 63 cents, indicating poor financial performance [6] - The company's investment in unproven carbon capture technology raises concerns about future performance, suggesting OXY stock should also be divested by 2025 [7]

Halliburton (HAL) and SLB (SLB) are two of the biggest names in the oilfield service space, and both came up with their second-quarter 2024 results on Friday, Jul 19. Let’s do a comparative analysis of the Zacks Rank #4 (Sell) companies’ reported numbers. You can see the complete list of today’s Zacks #1 Rank stocks here.Earnings & RevenuesHalliburton reported second-quarter 2024 adjusted net income per share of 80 cents, in line with the Zacks Consensus Estimate and above the year-ago quarter profit of 77 ...

Loading...Loading...Halliburton Company HAL reported worse-than-expected second-quarter revenue results on Friday.Halliburton reported second-quarter 2024 revenue of $5.833 billion, missing the consensus of $5.949 billion. EPS of 80 cents was in line with the consensus, according to data from Benzinga Pro.Completion and Production revenue was $3.4 billion, flat Q/Q, while Drilling and Evaluation revenue came in at $2.4 billion, flat Q/Q.International revenue was $3.4 billion, an increase of 3% Q/Q, with rev ...

Trump's likely policies in a potential second term could provide catalysts for these stocks.Republicans now officially have their presidential candidate. Former President Donald Trump cruised to his third nomination at the Republican National Convention last week.Less than four months remain before Americans go to the polls to cast their votes. However, it's not too soon for investors to begin considering which stocks might perform well under different presidential candidates.At least one investor has start ...