$HAL (Halliburton Company)

$HAL {{ '2016-07-20T13:26:04+0000' | timeago}} • Webcast

$HAL said revenue in North America declined 15% with margins moving down to an operating loss of 8%. The main drivers were the impact of reduced pricing in activity in the company's stimulation, wireline and drilling product lines. The company said Latin America revenue fell 12% and operating income declined 54%.

$HAL {{ '2017-10-24T17:38:56+0000' | timeago}} • Webcast

For using of free cash flow, $HAL said it is still focused on debt retirement and it has $400MM maturity next year that it plans to pay off. $HAL will consider growth opportunities, both acquisitions and organic and wants to be value accretive, generate industry-leading service company returns, with speed of short duration or rapid payback.

$HAL {{ '2017-10-24T17:34:40+0000' | timeago}} • Webcast

With respect to production, $HAL said it will invest in those things that it can uniquely use to drive value for the company and will look to partner in those places where it can't. In fact with rigs, $HAL works very closely with rig contractors and had a lot of success in its project management business, driving lower cost and better returns.

$HAL {{ '2017-10-24T17:18:14+0000' | timeago}} • Webcast

For completion and production division, $HAL expects that North America revenue will outperform the average change in U.S. land rig count by several hundred basis points while international revenue will rise by low single digits. $HAL sees the operating profitability for its completion and production division to rise marginally in 4Q17.

$HAL {{ '2017-10-24T17:17:00+0000' | timeago}} • Webcast

In drilling and evaluation division, $HAL expects North America revenue will change in line with the average U.S. land rig count while international revenue to rise by low-single digits. The company expects the operating profitability for its drilling and evaluation division to rise marginally in 4Q17.

$HAL {{ '2017-10-24T17:14:24+0000' | timeago}} • Webcast

$HAL sees U.S. land results to moderate in 4Q17 due to holidays and lower efficiency levels in winter, particularly across the Rockies and Northern U.S. In international business, $HAL believes typical seasonal uptick in year-end product and software sales to be lower this year versus traditional levels as customer budgets are largely exhausted.

$HAL {{ '2017-10-24T17:04:11+0000' | timeago}} • Webcast

During 3Q17, total sand volume for $HAL continued to increase, but its average sand per well remained sequentially flat. Data points from the last two quarters and its discussions indicate customers are focused on cost-effective production. $HAL's sand per well was down in the Bakken, Rockies and Northeast, while it was up in the Permian Basin.

$HAL {{ '2017-10-24T16:57:59+0000' | timeago}} • Webcast

During 3Q17, $HAL's U.S. land rig count effectively flattened as customers reacted to shareholder input and their own view of market conditions for the balance of the year. However, $HAL's revenue increased and it saw improved activity in completions related product lines due to the natural lag between drilling and completing wells.

$HAL {{ '2017-10-23T12:27:26+0000' | timeago}} • Infographic

$HAL Halliburton Co. Earnings AlphaGraphic: Q3 2017 Highlights

$HAL {{ '2017-10-23T11:13:07+0000' | timeago}} • Announcement

$HAL's International revenue for 3Q17 was $2.3 billion, a 4% increase from the previous quarter. This results primarily from increased activity across multiple product services lines in Latin America, and increased pressure pumping services and drilling activity in the Eastern Hemisphere.

$HAL {{ '2017-10-23T11:12:54+0000' | timeago}} • Announcement

$HAL's North America revenue for 3Q17 grew 14% sequentially, relative to a 6% increase in average U.S. rig count. This was due to higher utilization and pricing throughout the U.S. land sector in the majority of its product service lines, primarily pressure pumping, as well as higher well completion and pressure pumping activity in Canada.

$HAL {{ '2017-10-23T11:12:43+0000' | timeago}} • Announcement

$HAL's Drilling and Evaluation revenue for 3Q17 rose 4% to $1.9Bil from 2Q17. This was primarily due to increased drilling activity in the Middle East, North America and Latin America. In the Eastern Hemisphere, growth in its Consulting and Project Management product line was partially offset by activity declines across Asia Pacific.

$HAL {{ '2017-10-23T11:12:31+0000' | timeago}} • Announcement

$HAL's Completion and Production revenue for 3Q17 grew 13% to $3.5Bil from 2Q17. This was primarily due to improved utilization and pricing throughout the United States land sector in the majority of product service lines, as well as contributions from recent artificial lift acquisition.

$HAL {{ '2017-10-23T11:12:14+0000' | timeago}} • Announcement

$HAL reported a jump in 3Q17 earnings on higher Completion and Production revenue. Net income rose to $365MM or $0.42 per share from $6MM or $0.01 per share last year. Revenue grew to $5.44Bil from $3.83Bil. $HAL said its North American business is hitting on all cylinders and international business proved resilient in a challenging environment.

$MSFT {{ '2017-08-22T13:46:38+0000' | timeago}} • Announcement

$MSFT and $HAL made a strategic alliance to drive digital transformation across the oil and gas industry. Microsoft Azure will become Halliburton’s preferred public cloud provider for iEnergy, an E&P network and ecosystem of customers, developers, and suppliers.

$HAL {{ '2017-07-27T17:14:02+0000' | timeago}} • Announcement

$HAL announced the resolution of the previously disclosed investigations regarding its operations in Angola and Iraq. The company agreed to a total payment of $29.2MM for disgorgement, prejudgment interest and a civil penalty, and to engage an independent consultant to review aspects of its compliance program in Africa.

$HAL {{ '2017-07-24T18:41:53+0000' | timeago}} • Webcast

In 3Q17, in the Completion and Production division, $HAL expects North America sequential revenue to outperform average US land rig count and international revenue to be flat. Margins are expected to increase by 225-325 BP. In the Drilling and Evaluation division, it anticipates North America revenue to be in line with average US land rig count.

$HAL {{ '2017-07-24T18:19:05+0000' | timeago}} • Webcast

$HAL said it expects improvement in activity in the international markets in 2H17, though these improvements may not offset the continued pricing pressures. "As a result, the international markets will continue to move sideways," the company said.

$HAL {{ '2017-07-24T12:48:06+0000' | timeago}} • Infographic

$HAL Halliburton Company Earnings AlphaGraphics: Q2 2017 highlights

$HAL {{ '2017-07-24T11:34:04+0000' | timeago}} • Announcement

In 2Q17, $HAL's Completion and Production revenue was $3.1Bil, up 48%, helped by improved pressure pumping utilization and pricing in the US land market. Drilling and Evaluation revenue grew 6% to $1.8Bil due to higher drilling activity in North America, Latin America, North Sea, and Russia.

$HAL {{ '2017-07-24T11:28:45+0000' | timeago}} • Announcement

$HAL's North America revenue in 2Q17 soared 82%YoY to $2.8Bil, due to increased utilization and pricing throughout the US land sector. Meanwhile, International revenue slipped 5.7% to $2.2Bil, weighed down by Europe/Africa/CIS region.

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