After cutting thousands of jobs during the coronavirus pandemic, the oil industry is accelerating its embrace of remote drilling and fracking, changes that will reshape its workforce permanently.More than a third of the S&P 500 are expected to report their quarterly results this week, providing investors with a fuller picture of the coronavirus pandemic’s impact on U.S. businesses. Halliburton Co. engages in the provision of services and products to the energy industry related to the exploration, development, and production of oil and natural gas. The world’s largest oil-field services company is cutting about 21,000 jobs as oil producers slash spending in response to a historic drop in prices amid the coronavirus pandemic.Companies brought back office workers in May or early June only to send them home again. Halliburton Co. engages in the provision of services and products to the energy industry related to the exploration, development, and production of oil and natural gas. Book Value per Share North America revenue dropped 68% to $1.05 billion, just shy of expectations of $1.08 billion. Get the latest Halliburton Company (HAL) stock news and headlines to help you in your trading and investing decisions. Halliburton Company. Since then, HAL stock has increased by 107.8% and is now trading at $16.27. Registration on or use of this site constitutes acceptance of our Excluding non-recurring items, such as a $1.1 billion impairment and other charges to adjust costs with market conditions, adjusted earnings per share came to 5 cents, compared with the FactSet consensus for a per-share loss of 11 cents. HAL | Complete Halliburton Co. stock news by MarketWatch. * Average Estimates in Million (e.g. Please disable your ad-blocker and refresh. The Drilling and Evaluation segment provides field and reservoir modeling, drilling, evaluation, and wellbore placement solutions that enable customers to model, measure, and optimize their well construction activities.
Dividend). . Close The company was founded by Erle P. Halliburton in 1919 and is headquartered in Houston, TX. Updated daily, it takes into account day-to-day movements in market value compared to a company’s liability structure. The company was founded by Erle P. Halliburton in 1919 and is headquartered in Houston, TX. Pence told ‘to be on standby’ for Trump’s 2019 hospital visit, new book says; Trump denies having ‘mini-strokes’ Free Float in % Wall Street analysts welcomed the news, as well as an unexpected quarterly profit.Positive vaccine news and an upgrade on Amazon lifted markets Monday.Wall Street is optimistic that Halliburton can transform itself into a smaller and more efficient—and more profitable—operator.Deals, warrants and earnings are stealing the headlines.Shares of Halliburton Co. swung to a gain of 5.2% in premarket trading Monday, reversing an earlier loss, after the oil services company reported a surprise second-quarter adjusted profit but revenue that fell short of expectations. If you have an ad-blocker enabled you may be blocked from proceeding. The Completion and Production segment delivers cementing, stimulation, intervention, pressure control, specialty chemicals, artificial lift, and completion services.
We take a look at earnings estimates for some clues.The S&P 500 closed at its highest level ever Tuesday, capping a remarkable rebound fueled by unprecedented government stimulus and optimism among investors about the world’s ability to manage the coronavirus pandemic.A growing distaste for the oil business among potential young employees, combined with the economic crisis of the pandemic, could make it harder to tackle competition from renewable energy and electric vehicles.If crude recovery sustains, since more people are getting back to work on easing lockdown measures, many explorers will consider adding rigs.Wells Fargo analyst Christopher Voie maintained a Hold rating on Halliburton (HAL) on August 13. HAL 16.02 0.21 (1.33%). ]The third quarter is already half over. Leading oil-field-services companies Halliburton, Baker Hughes and Schlumberger have done themselves a favor by quickly confronting their new reality and ruthlessly cutting costs. Plus, a Senate vote on Fed governors.The S&P 500 closed at its highest level ever Tuesday, capping a remarkable rebound fueled by unprecedented government stimulus and optimism among investors about the world’s ability to manage the coronavirus pandemic.A growing distaste for the oil business among potential young employees, combined with the economic crisis of the pandemic, could make it harder to tackle competition from renewable energy and electric vehicles.Kamala Harris is the Democratic vice presidential candidate, but Susan Rice probably made a lot more money this month. The Completion and Production segment delivers cementing, stimulation, intervention, pressure control, specialty chemicals, artificial lift, and completion services. Revenue) or per share (e.g. Find the latest Halliburton Company (HAL) stock quote, history, news and other vital information to help you with your stock trading and investing. The Drilling and Evaluation segment provides field and reservoir modeling, drilling, evaluation, and wellbore placement solutions that enable customers to model, measure, and optimize their well construction activities.