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2018-10-24 11:00:00

HALLIBURTON NET INCOME $435 MLN

HALLIBURTON NET INCOME $435 MLN

HALLIBURTON - Halliburton Company (NYSE:HAL) announced income from continuing operations of $435 million, or $0.50 per diluted share, for the third quarter of 2018. This compares to income from continuing operations for the second quarter of 2018 of $511 million, or $0.58 per diluted share. Operating income was $716 million during the third quarter of 2018, compared to operating income of $789 million in the second quarter of 2018.

"I am pleased with our overall financial results for the third quarter. Our team optimized our performance in North America in the face of short-term challenges, and the recovery of our international operations continued," commented Jeff Miller, President and CEO.

"Total company revenue of $6.2 billion was essentially flat quarter over quarter, while operating income was $716 million, a 9% decrease compared to the second quarter of 2018, largely due to the softening North America market for completion services.

"In North America, a combination of offtake capacity constraints and our customers' budget exhaustion led to less demand than expected for completion services. I believe that these are temporary issues, and that the catalysts for improving demand for services are clearly visible: supportive commodity pricing, expanding offtake capacity, building well inventory, and reloaded customer budgets.

"Our international business continues to show signs of a steady recovery, with revenue increasing 5% sequentially, and every international region growing this quarter.

"In both of our divisions, we continue to invest in technologies and capabilities that we believe will drive growth, create meaningful differentiation, and deliver industry-leading returns. As a result, we are able to provide cutting edge technology that sets new standards for service quality and performance, and makes better wells for our customers.

"The outlook for global commodity supply and demand dynamics is constructive. I am confident that Halliburton has the right strategy, technology, and services to deliver industry-leading returns. We remain the leader in North America, which we believe is poised for a better 2019, and Halliburton is better positioned than it has ever been for the international recovery," concluded Miller.

 

More information is here.

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Earlier:

HALLIBURTON NET INCOME $511 MLN
2018, July, 25, 09:00:00

HALLIBURTON NET INCOME $511 MLN

HALLIBURTON - Halliburton Company (NYSE:HAL) announced income from continuing operations of $511 million, or $0.58 per diluted share, for the second quarter of 2018.

 
 HALLIBURTON NET INCOME $46 MLN
2018, April, 25, 09:30:00

HALLIBURTON NET INCOME $46 MLN

HALLIBURTON - Halliburton Company (NYSE:HAL) announced income from continuing operations of $46 million, or $0.05 per diluted share, for the first quarter of 2018.

 

 HALLIBURTON NET LOSS $824 MLN
2018, January, 24, 07:20:00

HALLIBURTON NET LOSS $824 MLN

HALLIBURTON - Halliburton Company (NYSE:HAL) announced a loss from continuing operations of $805 million, or $0.92 per diluted share, for the fourth quarter of 2017.

 

 MAERSK-AKER-HALLIBURTON ALLIANCE
2017, November, 22, 11:00:00

MAERSK-AKER-HALLIBURTON ALLIANCE

OGJ - Maersk Drilling and Aker BP announced a drilling rig alliance based on a tripartite collaboration model that also includes service provider Halliburton Co.

 

 HALLIBURTON NET INCOME $365 MLN
2017, October, 24, 22:27:00

HALLIBURTON NET INCOME $365 MLN

Halliburton Company (NYSE:HAL) announced income from continuing operations of $365 million, or $0.42 per diluted share, for the third quarter of 2017.

 

 HALLIBURTON NET INCOME $28 MLN
2017, July, 25, 22:16:00

HALLIBURTON NET INCOME $28 MLN

Halliburton Company (NYSE:HAL) announced income from continuing operations of $28 million, or $0.03 per diluted share, for the second quarter of 2017.

 

 HALLIBURTON NET LOSS $32 MLN
2017, April, 25, 21:58:00

HALLIBURTON NET LOSS $32 MLN

Halliburton Company (NYSE:HAL) announced a loss from continuing operations of $32 million, or $0.04 per diluted share, for the first quarter of 2017.

 

 

Tags: HALLIBURTON