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2018-07-25 09:00:00

HALLIBURTON NET INCOME $511 MLN

HALLIBURTON NET INCOME $511 MLN

HALLIBURTONHalliburton Company (NYSE:HAL) announced income from continuing operations of $511 million, or $0.58 per diluted share, for the second quarter of 2018. This compares to reported income from continuing operations for the first quarter of 2018 of $46 million, or $0.05 per diluted share, and adjusted income from continuing operations for the first quarter of 2018 of $358 million, or $0.41 per diluted share, excluding impairments and other charges related to a write-down of all of the Company's remaining investment in Venezuela. Operating income was $789 million during the second quarter of 2018, compared to reported operating income of $354 million and adjusted operating income of $619 million in the first quarter of 2018.

"We executed on our plan and delivered strong results. We achieved total company revenue of $6.1 billion, representing a 7% increase, while operating income was $789 million, a 27% increase over adjusted operating income for the first quarter of 2018. Our overall strategy is working well and we plan to stay the course," commented Jeff Miller, President and CEO.

"Our Completion & Production division grew operating income by 34%, primarily driven by the strength of U.S. land. Despite pricing levels that have yet to fully rebound from the recent down cycle, we are achieving outstanding margins.

"North America had a strong performance this quarter. This is the largest and fastest growing energy market in the world. On a year-to-date basis, we have grown revenues 47% year over year, while the U.S. land rig count has increased 16%. U.S. land achieved margins that are closing in on what we achieved during the previous peak in 2014.

"Halliburton is better positioned for the international recovery than it has ever been and we are ready to make the most of it. We have competitive market share in all of the major markets and have consistently executed to manage the changing dynamics.

"Halliburton is resilient, adaptable and creative and we outperform by keeping our core competencies strong and delivering superior service quality. Our value proposition resonates with our customers and we will continue to maximize their asset value, while providing industry leading returns for our shareholders," concluded Miller.

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Earlier:

 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.

 HALLIBURTON NET LOSS $149 MLN
2017, January, 24, 21:45:00

HALLIBURTON NET LOSS $149 MLN

Halliburton Company (NYSE:HAL) announced a loss from continuing operations of $149 million, or $0.17 per diluted share, for the fourth quarter of 2016.

 

 

 

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