NYSE:HAL - New York Stock Exchange, Inc. - US4062161017 - Common Stock - Currency: USD
In a regulatory filing, Halliburton (HAL) CFO Eric Carre disclosed the sale of 141,206 common shares of the company on February 11 at a price of...
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HAL earnings call for the period ending December 31, 2024.
Halliburton Company (NYSE:HAL) shares are trading lower on Wednesday. Goldman Sachs analyst Neil Mehta reiterated the Buy rating on the stock, with a price forecast of $36. Halliburton reported a fourth-quarter revenue decline of 2.3% year-over-year to $5.610 billion, missing the consensus of $5.63 billion. Completion and Production revenue fell 4.2% YoY to $3.2 billion, with $629 million operating income. The analyst noted that softer revenue was mainly due to a decline in Completion and Produc
Fourth-quarter revenue in its largest segment, Completion and Production, fell by 4.2% compared to last year. The company also forecast softer 2025 activity in North America.
Halliburton surpassed earnings expectations but faced revenue challenges in its fourth-quarter 2024 earnings release.
Evaluate the expected performance of Halliburton (HAL) for the quarter ended December 2024, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics for better insight.
Halliburton is expected to help Iraq increase its production from the Nahr Bin Omar field to 300,000 barrels per day (bpd) from its current 50,000 bpd.
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