- Reported net loss of $0.02 per diluted share
- Adjusted net income of $0.11 per diluted share, excluding
severance and other charges
- Cash flow from operating activities of $420 million and free
cash flow of $265 million
Halliburton Company (NYSE: HAL) announced today a net loss of
$17 million, or $0.02 per diluted share, for the third quarter of
2020. This compares to a net loss for the second quarter of 2020 of
$1.7 billion, or $1.91 per diluted share. Adjusted net income for
the third quarter of 2020, excluding severance and other charges,
was $100 million, or $0.11 per diluted share. This compares to
adjusted net income for the second quarter of 2020, excluding
impairments and other charges, of $46 million, or $0.05 per diluted
share. Halliburton's total revenue in the third quarter of 2020 was
$3.0 billion, a 7% decrease from revenue of $3.2 billion in the
second quarter of 2020. Reported operating income was $142 million
in the third quarter of 2020 compared to reported operating loss of
$1.9 billion in the second quarter of 2020. Excluding impairments,
severance and other charges, adjusted operating income was $275
million in the third quarter of 2020, a 17% increase from adjusted
operating income of $236 million in the second quarter of 2020.
“The fundamentally different course we are charting is having a
positive impact on our performance. Halliburton’s strong third
quarter results demonstrate that we are effectively executing on
our strategic priorities,” commented Jeff Miller, Chairman,
President and CEO.
“Total company revenue was about $3.0 billion and adjusted
operating income was $275 million. We improved our margin
performance both internationally and in North America and are on
track to generate over $1.0 billion in free cash flow for the
year.
“The pace of activity declines
in the international markets is slowing, while the North America
industry structure continues to improve, and activity is
stabilizing.
“We have a strong
international business, a lean North America operation, and an
efficient capital deployment strategy, all enabled by continued
adoption of leading digital technologies that benefit our customers
and Halliburton.
“We believe executing on our
strategic priorities will boost our earnings power reset and free
cash flow generation today and as we power into and win the
eventual recovery,” concluded Miller.
Operating Segments
Completion and Production
Completion and Production revenue in the third quarter of 2020
was $1.6 billion, a decrease of $98 million, or 6%, when compared
to the second quarter of 2020, while operating income was $212
million, an increase of $53 million, or 33%. The decline in revenue
was driven by reduced completion tool sales across
Europe/Africa/CIS, the Gulf of Mexico, and Latin America, coupled
with lower cementing activity in Middle East/Asia and North America
land. It was partially offset by higher stimulation activity and
artificial lift sales in North America land, higher activity across
multiple product service lines in Argentina, as well as increased
pipeline services in Europe/Africa/CIS. Additionally, service
delivery improvements and cost reductions related to stimulation
activity in North America land contributed to increased overall
margins.
Drilling and Evaluation
Drilling and Evaluation revenue in the third quarter of 2020 was
$1.4 billion, a decrease of $123 million, or 8%, when compared to
the second quarter of 2020, while operating income was $105
million, a decrease of $22 million, or 17%. These declines were
primarily due to reduced drilling-related and wireline services in
North America and the Eastern Hemisphere, coupled with lower
project management activity in Middle East/Asia, partially offset
by improved drilling activity in Latin America.
Geographic Regions
North America
North America revenue in the third quarter of 2020 was $984
million, a 6% decrease when compared to the second quarter of 2020.
This decline was driven by decreased well construction activity in
U.S. land, coupled with reduced activity across multiple product
service lines in the Gulf of Mexico, partially offset by higher
stimulation activity and artificial lift sales in U.S. land.
International
International revenue in the third quarter of 2020 was $2.0
billion, a 7% decrease when compared to the second quarter of 2020,
primarily driven by reduced well construction and project
management activity in Middle East/Asia, lower completion tool
sales in Europe/Africa/CIS, and lower wireline activity in the
Eastern Hemisphere, partially offset by increased pressure pumping
and drilling-related services in Latin America and increased
pipeline services in Europe/Africa/CIS.
Latin America revenue in the third quarter of 2020 was $380
million, a 10% increase sequentially, resulting primarily from
increased activity across multiple product service lines in
Argentina, Colombia and Mexico, partially offset by reduced
activity in Ecuador and lower completion tool sales in Guyana.
Europe/Africa/CIS revenue in the third quarter of 2020 was $649
million, a 6% decrease sequentially, resulting primarily from lower
completion tool sales across the region, reduced drilling-related
services in Norway, and a decline in fluids and cementing activity
in Russia, partially offset by higher activity across multiple
product service lines in Azerbaijan and a seasonal increase in
pipeline services in Europe.
Middle East/Asia revenue in the third quarter of 2020 was $962
million, a 13% decrease sequentially, largely resulting from
reduced well construction activity across the region, lower project
management and wireline activity in the Middle East, and decreased
project management activity in India, partially offset by higher
completion tool sales in United Arab Emirates and Saudi Arabia.
Other Financial Items
Halliburton recognized $133 million of pre-tax severance and
other charges in the third quarter to further adjust its cost
structure to market conditions.
Selective Technology &
Highlights
- Halliburton introduced SmartFleet™, the first intelligent
automated fracturing system. SmartFleet, unlike any current
fracturing fleet, gives operators real-time fracture control while
pumping by integrating subsurface fracture measurements, live 3D
visualization, and real-time fracture commands. With SmartFleet,
operators can control fracture outcomes in ways not previously
possible, through real-time fracture decision making and commands.
This includes automated actions while pumping to improve
near-wellbore and far-field fracture placement, as well as directly
manage frac hits.
- Halliburton introduced Cerebro Force™ in-bit sensors, a
first-of-its-kind technology that captures weight, torque and
bending measurements directly from the bit to improve understanding
of downhole environments, optimize bit design and increase drilling
efficiency. Built on Halliburton’s successful in-bit vibration
sensing platform, Cerebro Force utilizes downhole data to reduce or
eliminate surface measurement uncertainty and inefficiencies caused
by bit design, bottomhole assembly and drilling parameter
selection.
- PTTEP, a national petroleum exploration and production company
in Thailand, awarded Halliburton a contract to design and implement
a series of digital transformation projects as part of PTTEP’s
Advanced Production Excellence (APEX) Initiative. APEX will improve
operational efficiency and production in four offshore fields:
Arthit, Greater Bongkot South, Greater Bongkot North and the
Myanmar Zawtika Field. Halliburton will deploy its DecisionSpace®
Production Suite of cloud applications to improve production
operations from the subsurface to processing facilities.
- Halliburton received a scope expansion from Petroliam Nasional
Berhad (PETRONAS) to support their upstream digitalization
initiatives and reduce exploration time by increasing collaboration
and efficiency. PETRONAS is the custodian of Malaysia’s oil and gas
resources and a Fortune Global 500 energy company with a presence
in more than 50 countries. Halliburton will deliver its
DecisionSpace 365 cloud software that provides an integrated
platform to help operators like PETRONAS achieve their business
objectives. The cloud solution will connect all international and
domestic operations across the PETRONAS global portfolio.
- Halliburton and Honeywell announced a collaboration to maximize
asset potential, reduce execution risk and lower the total cost of
ownership for oil and gas operators. The collaboration will
leverage Halliburton’s DecisionSpace 365 cloud applications and
Honeywell Forge, a powerful industrial analytics software solution,
to deliver unparalleled insights about oil and gas assets.
- Neptune Energy announced that it will adopt Halliburton’s
DecisionSpace 365 well construction suite of cloud applications
powered by iEnergy® Hybrid Cloud to consolidate all global drilling
and wells activities for its geographically diverse and
gas-weighted portfolio, improve efficiency, and significantly
reduce non-productive time. The three-year agreement will reduce
the duration for planning wells from weeks to days, automate
engineering calculations, and consolidate data currently held
across multiple global locations into one. DecisionSpace 365 cloud
applications will enable Neptune to incorporate artificial
intelligence, machine learning, and data analytics to solve
upstream challenges and support the company’s overall digital
transformation.
- Halliburton announced the creation of Halliburton Labs – a
collaborative environment where entrepreneurs, academics,
investors, and industrial labs come together to advance cleaner,
affordable energy. Located at Halliburton’s Houston headquarters,
Halliburton Labs adds unique support to the flourishing innovation
community and fosters an open environment where participating
companies can collaborate to solve current and future clean-energy
challenges. Halliburton Labs announced that its first advisory
board members will be Reginald DesRoches, John Grotzinger, and
Walter Isaacson. Advisory board members will help guide Halliburton
Labs’ vision, strategy, evaluation of applicants, cohort selection
and other matters.
About Halliburton
Founded in 1919, Halliburton is one of the world's largest
providers of products and services to the energy industry. With
more than 40,000 employees, representing 140 nationalities in more
than 80 countries, the company helps its customers maximize value
throughout the lifecycle of the reservoir – from locating
hydrocarbons and managing geological data, to drilling and
formation evaluation, well construction and completion, and
optimizing production throughout the life of the asset. Visit the
company’s website at www.halliburton.com. Connect with Halliburton
on Facebook, Twitter, LinkedIn, Instagram and YouTube.
Forward-looking
Statements
The statements in this press release that are not historical
statements, including statements regarding future financial
performance, are forward-looking statements within the meaning of
the federal securities laws. These statements are subject to
numerous risks and uncertainties, many of which are beyond the
company's control, which could cause actual results to differ
materially from the results expressed or implied by the statements.
These risks and uncertainties include, but are not limited to: the
severity and duration of the COVID-19 pandemic, related economic
repercussions and the resulting negative impact on demand for oil
and gas; the current significant surplus in the supply of oil and
the ability of the OPEC+ countries to agree on and comply with
supply limitations; the duration and magnitude of the unprecedented
disruption in the oil and gas industry currently resulting from the
impact of the foregoing factors, which is negatively impacting our
business; operational challenges relating to the COVID-19 pandemic
and efforts to mitigate the spread of the virus, including
logistical challenges, protecting the health and well-being of our
employees, remote work arrangements, performance of contracts and
supply chain disruptions; the continuation or suspension of our
stock repurchase program, the amount, the timing and the trading
prices of Halliburton common stock, and the availability and
alternative uses of cash; changes in the demand for or price of oil
and/or natural gas; potential catastrophic events related to our
operations, and related indemnification and insurance matters;
protection of intellectual property rights and against
cyber-attacks; compliance with environmental laws; changes in
government regulations and regulatory requirements, particularly
those related to oil and natural gas exploration, radioactive
sources, explosives, chemicals, hydraulic fracturing services, and
climate-related initiatives; compliance with laws related to income
taxes and assumptions regarding the generation of future taxable
income; risks of international operations, including risks relating
to unsettled political conditions, war, the effects of terrorism,
foreign exchange rates and controls, international trade and
regulatory controls and sanctions, and doing business with national
oil companies; weather-related issues, including the effects of
hurricanes and tropical storms; changes in capital spending by
customers, delays or failures by customers to make payments owed to
us and the resulting impact on our liquidity; execution of
long-term, fixed-price contracts; structural changes and
infrastructure issues in the oil and natural gas industry;
maintaining a highly skilled workforce; availability and cost of
raw materials; agreement with respect to and completion of
potential dispositions, acquisitions and integration and success of
acquired businesses and operations of joint ventures. Halliburton's
Form 10-K for the year ended December 31, 2019, Form 10-Q for the
quarter ended June 30, 2020, recent Current Reports on Form 8-K and
other Securities and Exchange Commission filings discuss some of
the important risk factors identified that may affect Halliburton's
business, results of operations, and financial condition.
Halliburton undertakes no obligation to revise or update publicly
any forward-looking statements for any reason.
HALLIBURTON COMPANY
Condensed Consolidated Statements
of Operations
(Millions of dollars and shares
except per share data)
(Unaudited)
Three Months Ended
September 30
June 30
2020
2019
2020
Revenue:
Completion and Production
$
1,574
$
3,506
$
1,672
Drilling and Evaluation
1,401
2,044
1,524
Total revenue
$
2,975
$
5,550
$
3,196
Operating income (loss):
Completion and Production
$
212
$
446
$
159
Drilling and Evaluation
105
150
127
Corporate and other
(42
)
(60
)
(50
)
Impairments and other charges (a)
(133
)
—
(2,147
)
Total operating income (loss)
142
536
(1,911
)
Interest expense, net
(122
)
(141
)
(124
)
Other, net
(21
)
(23
)
(48
)
Income (loss) before income
taxes
(1
)
372
(2,083
)
Income tax benefit (provision) (b)
(18
)
(76
)
402
Net income (loss)
$
(19
)
$
296
$
(1,681
)
Net (income) loss attributable to
noncontrolling interest
2
(1
)
5
Net income (loss) attributable to
company
$
(17
)
$
295
$
(1,676
)
Basic and diluted net income (loss) per
share
$
(0.02
)
$
0.34
$
(1.91
)
Basic and diluted weighted average common
shares outstanding
882
876
877
(a)
See Footnote Table 1 for details of the
2020 impairments and other charges.
(b)
The tax benefit (provision) includes the
tax effect on impairments and other charges recorded during the
respective periods.
See Footnote Table 1 for Reconciliation of
As Reported Operating Income (Loss) to Adjusted Operating
Income.
See Footnote Table 2 for Reconciliation of
As Reported Net Loss to Adjusted Net Income.
HALLIBURTON COMPANY
Condensed Consolidated Statements
of Operations
(Millions of dollars and shares
except per share data)
(Unaudited)
Nine Months Ended
September 30
2020
2019
Revenue:
Completion and Production
$
6,029
$
10,973
Drilling and Evaluation
5,179
6,244
Total revenue
$
11,208
$
17,217
Operating income (loss):
Completion and Production
$
713
$
1,284
Drilling and Evaluation
452
418
Corporate and other
(152
)
(190
)
Impairments and other charges (a)
(3,353
)
(308
)
Total operating income (loss)
(2,340
)
1,204
Interest expense, net
(380
)
(428
)
Loss on early extinguishment of debt
(b)
(168
)
—
Other, net
(92
)
(61
)
Income (loss) before income
taxes
(2,980
)
715
Income tax benefit (provision) (c)
265
(190
)
Net income (loss)
$
(2,715
)
$
525
Net (income) loss attributable to
noncontrolling interest
5
(3
)
Net income (loss) attributable to
company
$
(2,710
)
$
522
Basic and diluted net income (loss) per
share
$
(3.08
)
$
0.60
Basic weighted average common shares
outstanding
879
874
Diluted weighted average common shares
outstanding
879
875
(a)
During the nine months ended September 30,
2020, Halliburton recognized a pre-tax charge of $3.4 billion
primarily related to non-cash impairments of long-lived assets
associated with pressure pumping equipment and real estate, as well
as inventory write-offs, severance costs, and other charges. During
the nine months ended September 30, 2019, Halliburton recognized a
pre-tax charge of $308 million primarily related to asset
impairments and severance costs.
(b)
During the nine months ended September 30,
2020, Halliburton recognized a $168 million loss on extinguishment
of debt related to the early redemption of $1.5 billion aggregate
principal amount of senior notes.
(c)
The tax benefit (provision) includes the
tax effect on impairments and other charges recorded during the
respective periods. Additionally, during the nine months ended
September 30, 2020, based on current market conditions and the
expected impact on the Company's business, Halliburton recognized a
$310 million tax expense associated with a valuation allowance on
its deferred tax assets.
HALLIBURTON COMPANY
Condensed Consolidated Balance
Sheets
(Millions of dollars)
(Unaudited)
September 30
December 31
2020
2019
Assets
Current assets:
Cash and equivalents
$
2,115
$
2,268
Receivables, net
3,145
4,577
Inventories
2,580
3,139
Other current assets
1,183
1,228
Total current assets
9,023
11,212
Property, plant and equipment, net
5,033
7,310
Goodwill
2,804
2,812
Deferred income taxes
2,056
1,683
Operating lease right-of-use assets
761
931
Other assets
1,197
1,429
Total assets
$
20,874
$
25,377
Liabilities and Shareholders’
Equity
Current liabilities:
Accounts payable
$
1,548
$
2,432
Accrued employee compensation and
benefits
503
604
Current portion of operating lease
liabilities
240
208
Current maturities of long-term debt
195
11
Other current liabilities
1,437
1,623
Total current liabilities
3,923
4,878
Long-term debt
9,632
10,316
Operating lease liabilities
754
825
Employee compensation and benefits
530
525
Other liabilities
832
808
Total liabilities
15,671
17,352
Company shareholders’ equity
5,200
8,012
Noncontrolling interest in consolidated
subsidiaries
3
13
Total shareholders’ equity
5,203
8,025
Total liabilities and shareholders’
equity
$
20,874
$
25,377
HALLIBURTON COMPANY
Condensed Consolidated Statements
of Cash Flows
(Millions of dollars)
(Unaudited)
Nine Months Ended
Three Months Ended
September 30
September 30
2020
2019
2020
Cash flows from operating
activities:
Net income (loss)
$
(2,715
)
$
525
$
(19
)
Adjustments to reconcile net income (loss)
to cash flows from operating activities:
Impairments and other charges
3,353
308
133
Depreciation, depletion and
amortization
829
1,253
230
Working capital (a)
476
(656
)
180
Deferred income tax benefit
(380
)
(77
)
(27
)
Other operating activities
(320
)
(75
)
(77
)
Total cash flows provided by (used in)
operating activities
1,243
1,278
420
Cash flows from investing
activities:
Capital expenditures
(510
)
(1,190
)
(155
)
Proceeds from sales of property, plant and
equipment
199
143
77
Other investing activities
(33
)
(83
)
15
Total cash flows provided by (used in)
investing activities
(344
)
(1,130
)
(63
)
Cash flows from financing
activities:
Payments on long-term borrowings
(1,653
)
(11
)
—
Proceeds from issuance of long-term debt,
net
994
—
—
Dividends to shareholders
(238
)
(472
)
(40
)
Stock repurchase program
(100
)
(100
)
—
Other financing activities
25
33
5
Total cash flows provided by (used in)
financing activities
(972
)
(550
)
(35
)
Effect of exchange rate changes on
cash
(80
)
(35
)
(18
)
Increase (decrease) in cash and
equivalents
(153
)
(437
)
304
Cash and equivalents at beginning of
period
2,268
2,008
1,811
Cash and equivalents at end of
period
$
2,115
$
1,571
$
2,115
(a)
Working capital includes receivables,
inventories and accounts payable.
See Footnote Table 3 for Reconciliation of
Cash Flows from Operating Activities to Free Cash Flow.
HALLIBURTON COMPANY
Revenue and Operating Income
(Loss) Comparison
By Operating Segment and
Geographic Region
(Millions of dollars)
(Unaudited)
Three Months Ended
September 30
June 30
Revenue
2020
2019
2020
By operating segment:
Completion and Production
$
1,574
$
3,506
$
1,672
Drilling and Evaluation
1,401
2,044
1,524
Total revenue
$
2,975
$
5,550
$
3,196
By geographic region:
North America
$
984
$
2,949
$
1,049
Latin America
380
608
346
Europe/Africa/CIS
649
831
691
Middle East/Asia
962
1,162
1,110
Total revenue
$
2,975
$
5,550
$
3,196
Operating Income
(Loss)
By operating segment:
Completion and Production
$
212
$
446
$
159
Drilling and Evaluation
105
150
127
Total
317
596
286
Corporate and other
(42
)
(60
)
(50
)
Impairments and other charges
(133
)
—
(2,147
)
Total operating income (loss)
$
142
$
536
$
(1,911
)
See Footnote Table 1 for Reconciliation of
As Reported Operating Income (Loss) to Adjusted Operating
Income.
HALLIBURTON COMPANY
Revenue and Operating Income
(Loss) Comparison
By Operating Segment and
Geographic Region
(Millions of dollars)
(Unaudited)
Nine Months Ended
September 30
Revenue
2020
2019
By operating segment:
Completion and Production
$
6,029
$
10,973
Drilling and Evaluation
5,179
6,244
Total revenue
$
11,208
$
17,217
By geographic region:
North America
$
4,493
$
9,551
Latin America
1,242
1,766
Europe/Africa/CIS
2,171
2,402
Middle East/Asia
3,302
3,498
Total revenue
$
11,208
$
17,217
Operating Income
(Loss)
By operating segment:
Completion and Production
$
713
$
1,284
Drilling and Evaluation
452
418
Total
1,165
1,702
Corporate and other
(152
)
(190
)
Impairments and other charges
(3,353
)
(308
)
Total operating income (loss)
$
(2,340
)
$
1,204
FOOTNOTE TABLE 1
HALLIBURTON COMPANY
Reconciliation of As Reported
Operating Income (Loss) to Adjusted Operating Income
(Millions of dollars)
(Unaudited)
Three Months Ended
September 30, 2020
June 30, 2020
As reported operating income (loss)
$
142
$
(1,911
)
Impairments and other charges:
Severance
83
241
Long-lived asset impairments
31
1,252
Inventory costs and write-downs
11
494
Other
8
160
Total impairments and other charges
(a)
133
2,147
Adjusted operating income (b)
$
275
$
236
(a)
During the three months ended September
30, 2020, Halliburton recognized a pre-tax charge of $133 million
primarily related to severance costs. During the three months ended
June 30, 2020, Halliburton recognized a pre-tax charge of $2.1
billion primarily related to non-cash impairments of long-lived
assets associated with pressure pumping equipment and real estate,
as well as inventory write-offs, severance costs, and other
charges.
(b)
Management believes that operating income
(loss) adjusted for impairments and other charges for the three
months ended September 30, 2020 and June 30, 2020 is useful to
investors to assess and understand operating performance,
especially when comparing those results with previous and
subsequent periods or forecasting performance for future periods,
primarily because management views the excluded items to be outside
of the company's normal operating results. Management analyzes
operating income without the impact of these items as an indicator
of performance, to identify underlying trends in the business, and
to establish operational goals. The adjustments remove the effect
of these items. Adjusted operating income is calculated as: “As
reported operating income (loss)” plus "Total impairments and other
charges" for the respective periods.
FOOTNOTE TABLE 2
HALLIBURTON COMPANY
Reconciliation of As Reported Net
Loss to Adjusted Net Income
(Millions of dollars and shares
except per share data)
(Unaudited)
Three Months Ended
September 30, 2020
June 30, 2020
As reported net loss attributable to
company
$
(17
)
$
(1,676
)
Adjustments:
Impairments and other charges
133
2,147
Noncontrolling interest equipment
impairments
(2
)
(7
)
Total adjustments, before taxes
131
2,140
Tax benefit (a)
(14
)
(418
)
Total adjustments, net of taxes (b)
117
1,722
Adjusted net income attributable to
company (b)
$
100
$
46
As reported diluted weighted average
common shares outstanding (c)
882
877
Adjusted diluted weighted average common
shares outstanding (c)
883
878
As reported net loss per diluted share
(d)
$
(0.02
)
$
(1.91
)
Adjusted net income per diluted share
(d)
$
0.11
$
0.05
(a)
The tax benefit in the table above
includes the tax effect on impairments and other charges during the
respective periods.
(b)
Management believes that net loss adjusted
for impairments and other charges, along with the associated
noncontrolling interest, is useful to investors to assess and
understand operating performance, especially when comparing those
results with previous and subsequent periods or forecasting
performance for future periods, primarily because management views
the excluded items to be outside of the company's normal operating
results. Management analyzes net income without the impact of these
items as an indicator of performance to identify underlying trends
in the business and to establish operational goals. Total
adjustments remove the effect of these items. Adjusted net income
attributable to company is calculated as: “As reported net loss
attributable to company” plus "Total adjustments, net of taxes" for
the three months ended September 30, 2020 and June 30, 2020.
(c)
For the three months ended September 30,
2020 and June 30, 2020, as reported diluted weighted average common
shares outstanding excludes one million shares each associated with
stock-based compensation plans as the impact is antidilutive since
Halliburton's reported income attributable to company was in a loss
position during each period. When adjusting income attributable to
company in the periods for the adjustments discussed above, these
shares become dilutive.
(d)
As reported net loss per diluted share is
calculated as: "As reported net loss attributable to company"
divided by "As reported diluted weighted average common shares
outstanding." Adjusted net income per diluted share is calculated
as: "Adjusted net income attributable to company" divided by
"Adjusted diluted weighted average common shares outstanding."
FOOTNOTE TABLE 3
HALLIBURTON COMPANY
Reconciliation of Cash Flows from
Operating Activities to Free Cash Flow
(Millions of dollars)
(Unaudited)
Nine Months Ended
Three Months Ended
September 30
September 30
2020
2019
2020
Total cash flows provided by (used in)
operating activities
$
1,243
$
1,278
$
420
Capital expenditures
(510
)
(1,190
)
(155
)
Free cash flow (a)
$
733
$
88
$
265
(a)
Management believes that free cash flow,
which is defined as “Total cash flows provided by (used in)
operating activities” less “Capital expenditures,” is useful to
investors to assess and understand liquidity, especially when
comparing results with previous and subsequent periods. Management
views free cash flow as a key measure of liquidity in the company's
business.
Conference Call Details
Halliburton Company (NYSE: HAL) will host a conference call on
Monday, October 19, 2020, to discuss its third quarter 2020
financial results. The call will begin at 8:00 AM Central Time
(9:00 AM Eastern Time).
Please visit the website to listen to the call via live webcast.
You may also participate in the call by dialing (844) 358-9181
within North America or +1 (478) 219-0188 outside of North America.
A passcode is not required. Attendees should log in to the webcast
or dial in approximately 15 minutes prior to the start of the
call.
A replay of the conference call will be available on
Halliburton’s website until October 26, 2020. Also, a replay may be
accessed by telephone at (855) 859-2056 within North America or +1
(404) 537-3406 outside of North America, using the passcode
1236586.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20201019005132/en/
For Investors: Abu Zeya Halliburton, Investor Relations
Investors@Halliburton.com
281-871-2688
For Media: Emily Mir Halliburton, Public Relations
PR@Halliburton.com 281-871-2601
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