Halliburton(HAL)

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Halliburton(HAL) - 2019 Q3 - Earnings Call Transcript
2019-10-21 16:35
Halliburton Company (NYSE:HAL) Q3 2019 Results Earnings Conference Call October 21, 2019 9:00 AM ET Company Participants Abu Zeya - Senior Director, Investor Relations Jeffrey Miller - Chairman, President and Chief Executive Officer Lance Loeffler - Executive Vice President and Chief Financial Officer Conference Call Participants James West - Evercore ISI Angeline Sedita - Goldman Sachs Sean Meakim - JP Morgan Scott Gruber - Citigroup Chase Mulvehill - Bank of America Merrill Lynch Kurt Hallead - RBC Capita ...
Halliburton Company (HAL) CEO Jeff Miller Presents at 2019 Barclays CEO Energy-Power Brokers Conference (Transcript)
2019-09-04 17:44
Halliburton Company Conference Call Summary Company Overview - **Company**: Halliburton Company (NYSE: HAL) - **Industry**: Oilfield Services - **CEO**: Jeff Miller - **Conference Date**: September 4, 2019 Key Points Industry Dynamics - Long-term growth fundamentals for the oil and gas sector are strong, particularly as U.S. shale matures and international spending increases [3][5] - The OPEC-Plus agreement is managing production to support oil prices, with demand growth expected from economies in India and China [4][5] - International drilling and completion spending is anticipated to increase across all regions, entering a multi-year growth phase [5][6] Company Positioning - Halliburton has a global scale with a full range of services across all markets, allowing it to adapt to industry challenges [3][6] - The company has seen a 6% growth internationally last year and a 12% growth in the first half of the current year, with expectations for high-single-digit growth [7] - Halliburton is focused on maximizing asset value for customers through innovative solutions and efficiency improvements [6][9] Financial Strategy - The company is committed to generating free cash flow and returning cash to shareholders, with a focus on capital discipline [3][11] - Non-fracked service lines have seen a 40% increase in revenue per rig since Q1 2017, indicating a strategic shift towards diversified service offerings [14] - Halliburton plans to cut overall capital expenditures (CapEx) in 2019 and 2020, aligning with shareholder expectations for returns [17][29] Market Challenges - Near-term uncertainties include U.S.-China trade tensions and geopolitical issues affecting supply [4][10] - The maturation of shale plays in North America is leading to a focus on efficiency and well productivity, with operators pushing service prices down [11][12] - The company anticipates a combination of consolidation and rationalization in the pressure pumping market, which could improve industry structure [13][32] Technological Advancements - Halliburton is investing in digital automation and innovative technologies to enhance well productivity and operational efficiency [9][15] - The company is cautious about the adoption of electric fracturing (e-frac) technology, emphasizing the need for sustainable economics before widespread implementation [52][55] Customer Relationships - Halliburton is adapting to changing customer spending patterns, focusing on maintaining flexibility and managing costs effectively [26][27] - The company is open to longer-term contracts but emphasizes the need for attractive returns and alignment with its operational model [37][38] Future Outlook - Momentum is building internationally, with expectations for improved activity and pricing power as equipment supply and demand balance tightens [16][30] - Halliburton is positioned to capitalize on international growth opportunities, leveraging its technology portfolio and competitive advantages [16][39] Additional Insights - The company has closed technology gaps in critical product lines and is focusing on building out its Production Chemicals and Artificial Lift businesses internationally [8][9] - Halliburton's approach to risk management in lump sum turnkey (LSTK) projects reflects its commitment to service quality and operational efficiency [44][50] This summary encapsulates the key insights from the Halliburton conference call, highlighting the company's strategic positioning, market dynamics, and future outlook in the oilfield services industry.
Halliburton(HAL) - 2019 Q2 - Quarterly Report
2019-07-26 14:05
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q Large Accelerated Filer ☒ Accelerated Filer ☐ Non-accelerated Filer ☐ Emerging Growth Company ☐ Smaller Reporting Company ☐ ☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended June 30, 2019 OR ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from _____ to _____ Commission File Number 001-0349 ...
Halliburton(HAL) - 2019 Q2 - Earnings Call Transcript
2019-07-22 17:50
Halliburton Company (NYSE:HAL) Q2 2019 Earnings Conference Call July 22, 2019 9:00 AM ET Company Participants Abu Zeya - Senior Director, Investor Relations Jeff Miller - Chairman, President & Chief Executive Officer Lance Loeffler - Chief Financial Officer Conference Call Participants Angie Sedita - Goldman Sachs Sean Meakim - JPMorgan James West - Evercore ISI Scott Gruber - Citi Bill Herbert - Simmons Chase Mulvehill - Bank of America Merrill Lynch Kurt Hallead - RBC David Anderson - Barclays Operator Go ...
Halliburton(HAL) - 2019 Q1 - Quarterly Report
2019-04-26 13:58
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q [X] Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended March 31, 2019 OR [ ] Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from _____ to _____ Commission File Number 001-03492 HALLIBURTON COMPANY (a Delaware corporation) 75-2677995 3000 North Sam Houston Parkway East Houston, Texas 77032 (Add ...
Halliburton(HAL) - 2019 Q1 - Earnings Call Transcript
2019-04-22 18:23
Halliburton Company (NYSE:HAL) Q1 2019 Earnings Conference Call April 22, 2019 9:00 AM ET Company Participants Abu Zeya - Senior Director, Investor Relations Jeff Miller - Chairman, President and Chief Executive Officer Lance Loeffler - Chief Financial Officer Conference Call Participants Angeline Sedita - Goldman Sachs Group Inc. James West - Evercore ISI Judson Bailey - Wells Fargo Securities LLC William Herbert - Simmons & Company International Scott Gruber - Citigroup Sean Meakim - J.P. Morgan Chase & C ...
Halliburton(HAL) - 2018 Q4 - Annual Report
2019-02-13 20:07
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) [X] Annual Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the fiscal year ended December 31, 2018 OR [ ] Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from ______ to ______ Commission File Number 001-03492 HALLIBURTON COMPANY (Exact name of registrant as specified in its charter) Delaware 75-2677995 (State or othe ...
Halliburton(HAL) - 2018 Q4 - Earnings Call Transcript
2019-01-22 20:32
Halliburton Company (NYSE:HAL) Q4 2018 Earnings Conference Call January 22, 2019 9:00 AM ET Company Participants Abu Zeya - Senior Director, Investor Relations Jeff Miller - Chairman, President and Chief Executive Officer Lance Loeffler - Chief Financial Officer Conference Call Participants James West - Evercore ISI Judson Bailey - Wells Fargo Securities LLC William Andrew Herbert - Simmons & Company International Sean Meakim - J.P. Morgan Chase & Co. Scott Gruber - Citigroup James Wicklund - Credit Suisse ...