Halliburton Earnings Beat with Free Cash Flow Up 79% in a Year

Houston-based oil and gas servicing giant Halliburton reported better than expected fourth quarter earnings Tuesday before the market. HAL posted adjusted income of $656 million, or 72 cents per share, for the quarter compared with a 67 cent EPS consensus. It wasn’t long ago oil services companies were debt laden and loss making, free cash flow was up 79% y/y in Q4 2022. HAL followed up a mixed start to earnings season for the world’s top oilfield services providers with … Continue reading “Halliburton Earnings Beat with Free Cash Flow Up 79% in a Year”

Oil Field Services Giant SLB Earnings Beat Expectations, Raises Dividend

The world’s largest oil fields service company SLB (formerly known as Schlumberger) reported better than expected fourth quarter earnings Friday before the market opened. SLB increased its quarterly dividend by 43%, raised it to 25.0 cents a share from 17.5 cents a share. Higher demand for its services and equipment, as producers capitalize on the global energy crisis and higher crude and natural gas production. Growth was driven by its core divisions. The oil service giant’s peers Baker Hughes (BKR) … Continue reading “Oil Field Services Giant SLB Earnings Beat Expectations, Raises Dividend”

Halliburton Earnings Doubled on Structural demand for More Oil and Gas Supply

Houston-based oil and gas servicing giant Halliburton reported better than expected third quarter earnings Tuesday before the market. HAL followed up last quarters ‘biggest since 2018 numbers’ by more than doubling the figure from a year earlier with revenue up 6% from the previous quarter. HAL stock was trading up 1.05% on the news. Improved North American and international markets for drilling, completion, and production with $HAL’s aggressive approach to cutting costs flowed through. Peers Schlumberger and Baker Hughes also … Continue reading “Halliburton Earnings Doubled on Structural demand for More Oil and Gas Supply”

Oil Drilling Ramp and Record Natural Gas Production Deliver for Schlumberger

The world’s largest oil fields service company Schlumberger reported better than expected third quarter earnings Friday before the market opened. SLB reported its strongest adjusted profit since 2015 sending $SLB up to $48.65 +2.96 (+6.48%) after the releases. Higher demand for its services and equipment, as producers capitalize on the global energy crisis and rebound in crude and natural gas prices. Growth was driven by its core divisions. Updated: The oil service giant results compared with its peers Baker Hughes … Continue reading “Oil Drilling Ramp and Record Natural Gas Production Deliver for Schlumberger”

What to Expect from Schlumberger Earnings with OPEC+ and Record Natural Gas Production

The world’s largest oil fields service company Schlumberger report third quarter earnings Friday before the market open, stepping up this quarter’s Energy earnings. Last quarter $SLB increased its full fiscal year outlook as it’s EPS soared 66%. Higher demand for its services and equipment, as producers capitalize on a rebound in crude and natural gas prices. Growth was driven by its core divisions. The oil service giant results compare with its peers Baker Hughes (BKR) on Wednesday and Halliburton (HAL) … Continue reading “What to Expect from Schlumberger Earnings with OPEC+ and Record Natural Gas Production”

Halliburton Quarterly Profit Biggest Since 2018 With Oil and Gas Demand Pressure

Oil and gas servicing giant Halliburton reported better than expected second quarter earnings Tuesday before the market. HAL reported earnings per share of 49 cents from $5.1 billion in sales. Analysts were looking for EPS of 45 cents and $4.7 billion in sales. HAL stock was trading up 3.5% on the news. Improved North American and international markets for drilling, completion, and production with $HAL’s aggressive approach to cutting costs flowed through. The Baker Hughes oil rig count benefiting oil … Continue reading “Halliburton Quarterly Profit Biggest Since 2018 With Oil and Gas Demand Pressure”

Halliburton Sees Multi Year Upcycle Unfolding With Increased Demand for Services

Oil and gas servicing giant Halliburton reported mixed third quarter earnings Tuesday before the market. EPS were as expected but revenue lower. Improved North American and international markets for drilling, completion, and production with $HAL’s aggressive approach to cutting costs flowed through. The Baker Hughes oil rig count benefiting oil service companies have been recovering since falling off the cliff with the decreased activity in North America and the world since the Covid pandemic. Halliburton serves the upstream oil and … Continue reading “Halliburton Sees Multi Year Upcycle Unfolding With Increased Demand for Services”

Halliburton Earnings Rise as Multi Year Upcycle Unfolds

Oil and gas servicing giant Halliburton reported better than expected second quarter earnings Tuesday before the market. Improved North American and international markets for drilling, completion, and production with $HAL’s aggressive approach to cutting costs flowed through.

Halliburton Delivers Surprise Profit Despite Pandemic Hit Oil and Gas Industry

Oil and gas servicing giant Halliburton reported better than expected second quarter earnings Monday before the market with a surprise profit in Q2. $HAL’s aggressive approach to cutting costs flowed through. $HAL is ahead of Schlumberger’s report

Halliburton International Momentum Continues, Short Squeeze Pops Stock Higher

Oil and gas servicing giant Halliburton reported in line third second quarter earnings Monday before the market but with lower revenue. $HAL followed earnings from Schlumberger.. $HAL said momentum building internationally and activity improvement should continue, the stock popped 8% squeezing short interest.