HAL · Halliburton
654 filings
HAL 8-K Current Reports
Halliburton - 654 current reports
HAL filed 11 annual reports (10-K), 33 quarterly reports (10-Q) and 122 current reports (8-K) between 2016 and 2026.
- 8-K · Jan 25, 2016
- 10-K · Feb 5, 2016
- 8-K · Apr 25, 2016
- 8-K · May 3, 2016
- 8-K · May 4, 2016
- 10-Q · May 6, 2016
- 8-K · May 10, 2016
- 8-K · May 20, 2016
- 8-K · May 25, 2016
- 8-K · Jun 3, 2016
- 8-K · Jun 16, 2016
- 8-K · Jul 5, 2016
- 8-K · Jul 15, 2016
- 8-K · Jul 20, 2016
- 10-Q · Aug 1, 2016
- 8-K · Aug 26, 2016
- 8-K · Sep 16, 2016
- 8-K · Oct 19, 2016
- 10-Q · Oct 28, 2016
- 8-K · Jan 23, 2017
- 10-K · Feb 7, 2017
- 8-K · Feb 14, 2017
- 8-K · Feb 16, 2017
- 8-K · Mar 7, 2017
- 8-K · Apr 24, 2017
- 10-Q · Apr 28, 2017
- 8-K · May 23, 2017
- 8-K · Jun 5, 2017
- 8-K · Jun 13, 2017
- 8-K · Jul 24, 2017
- 10-Q · Jul 28, 2017
- 8-K · Oct 23, 2017
- 10-Q · Oct 27, 2017
- 8-K · Nov 6, 2017
- 8-K · Dec 12, 2017
- 8-K · Dec 15, 2017
- 8-K · Jan 22, 2018
- 10-K · Feb 9, 2018
- 8-K · Feb 13, 2018
- 8-K · Apr 23, 2018
- 10-Q · Apr 27, 2018
- 8-K · May 18, 2018
- 8-K · Jul 23, 2018
- 10-Q · Jul 27, 2018
- 8-K · Sep 13, 2018
- 8-K · Oct 22, 2018
- 10-Q · Oct 26, 2018
- 8-K · Nov 14, 2018
- 8-K · Dec 11, 2018
- 8-K · Jan 4, 2019
- 8-K · Jan 15, 2019
- 8-K · Jan 18, 2019
- 8-K · Jan 22, 2019
- 8-K · Jan 31, 2019
- 10-K · Feb 13, 2019
- 8-K · Feb 19, 2019
- 8-K · Mar 7, 2019
- 8-K/A · Apr 22, 2019
- 8-K · Apr 22, 2019
- 10-Q · Apr 26, 2019
- 8-K · May 17, 2019
- 8-K · Jul 22, 2019
- 10-Q · Jul 26, 2019
- 8-K · Oct 21, 2019
- 10-Q · Oct 25, 2019
- 8-K · Jan 21, 2020
- 8-K · Jan 28, 2020
- 8-K · Feb 3, 2020
- 10-K · Feb 11, 2020
- 8-K · Feb 20, 2020
- 8-K · Mar 3, 2020
- 8-K · Apr 20, 2020
- 10-Q · Apr 24, 2020
- 8-K · May 22, 2020
- 8-K · Jul 20, 2020
- 10-Q · Jul 24, 2020
- 8-K · Oct 19, 2020
- 10-Q · Oct 23, 2020
- 8-K · Dec 1, 2020
- 8-K · Dec 18, 2020
- 8-K · Jan 19, 2021
- 8-K · Jan 29, 2021
- 10-K · Feb 5, 2021
- 8-K · Feb 17, 2021
- 8-K · Apr 21, 2021
- 10-Q · Apr 27, 2021
- 8-K/A · May 21, 2021
- 8-K · May 21, 2021
- 8-K · Jul 1, 2021
- 8-K · Jul 20, 2021
- 10-Q · Jul 23, 2021
- 8-K · Oct 19, 2021
- 10-Q · Oct 22, 2021
- 8-K · Jan 24, 2022
- 8-K · Jan 24, 2022
- 10-K · Feb 4, 2022
- 8-K · Feb 8, 2022
- 8-K · Feb 14, 2022
- 8-K · Feb 23, 2022
- 8-K · Apr 19, 2022
- 10-Q · Apr 22, 2022
- 8-K · Apr 28, 2022
- 8-K · May 2, 2022
- 8-K · May 19, 2022
- 8-K/A · May 19, 2022
- 8-K · Jul 19, 2022
- 10-Q · Jul 22, 2022
- 8-K · Aug 26, 2022
- 8-K · Oct 25, 2022
- 10-Q · Oct 26, 2022
- 8-K · Dec 12, 2022
- 8-K · Jan 24, 2023
- 10-K · Feb 7, 2023
- 8-K · Feb 10, 2023
- 8-K · Feb 23, 2023
- 8-K · Mar 13, 2023
- 8-K · Apr 25, 2023
- 10-Q · Apr 26, 2023
- 8-K/A · May 19, 2023
- 8-K · May 19, 2023
- 8-K · Jul 19, 2023
- 10-Q · Jul 26, 2023
- 8-K · Oct 24, 2023
- 10-Q · Oct 25, 2023
- 8-K · Jan 23, 2024
- 10-K · Feb 6, 2024
- 8-K · Feb 15, 2024
- 8-K · Apr 23, 2024
- 10-Q · Apr 24, 2024
- 8-K · May 3, 2024
- 8-K · May 15, 2024
- 8-K · Jul 19, 2024
- 10-Q · Jul 29, 2024
- 8-K · Aug 23, 2024
- 8-K · Sep 3, 2024
- 10-Q · Nov 7, 2024
- 8-K · Nov 7, 2024
- 8-K · Jan 8, 2025
- 8-K · Jan 22, 2025
- 10-K · Feb 12, 2025
- 8-K · Apr 22, 2025
- 10-Q · Apr 25, 2025
- 8-K · May 21, 2025
- 8-K · Jul 14, 2025
- 8-K · Jul 22, 2025
- 10-Q · Jul 25, 2025
- 8-K · Aug 20, 2025
- 8-K · Oct 14, 2025
- 8-K · Oct 21, 2025
- 10-Q · Oct 24, 2025
- 8-K · Dec 2, 2025
- 8-K · Dec 4, 2025
- 8-K · Jan 14, 2026
- 8-K · Jan 21, 2026
- 10-K · Feb 6, 2026
- 8-K/A · Feb 11, 2026
- 8-K · Apr 21, 2026
- 10-Q · Apr 24, 2026
- 8-K · May 20, 2026
- 8-K · Jun 29, 2026
- 8-K · Jul 21, 2026
- 10-Q · Jul 24, 2026
- 8-K · Sep 16, 2026
- 8-K · Oct 15, 2026
- 8-K · Oct 20, 2026
- 10-Q · Oct 23, 2026
Halliburton 8-K Report, Financial Results (Oct 20, 2026)
Halliburton Company (NYSE: HAL) furnished an 8-K on October 20, 2026 reporting its results for the quarter ended September 30, 2026 via Exhibit 99.1 press release. Third-quarter net income attributable to company was $417 million, or $0.50 per diluted share, compared with $534 million, or $0.64 per diluted share, in the second quarter of 2026. Excluding impairments, other charges and tax adjustments, adjusted net income attributable to company was $501 million, or $0.60 per diluted share. Total revenue was $5.7 billion, flat sequentially, with operating income of $624 million and adjusted operating income of $731 million, giving an operating margin of 10.9% and an adjusted operating margin of 12.8%. By segment, Completion and Production revenue was $3.1 billion, down $113 million sequentially on lower stimulation activity in the Western Hemisphere, while Drilling and Evaluation revenue rose $102 million to $2.6 billion, led by the Middle East and Latin America. Cash flow from operations was $368 million and free cash flow was $156 million. The company repurchased approximately $250 million of stock and paid dividends of $0.17 per share during the quarter, and recorded a pre-tax charge of $107 million for impairments and other charges, primarily $107 million of severance costs tied to rationalizing global headcount. Management stated an early outlook for 2027 of mid-single-digit revenue growth and operating margins of about 15%, an improvement of approximately 200 basis points, assuming a flat North America market and no recovery in North America hydraulic fracturing. The release also highlighted new contract awards, including work for Eni in Cyprus and bp in Brazil, and a multiyear agreement with Kuwait Oil Company.
Halliburton 8-K Report, Executive Changes (Oct 15, 2026)
Halliburton Company (HAL) reported on Form 8-K that its Board of Directors appointed David C. Hernandez as a director on October 15, 2026, filling a vacancy and leaving the Board size at 12 directors. Mr. Hernandez is President and Director of Hunt Consolidated, Inc., and brings experience in corporate strategy, capital allocation, financial oversight, enterprise risk management, regulatory compliance, and governance. He was appointed to the Audit Committee and the Health, Safety and Environment Committee, and the Board determined he is independent and designated him an audit committee financial expert. In connection with his committee assignments, Timothy A. Leach moved from the Audit Committee to the Compensation Committee. Hernandez will receive an initial restricted stock unit award of 961 RSUs under the non-management director compensation program, which provides an annual equity award of $200,000 on a prorated basis. He also entered into an indemnification agreement with Halliburton on October 15, 2026. The filing states that he has no transactions requiring disclosure under Item 404(a) of Regulation S-K. The company also issued a press release on October 15, 2026, announcing the appointment, which the filing furnishes as Exhibit 99.1. The release states Mr. Hernandez will serve until the 2027 Annual Meeting of Shareholders, subject to annual election thereafter, and quotes Chairman, President and CEO Jeff Miller describing the appointment as part of ongoing board succession and refreshment.
Halliburton 8-K Report, Corporate Update (Sep 16, 2026)
Halliburton Company filed this Current Report on Form 8-K under Item 8.01 (Other Events) to disclose a board leadership change. On September 15, 2026, the independent directors of the Board of Directors elected Mr. Maurice S. Smith as Lead Independent Director, effective immediately. He will serve until the next annual election of the Lead Independent Director by the independent directors, or until the earlier of his death, resignation, or removal. In connection with this role, Mr. Smith will receive an additional annual retainer of $40,000, consistent with the non-management director compensation program described in the Company's most recent proxy statement filed on March 31, 2026. Mr. Robert A. Malone will continue to serve as a director of the Company, and the Board and the Company thanked him for his years of service as Lead Independent Director. The filing contains no financial results, operating metrics, or transaction disclosures. Its主要 significance for investors is governance-related: a change in the independent board leadership position, with the compensation impact limited to the stated $40,000 annual retainer.
Halliburton 8-K Report, Financial Results (Jul 21, 2026)
Halliburton Company (NYSE: HAL) reported net income attributable to the company of $534 million, or $0.64 per diluted share, for the second quarter ended June 30, 2026, compared with $461 million, or $0.55 per diluted share, in the first quarter of 2026. Excluding "Impairments and other credits," adjusted net income was $461 million, or $0.55 per diluted share. Total revenue was $5.7 billion, up from $5.4 billion in the first quarter, and operating income was $778 million, or $683 million on an adjusted basis. Cash flow from operations was $824 million and free cash flow was $668 million, and the company repurchased approximately $200 million of its common stock and paid dividends of $0.17 per share. By segment, Completion and Production revenue rose 6% sequentially to $3.2 billion, driven by stimulation activity in the Western Hemisphere, while Drilling and Evaluation revenue rose 5% to $2.5 billion. By region, North America grew 7% sequentially to $2.3 billion, Europe/Africa grew 19% to $1.0 billion, and Middle East/Asia declined 2% to $1.3 billion due to the ongoing geopolitical conflict in the Middle East. Management said it expects incremental improvements in North America and sees demand growth in every international region. The filing also highlights several contract awards, including multi-year Aramco contracts in Saudi Arabia covering approximately 285 planned wells, an integrated well construction award for the GranMorgu deepwater project offshore Suriname, and a Basra Oil Company contract for the Bin Umar and Sindbad fields in southern Iraq. The second-quarter results included a pre-tax credit of $95 million from impairments and other items, primarily gains on an equity investment and a government refund recovery, partly offset by a $17 million loss on the sale of part of its chemical business.
Halliburton 8-K Report, Corporate Update (Jun 29, 2026)
Halliburton Company (HAL) filed this Form 8-K on June 29, 2026, reporting under Item 8.01 (Other Information) that it was notified on June 25, 2026 of the death of Mr. Abdulaziz F. Al Khayyal on June 24, 2026. Mr. Al Khayyal had served as a member of the Halliburton Board of Directors since 2014, and at the time of his death he sat on the Audit Committee and the Health, Safety and Environment Committee. The filing is a notice of a board vacancy rather than a financial or operational disclosure. It contains no financial results, guidance, transaction terms, or other quantitative figures. The filing does not state whether or how the board will fill the seat or reassign his committee responsibilities. For investors, the event is a governance change that reduces the board's size and removes a director from the Audit Committee and the Health, Safety and Environment Committee. It does not, on the face of this filing, signal any change to Halliburton's business, results, or outlook.
Halliburton 8-K Report, Shareholder Vote Results (May 20, 2026)
At its Annual Meeting of Shareholders held on May 20, 2026, Halliburton Company (HAL) asked shareholders to act on six matters: the election of twelve directors, ratification of KPMG LLP as principal independent public accountants for 2026, an advisory vote on executive compensation, approval of the Halliburton Energy Services, Inc. charter amendment, an amendment and restatement of the Halliburton Company Stock and Incentive Plan, and an amendment and restatement of the Halliburton Company Employee Stock Purchase Plan. All proposals were approved, and all twelve director nominees were elected. Director elections drew varying levels of support. T.M. Edwards Young received the weakest result, with 539,002,964 votes for and 92,123,434 against, while J.S. Slocum received 624,926,490 for and 6,181,575 against. The advisory say-on-pay proposal received 608,197,911 votes for, 21,910,320 against and 1,922,231 abstentions, with 79,598,195 broker non-votes. The Stock and Incentive Plan amendment passed with 595,921,363 for and 34,184,673 against, and the Employee Stock Purchase Plan amendment passed with 626,889,047 for and 4,286,717 against. For investors, the filing mainly confirms governance outcomes: board composition, auditor retention, the advisory compensation vote, and approval of equity and stock purchase plan changes. It does not disclose financial results or new transactions.
Halliburton 8-K Report, Financial Results (Apr 21, 2026)
Halliburton Company (NYSE: HAL) reported first-quarter 2026 net income attributable to the Company of $461 million, or $0.55 per diluted share, compared with $204 million, or $0.24 per diluted share, in the first quarter of 2025. Total revenue was $5.4 billion, flat compared with the first quarter of 2025. Operating income was $679 million, compared with $431 million in the prior-year quarter, which included $356 million of impairments and other charges. No impairments and other charges were recorded in the first quarter of 2026. Cash flow from operations was $273 million and free cash flow was $123 million, and the company repurchased approximately $100 million of common stock and paid dividends of $0.17 per share. By segment, Completion and Production revenue was $3.0 billion, down $104 million, or 3%, with operating income of $439 million, down $92 million, or 17%, driven mainly by lower North American stimulation activity and lower Middle East completion tool sales and pressure pumping. Drilling and Evaluation revenue was $2.4 billion, up $89 million, or 4%, with operating income flat at $351 million. By region, North America revenue fell 4% to $2.1 billion, International revenue rose 3% to $3.3 billion, with Latin America up 22%, Europe/Africa up 11%, and Middle East/Asia down 13%. Management said the Middle East conflict affected both divisions by approximately 2 to 3 cents of net income per diluted share. The filing furnishes the earnings press release under Items 2.02 and 7.01 and includes non-GAAP reconciliations for adjusted operating income, adjusted net income, and free cash flow. Management's CEO said North America shows clear signs of an early recovery.
Halliburton 8-K/A Report, Executive Changes (Feb 11, 2026)
Halliburton Company filed this Amendment No. 1 to its Form 8-K, dated February 11, 2026, to amend its December 2, 2025 Current Report concerning the appointment of Timothy A. Leach to the Board of Directors. The sole purpose of the amendment is to disclose Mr. Leach's appointment to certain Board committees. According to the filing, on February 10, 2026, the Board of Directors appointed Mr. Leach to its Audit Committee and its Nominating and Corporate Governance Committee. The Item 5.02 information reported in the December 2, 2025 Form 8-K is incorporated by reference. The filing is narrow in scope and contains no financial results, operating metrics, or compensation figures. For investors, the main takeaway is the strengthening of board oversight: Mr. Leach now sits on the Audit Committee, which oversees financial reporting and internal controls, as well as the Nominating and Corporate Governance Committee.
Halliburton 8-K Report, Financial Results (Jan 21, 2026)
Halliburton Company (NYSE: HAL) reported financial results for the fourth quarter ended December 31, 2025 in a press release furnished as Exhibit 99.1 to this Form 8-K under Items 2.02 and 7.01. The company reported net income of $589 million, or $0.70 per diluted share, and adjusted net income of $576 million, or $0.69 per diluted share, excluding impairments and other charges and tax adjustments. Total revenue was $5.7 billion ($5,657 million), compared with $5.6 billion in the third quarter of 2025, and operating income was $746 million, compared with $356 million in the third quarter. Adjusted operating income was $829 million, and the operating margin was 13% with an adjusted operating margin of 15%. For the full year 2025, total revenue was $22.2 billion versus $22.9 billion in 2024, and operating income was $2.3 billion versus $3.8 billion. Adjusted operating income was $3.1 billion versus $3.9 billion in 2024. Cash flow from operations was $1.2 billion in the fourth quarter and free cash flow was $875 million. For the full year, the company repurchased $1 billion of stock and returned 85% of free cash flow to shareholders. Management stated that North America is expected to be the first region to respond when macro fundamentals improve. During the quarter, Halliburton repurchased $250 million of common stock, retired $382 million of 3.8% senior notes due November 2025, and paid dividends of $0.17 per share. The press release also highlighted commercial and product announcements, including a distributed power collaboration with VoltaGrid for data centers, a framework agreement with Shell for umbilical-less tubing hanger services, and a contract award in OML 144 offshore Nigeria. The 8-K notes that non-GAAP measures are reconciled in the press release and on the company's website.
Halliburton 8-K Report, Executive Changes (Jan 14, 2026)
Halliburton Company (HAL) filed this Form 8-K on January 14, 2026 to report a senior leadership appointment in its North America business. On January 13, 2026, the Board of Directors appointed Michael Casey Maxwell as President, Western Hemisphere, effective February 1, 2026. Maxwell, age 44, most recently served as Senior Vice President, North America Land since July 2024, and has about 20 years of experience at Halliburton, including prior roles as Vice President, Argentina and Vice President, Permian Basin. He succeeds Mark Richard, who will serve as senior advisor to Chairman, President and CEO Jeff Miller. Under his Executive Agreement, effective February 1, 2026, Maxwell receives a minimum annual base salary of $800,000 and participates in the Halliburton Annual Performance Pay Plan, the Performance Unit Program, and the Stock and Incentive Plan, along with severance terms consistent with other similarly situated executive officers. The agreement replaces any previously signed employment agreements. Halliburton also states it will enter into an indemnification agreement with him on the same standard form used for executive officers. The filing reports no family relationships with directors or executive officers, no Item 404(a) related-person transactions, and no arrangements under which he was selected. The filing does not disclose any financial results or guidance. The leadership change is the principal disclosure, and the Regulation FD press release announcing it is furnished rather than filed.
Halliburton 8-K Report, Executive Changes (Dec 4, 2025)
Halliburton Company (NYSE: HAL) reported in a Form 8-K filed December 4, 2025 that its Board of Directors appointed Jeffrey Shannon Slocum as Executive Vice President and Chief Operating Officer, effective January 1, 2026. The Board also increased its size from 12 to 13 directors and appointed Mr. Slocum as a management director, with his term running until the 2026 Annual Meeting of Shareholders. Mr. Slocum, age 53, most recently served as president, Eastern Hemisphere. His Executive Agreement provides for a minimum annual base salary of $1,000,000, plus participation in the Annual Performance Pay Plan, the Performance Unit Program, and the Stock and Incentive Plan. In a related change, Rami Yassine, age 46, was appointed President – Eastern Hemisphere effective January 1, 2026, succeeding Mr. Slocum. Mr. Yassine most recently served as senior vice president, Middle East North Africa region. His Executive Agreement provides for a minimum annual base salary of $800,000, with the same plan participation as Mr. Slocum. According to the press release furnished as Exhibit 99.1, Chairman, President and CEO Jeff Miller said the transfer of operations to Mr. Slocum allows him to focus on the company's long-term strategic advancement and execution. Mr. Slocum will be responsible for global operations, business development, health, safety and environment, and global technology, reporting to Mr. Miller.
Halliburton 8-K Report, Executive Changes (Dec 2, 2025)
Halliburton Company (NYSE: HAL) filed a Form 8-K on December 2, 2025 to report the appointment of Timothy A. Leach to its Board of Directors. The Board increased its size from 11 to 12 directors and named Mr. Leach effective immediately, with his term expiring at the 2026 Annual Meeting of Shareholders. Mr. Leach retired in August 2025 from ConocoPhillips after a 40-year career in the oil and gas industry, and previously served as chairman and chief executive officer of Concho Resources Inc. from its formation in 2006 until its acquisition by ConocoPhillips in 2021. Under the director compensation program described in the company's 2025 proxy statement, Mr. Leach will receive an initial restricted stock unit award equal to the $200,000 annual director equity award amount, with the number of units set by the average NYSE closing price during the month before his appointment. Halliburton also entered into an indemnification agreement with him on the same date. The Board expects to assign him committee roles in February 2026. The filing discloses no related-party transactions requiring disclosure under Item 404(a) of Regulation S-K. For investors, this is a routine governance event rather than a financial or operational disclosure. The filing contains no financial results, guidance, or changes to company operations. The appointment adds a director with upstream oil and gas operating and corporate governance experience, as described by Chairman, President and CEO Jeff Miller in the accompanying press release.
Halliburton 8-K Report, Financial Results (Oct 21, 2025)
Halliburton Company (NYSE: HAL) reported third-quarter 2025 results on October 21, 2025, in a press release furnished as Exhibit 99.1. Net income attributable to the Company was $18 million, or $0.02 per diluted share, compared with $472 million, or $0.55 per diluted share, in the second quarter of 2025. Excluding impairments and other charges and other items, adjusted net income was $496 million, or $0.58 per diluted share. Total revenue was $5.6 billion, compared with $5.5 billion in the second quarter, and operating income was $356 million, compared with $727 million. Adjusted operating income, excluding impairments and other charges of $392 million, was $748 million, and operating margin was 6% against an adjusted operating margin of 13%. The quarter included a $540 million total charge for impairments and other charges and other items, which the press release attributes largely to severance costs of $169 million, fixed and other asset write-offs of $115 million, and impairment of assets held for sale of $96 million. Income tax provision included a $125 million tax expense tied to a valuation allowance on United States foreign tax credits, which the filing links to the One Big Beautiful Bill Act. Cash flow from operations was $488 million and free cash flow was $276 million. The company repurchased approximately $250 million of common stock and paid dividends of $0.17 per share. Management stated it took steps expected to deliver estimated savings of $100 million per quarter, reset its 2026 capital budget, and idled equipment that no longer meets its return expectations. By segment, Completion and Production revenue was $3.2 billion with operating income of $514 million, flat sequentially, while Drilling and Evaluation revenue was $2.4 billion with operating income of $348 million, up $36 million sequentially. Operating income was adversely affected by rig reductions in Saudi Arabia. Balance sheet items shown include cash and equivalents of $2.03 billion and long-term debt of $7.16 billion at September 30, 2025.
Halliburton 8-K Report, Corporate Update (Oct 14, 2025)
Halliburton Company filed this Form 8-K on October 14, 2025 under Item 8.01 (Other Information) to provide an update on its minority investment in Voltagrid. The filing states that Halliburton had previously disclosed owning a minority interest in Voltagrid and that its fully diluted ownership percentage in Voltagrid is approximately 20%. The filing is brief and contains no financial results, guidance, transaction terms, valuation, or operating metrics for Halliburton or Voltagrid. It does not describe the rationale for the stake, any acquisition or disposition, or any financial impact on Halliburton. For investors, the principal takeaway is the clarification of Halliburton's fully diluted stake in Voltagrid at approximately 20%. Anyone assessing the investment's significance would need to look to other company disclosures for details on its value, accounting treatment, and strategic relevance.
Halliburton 8-K Report, Material Agreement (Aug 20, 2025)
On August 18, 2025, Halliburton Company entered into a U.S. $3,500,000,000 Five Year Revolving Credit Agreement among Halliburton and Halliburton Operations Finance Company, LLC, as Borrowers, the Banks party thereto, and Citibank, N.A., as Agent (the "2025 Credit Agreement"). The agreement is for general working capital purposes, contains customary affirmative and negative covenants and events of default, and has a stated termination date of August 16, 2030. On the same date, Halliburton terminated its existing U.S. $3,500,000,000 Five Year Revolving Credit Agreement dated as of April 27, 2022 (the "2022 Credit Agreement"), which was replaced by the 2025 Credit Agreement. The filing therefore reflects a refinancing of the company's revolving credit facility on terms of the same stated size, with the facility's maturity extended to August 16, 2030. The full text of the 2025 Credit Agreement is filed as Exhibit 10.1 and incorporated by reference. The filing contains no financial results, and the description of the agreement is qualified in its entirety by the exhibit.
Halliburton 8-K Report, Financial Results (Jul 22, 2025)
Halliburton Company reported second-quarter 2025 results in a press release furnished as Exhibit 99.1 to this Form 8-K, filed under Items 2.02 and 7.01. The company reported net income of $472 million, or $0.55 per diluted share, compared with $204 million, or $0.24 per diluted share, in the first quarter of 2025. Total revenue was $5.5 billion, up from $5.4 billion in the first quarter, and operating income was $727 million, compared with $431 million in the first quarter. The first-quarter operating income included $356 million of impairments and other charges, which the company excluded when presenting adjusted figures. Cash flow from operations was $896 million and free cash flow was approximately $582 million, a non-GAAP measure. During the quarter, Halliburton repurchased approximately $250 million of common stock and paid dividends of $0.17 per share. Chairman, President and CEO Jeff Miller said the oilfield services market will be softer than he previously expected over the short to medium term, and that the company will take action to address the near-term softness. He also said the company remains fully committed to its shareholder returns framework. In international markets, he noted that activity reductions in a few large markets will likely outweigh solid performance elsewhere. He expects Halliburton to continue to outpace competitors in North America. By segment, Completion and Production revenue was $3.2 billion and operating income was $513 million, while Drilling and Evaluation revenue was $2.3 billion and operating income was $312 million. Among geographic regions, North America revenue was $2.3 billion, International revenue was $3.3 billion, and the Middle East/Asia region was $1.5 billion, down 4% sequentially.
Halliburton 8-K Report, Executive Changes (Jul 14, 2025)
Halliburton Company (NYSE: HAL) announced a leadership change in its finance organization. Charles E. Geer, Jr., Senior Vice President and Chief Accounting Officer, gave notice on July 8, 2025 that he is resigning to pursue another opportunity outside the energy services industry. His resignation is effective July 16, 2025 as Chief Accounting Officer and July 31, 2025 as Senior Vice President. The filing states that the departure did not result from any disagreement with Halliburton on its operations, policies or practices. On July 9, 2025, the Board of Directors appointed Stephanie Holzhauser as Senior Vice President and Chief Accounting Officer, effective July 16, 2025, and she will serve as principal accounting officer. Ms. Holzhauser, age 45, has more than 20 years at Halliburton and most recently served as Vice President of Operations Finance since April 2023. Halliburton entered into an Executive Agreement with her effective July 16, 2025, which provides for a minimum annual base salary of $450,000 and participation in the company's annual performance pay, performance unit and stock incentive programs, along with severance consistent with other executive officers. The filing also discloses that Ms. Holzhauser's brother, Phillip Spoelker, is a non-executive employee of Halliburton who received total compensation of approximately $240,000 from January 1, 2024 through June 30, 2025, which the company says is commensurate with his peers. The leadership change was announced in a press release dated July 14, 2025, in which CFO Eric Carre praised Ms. Holzhauser's contributions and described the change as part of the company's succession management process.
Halliburton 8-K Report, Shareholder Vote Results (May 21, 2025)
Halliburton Company (HAL) held its Annual Meeting of Shareholders on May 21, 2025, and this Item 5.07 filing reports the voting results on three matters. Shareholders elected all eleven director nominees, listed by name in the filing, with each receiving more votes For than Against. The Against counts ranged from 5,462,695 (M.S. Smith) to 43,629,266 (A.M. Bennett), with A.M. Bennett, J.A. Miller and T.M. Edwards Young drawing the most opposition among the nominees. Shareholders ratified the appointment of KPMG LLP as independent public accountants for 2025, with 672,451,192 votes For, 45,637,779 Against and 865,461 Abstaining. The advisory resolution to approve executive compensation as described in the proxy statement also passed, with 589,553,288 For, 34,440,683 Against and 1,023,686 Abstaining, and 93,936,775 broker non-votes recorded on that item. The filing is a voting-results notice only. It records outcomes and vote tallies and does not disclose new financial results, strategic actions or guidance.
Halliburton 8-K Report, Financial Results (Apr 22, 2025)
Halliburton Company (NYSE: HAL) reported first-quarter 2025 results on April 22, 2025, with net income of $204 million, or $0.24 per diluted share, compared with $606 million, or $0.68 per diluted share, in the first quarter of 2024. Excluding impairments and other charges of $356 million, adjusted net income was $517 million, or $0.60 per diluted share, versus $679 million, or $0.76 per diluted share, a year earlier. Total revenue was $5.4 billion, down from $5.8 billion, and operating income was $431 million, compared with $987 million in the prior-year quarter. Adjusted operating income was $787 million, and the company stated an adjusted operating margin of 14.5%. By segment, Completion and Production revenue was $3.1 billion with operating income of $531 million, primarily reflecting lower pressure pumping activity and lower completion tool sales in the Western Hemisphere. Drilling and Evaluation revenue was $2.3 billion with operating income of $352 million, reflecting weaker drilling activity in Mexico and the Middle East. Geographically, North America revenue was $2.2 billion, down 12%, while Middle East/Asia revenue rose 6% to $1.5 billion and Europe/Africa revenue rose 6% to $775 million. Latin America revenue fell 19% to $896 million. On capital returns and cash, the company repurchased approximately $250 million of common stock and paid dividends of $0.17 per share during the quarter. Cash flow from operations was $377 million, free cash flow was $124 million, and cash and equivalents declined to $1.8 billion from $2.6 billion at year-end 2024. The $356 million pre-tax charge comprised severance costs, an impairment of assets held for sale, an impairment on real estate facilities, and other items, primarily related to legacy environmental remediation cost estimate increases.
Halliburton 8-K Report, Financial Results (Jan 22, 2025)
Halliburton Company reported financial results for the quarter ended December 31, 2024 in Exhibit 99.1, a press release dated January 22, 2025. Net income was $615 million, or $0.70 per diluted share, compared with $571 million, or $0.65 per diluted share, in the third quarter of 2024. Total revenue was $5.6 billion, compared with $5.7 billion in the third quarter, and operating income was $932 million, compared with $871 million. For the full year 2024, total revenue was $22.9 billion, flat compared with 2023, and operating income was $3.8 billion, compared with $4.1 billion in 2023. During the fourth quarter, the company repurchased approximately $309 million of its common stock, repurchased approximately $100 million of debt across multiple senior notes, and paid dividends of $0.17 per share. Cash flow from operations was $1.5 billion and free cash flow was $1.1 billion for the quarter. For the full year, share repurchases totaled $1 billion, and free cash flow was $2.6 billion, with the company stating it returned over $1.6 billion to shareholders. Management said it expects 2025 to be sequentially softer in North America. By segment, Completion and Production revenue was $3.2 billion, a decrease of $121 million sequentially, and Drilling and Evaluation revenue was $2.4 billion, flat sequentially. The company's year-end balance sheet showed cash and equivalents of $2.6 billion and long-term debt of $7.2 billion.
Halliburton 8-K Report, Executive Changes (Jan 8, 2025)
Halliburton Company (HAL) filed this Form 8-K on January 8, 2025 under Item 5.02 (Departure of Directors or Certain Officers). The filing reports that on January 6, 2025, Bhavesh (Bob) V. Patel notified the Board of Directors that he will not stand for re-election as a Director and will retire early from the Board to pursue other opportunities. Mr. Patel will continue to serve as a Director until his term ends immediately prior to the annual meeting of shareholders scheduled for May 21, 2025. The company states that his decision was not the result of any disagreement with Halliburton on any matter relating to its operations, policies, or practices. For investors, this is a board-level governance change with no reported financial figures, compensation terms, or operational impact disclosed in the filing. The filing describes an orderly, voluntary departure with a defined end date for his service.
Halliburton 8-K Report, Financial Results (Nov 7, 2024)
Halliburton Company (NYSE: HAL) reported third-quarter 2024 results for the quarter ended September 30, 2024, in a press release furnished as Exhibit 99.1 to this Form 8-K. Net income attributable to the company was $571 million, or $0.65 per diluted share, compared with $709 million, or $0.80 per diluted share, in the second quarter of 2024. Excluding impairments and other charges and tax adjustments, adjusted net income was $641 million, or $0.73 per diluted share. Total revenue was $5.7 billion, versus $5.8 billion in the second quarter, and operating income was $871 million, versus $1.0 billion in the prior quarter. Adjusted operating income, excluding impairments and other charges of $116 million, was $987 million. Management attributed a $0.02 per share impact to adjusted earnings to lost or delayed revenue from the August cybersecurity event and storms in the Gulf of Mexico. Chairman, President and CEO Jeff Miller stated that full-year expectations for free cash flow and cash return to shareholders remain unchanged, and that both are expected to accelerate in the fourth quarter. In the quarter, the company repurchased approximately $200 million of common stock and paid dividends of $0.17 per share. Free cash flow was $543 million for the quarter and $1.54 billion for the nine months ended September 30, 2024. Segment results were mixed: Completion and Production revenue was $3.3 billion, down 3% sequentially, while Drilling and Evaluation revenue was $2.4 billion, flat sequentially. North America revenue fell 4% sequentially, while Middle East/Asia rose 3%. The company also highlighted new product introductions and a Petrobras contract for integrated well interventions and plug and abandonment services in Brazil, beginning in the second quarter of 2025.
Halliburton 8-K Report, Cybersecurity Incident (Sep 3, 2024)
On August 21, 2024, Halliburton Company became aware that an unauthorized third party had gained access to certain of its systems. This Form 8-K, filed September 3, 2024 under Item 1.05 (Material Cybersecurity Incident), updates the earlier disclosure. The Company activated its cybersecurity response plan, engaged external advisors, proactively took certain systems offline, and notified law enforcement. Investigation, system restoration, and assessment of impacted data are ongoing, and the Company is communicating with customers and other stakeholders. The filing states that the incident has caused disruptions and limited access to portions of the business applications supporting operations and corporate functions. Halliburton believes the unauthorized party accessed and exfiltrated information from its systems, and it is evaluating the nature and scope of that information and what notifications are required. The Company states that it continues to provide products and services to customers globally, and that it is following its process-based safety standards under the Halliburton Management System. Halliburton has incurred, and may continue to incur, expenses related to the response. As of the filing date, the Company believes the incident has not had, and is not reasonably likely to have, a material impact on its financial condition or results of operations. The filing identifies ongoing risks, including the adequacy of processes during the disruption, diversion of management attention, potential litigation, changes in customer behavior, and regulatory scrutiny.
Halliburton 8-K Report, Corporate Update (Aug 23, 2024)
On August 21, 2024, Halliburton Company became aware that an unauthorized third party had gained access to certain of its systems. Upon learning of the issue, the company activated its cybersecurity response plan and launched an internal investigation with the support of external advisors to assess and remediate the unauthorized activity. Its response included proactively taking certain systems offline to help protect them and notifying law enforcement. The company stated that its ongoing investigation and response include restoring its systems and assessing materiality. It is communicating with customers and other stakeholders, is following its process-based safety standards for ongoing operations under the Halliburton Management System, and is working to identify any effects of the incident. The filing does not quantify any financial impact. The filing's forward-looking statements flag risks including the ongoing assessment of the incident, legal, reputational and financial risks resulting from the incident or additional cybersecurity incidents, and the risks described in the company's 2023 Form 10-K and subsequent Forms 10-Q. Investors should watch for the outcome of the materiality assessment and any updates on operational or financial effects.
Halliburton 8-K Report, Financial Results (Jul 19, 2024)
Halliburton Company (NYSE: HAL) reported second-quarter 2024 results on July 19, 2024, with net income attributable to the company of $709 million, or $0.80 per diluted share, compared with $606 million, or $0.68 per diluted share, in the first quarter of 2024. Total revenue was $5.8 billion, sequentially flat, and operating income was $1.0 billion, an increase of 5% sequentially. Cash flow from operations was $1.1 billion and free cash flow was approximately $800 million, a non-GAAP measure, while the company repurchased approximately $250 million of common stock and paid dividends of $0.17 per share during the quarter. By segment, Completion and Production revenue was $3.4 billion, flat sequentially, with operating income of $723 million, up $35 million or 5%. Drilling and Evaluation revenue was $2.4 billion and operating income was $403 million, both flat sequentially. By region, North America revenue was $2.5 billion, down 3% sequentially, while International revenue was $3.4 billion, up 3% sequentially, with Middle East/Asia at $1.5 billion and Latin America at $1.1 billion. The filing also notes that first-quarter 2024 results included an $82 million charge, primarily tied to the impairment of an investment in Argentina and currency devaluation in Egypt, which was excluded from adjusted net income. Management described returns and cash flow as strong and cited high international activity levels and equipment tightness across major basins. The filing furnishes the earnings release under Items 2.02 and 7.01 and does not treat it as filed for Section 18 purposes.
Halliburton 8-K Report, Shareholder Vote Results (May 15, 2024)
Halliburton Company held its Annual Meeting of Shareholders on May 15, 2024, where shareholders voted on four matters: the election of directors, ratification of KPMG LLP as independent public accountants for 2024, an advisory approval of executive compensation, and approval of an amended and restated Halliburton Company Stock and Incentive Plan. All director nominees were elected, and all four proposals were approved. The director elections showed varying levels of support. Most nominees received hundreds of millions of votes in favor, with each nominee's votes for, against, and abstaining reported in the filing. A.M. Bennett (628,894,172 for; 80,772,987 against) and T.M. Edwards Young (626,497,900 for; 83,498,725 against) drew the most opposition, while B.V. Patel (708,310,032 for; 1,853,975 against) and E.M. Cummings (706,981,018 for; 3,164,349 against) drew the least. The auditor ratification received 737,725,156 votes for, 49,628,069 against, and 696,959 abstaining. The advisory say-on-pay resolution passed with 687,676,200 votes for and 22,088,293 against, and the stock and incentive plan amendment passed with 679,883,962 votes for and 29,937,596 against. Broker non-votes were 77,367,570 on the director, executive compensation, and plan proposals.
Halliburton 8-K Report, Bylaw Amendment (May 3, 2024)
Halliburton Company (HAL) filed this Current Report on Form 8-K to disclose amendments to its By-laws, which the Board of Directors adopted on May 2, 2024, effective as of that date. The filing reports no financial results, operating figures, or financial statements; it is limited to governance changes. The principal change eliminates the By-law requirement that director nominees submit irrevocable resignation letters that become effective upon certain Board determinations. The amendments also revise the advance notice and stockholder nominee provisions (Sections 3, 5, 6 and 7). These revisions delete or modify information requirements relating to competitors, to planned or proposed nominations and prior nominations at other publicly traded companies, and to certain family members' interests. They also clarify that the "support" from other stockholders that must be disclosed is financial support, and they make certain other clarifying edits. For investors, the filing is a governance update that alters the procedures stockholders must follow to nominate directors and removes the director resignation-letter mechanism. The full amended By-laws are attached as Exhibit 3.1, which the filing identifies as the controlling text.
Halliburton 8-K Report, Financial Results (Apr 23, 2024)
Halliburton Company (NYSE: HAL) reported first-quarter 2024 results in a press release dated April 23, 2024, furnished as Exhibit 99.1 under Items 2.02 and 7.01. Net income attributable to the company was $606 million, or $0.68 per diluted share, compared with $651 million, or $0.72 per diluted share, in the first quarter of 2023. Adjusted net income per diluted share, a non-GAAP measure, was $0.76. Total revenue was $5.8 billion, up from $5.677 billion a year earlier, and operating income was $987 million, flat compared with the prior-year period. By segment, Completion and Production revenue was $3.4 billion with operating income of $688 million, while Drilling and Evaluation revenue was $2.4 billion, up $163 million, with operating income of $398 million. By region, North America revenue was $2.5 billion, down 8%, while International revenue rose 12% to $3.3 billion, led by Latin America at $1.1 billion (up 21%). Cash flow from operations was $487 million and free cash flow, a non-GAAP measure, was $206 million. The company repurchased approximately $250 million of common stock and paid dividends of $0.17 per share. Management cited the International business's 11th consecutive quarter of year-on-year growth and said customers' multi-year activity plans confirm its confidence in the upcycle. The quarter included an $82 million charge, primarily tied to the impairment of an investment in Argentina and currency devaluation in Egypt, which reduced reported net income relative to adjusted results. Cash and equivalents declined to $1.891 billion from $2.264 billion at year-end 2023, and total assets were $24.654 billion.
Halliburton 8-K Report, Executive Changes (Feb 15, 2024)
Halliburton Company disclosed in this Form 8-K, dated February 15, 2024, that Director Milton Carroll has decided not to stand for re-election to the Board. According to the filing, Mr. Carroll notified the Board on February 13, 2024, and his decision was not the result of any disagreement with Halliburton on any matter relating to its operations, policies, or practices. Mr. Carroll will remain a Director until his term ends immediately prior to the annual meeting of shareholders scheduled for May 15, 2024. The filing discloses no replacement director, no compensation changes, and no other officer or director actions under this Item 5.02. For investors, this is a routine board-succession notice with no stated operational or financial impact. The main takeaway is a planned board vacancy after the May 2024 annual meeting, with the filing itself stating that no disagreement lay behind the departure.
Halliburton 8-K Report, Financial Results (Jan 23, 2024)
Halliburton Company (NYSE: HAL) reported fourth-quarter 2023 net income of $661 million, or $0.74 per diluted share, compared with $716 million, or $0.79 per diluted share, in the third quarter of 2023. Excluding losses in Argentina primarily due to currency devaluation, adjusted net income was $769 million, or $0.86 per diluted share. Total revenue for the quarter was $5.7 billion, flat sequentially, and operating income was $1.1 billion, a 2% increase over the third quarter. Operating margin for the quarter was 18%, and the company reported cash flow from operations of $1.4 billion and free cash flow of $1.1 billion. For full-year 2023, total revenue was $23.0 billion, an increase of $2.7 billion, or 13%, from 2022. Operating income was $4.1 billion, compared with $2.7 billion in 2022. Net income attributable to the company was $2,638 million, or $2.92 per diluted share. Free cash flow for the year was $2.27 billion, and the company returned $1.4 billion to shareholders through stock repurchases and dividends, which management said represents over 60% of free cash flow. Management also noted that the company retired approximately $300 million of debt during the year. Halliburton's board declared a first-quarter 2024 dividend of $0.17 per share, an increase of $0.01 per share, payable March 27, 2024, to shareholders of record as of March 6, 2024. Chairman, President and CEO Jeff Miller said the outlook for oilfield services demand remains strong. The filing also highlights new technology introductions and strategic collaborations, including the EquiFlow Density autonomous inflow control device, a RoboWell autonomous well control project with ADNOC, and a digital twin project with the Libra Consortium led by Petrobras.
Halliburton 8-K Report, Financial Results (Oct 24, 2023)
Halliburton Company (NYSE: HAL) reported net income attributable to the company of $716 million, or $0.79 per diluted share, for the third quarter of 2023, compared with $610 million, or $0.68 per diluted share, in the second quarter of 2023. Excluding the $104 million pre-tax loss on Blue Chip Swap transactions in Argentina, adjusted net income for the second quarter was $691 million, or $0.77 per diluted share. Total revenue was $5.8 billion, flat sequentially, and operating income was $1.0 billion, up 3% from the second quarter. Operating margin was 17.9%, and international revenue grew 17% year over year. By segment, Completion and Production revenue was $3.5 billion with operating income of $746 million, up $39 million or 6% sequentially, driven by international operations. Drilling and Evaluation revenue was $2.3 billion with operating income of $378 million, flat sequentially. North America revenue was $2.6 billion, down 3% sequentially, reflecting weaker pressure pumping in U.S. land, while Latin America revenue rose to $1.0 billion. Cash flow was supportive: free cash flow exceeded $500 million in the quarter ($511 million per the reconciliation), and the company repurchased $198 million of common stock and $150 million of debt. Management stated that it sees continued demand growth for oilfield services in 2024 and beyond, citing the long duration of the current upcycle. The filing furnishes the earnings press release as Exhibit 99.1 under Items 2.02 and 7.01 and announces a conference call held on October 24, 2023, at 8:00 a.m. CT.
Halliburton 8-K Report, Financial Results (Jul 19, 2023)
Halliburton Company (NYSE: HAL) reported net income attributable to the company of $610 million, or $0.68 per diluted share, for the second quarter of 2023, compared with $651 million, or $0.72 per diluted share, in the first quarter of 2023. Excluding a $104 million pre-tax loss on Blue Chip Swap transactions in Argentina, adjusted net income was $691 million, or $0.77 per diluted share. Total revenue was $5.8 billion, up from $5.7 billion in the first quarter, and total operating income was $1,011 million, compared with $977 million in the prior quarter. Reported operating margin was 17.4%. Cash flow from operating activities was $1,052 million for the quarter and free cash flow was $798 million, and the company repurchased $248 million of common stock during the quarter. By segment, Completion and Production revenue rose to $3.5 billion with operating income of $707 million, while Drilling and Evaluation revenue reached $2.3 billion with operating income of $376 million. North America revenue declined sequentially to $2.7 billion, while International revenue rose to $3.1 billion, led by Latin America and Middle East/Asia. Management highlighted the company's capital return intentions and its confidence in the strength and duration of the oil and gas upcycle. The filing also details the start of a three-year SAP S4 migration, with $13 million spent in the quarter, and several commercial announcements, including a long-term drilling services relationship with Vår Energi and the acquisition of Resoptima AS. The results were furnished under Items 2.02 and 7.01 and are not deemed filed for Exchange Act purposes.
Halliburton 8-K/A Report, Executive Changes (May 19, 2023)
Halliburton Company filed Amendment No. 1 to its Current Report on Form 8-K to supplement its February 23, 2023 filing regarding the election of Ms. Janet L. Weiss and Mr. Smith (Maurice S. Smith) to the Board of Directors. The sole purpose of this amendment is to disclose their appointments to specific Board committees. At a Board of Directors meeting on May 17, 2023, the Board appointed Ms. Weiss to its Audit Committee and its Nominating and Corporate Governance Committee. Mr. Smith was appointed to the Compensation Committee and the Health, Safety and Environment Committee. The filing incorporates by reference the information reported under Item 5.02 of the February 23, 2023 Form 8-K. This is a routine governance update with no financial results, guidance, or transaction terms disclosed. For investors, the filing mainly confirms the committee assignments of two recently elected directors, which bears on board oversight of audit, governance, compensation, and health, safety and environment matters.
Halliburton 8-K Report, Shareholder Vote Results (May 19, 2023)
Halliburton Company held its Annual Meeting of Shareholders on May 17, 2023, and this Form 8-K reports the voting results for six proposals. Shareholders voted on the election of directors, ratification of KPMG LLP as independent public accountants for 2023, an advisory approval of executive compensation, an advisory vote on the frequency of future say-on-pay votes, and two proposed amendments to the Certificate of Incorporation. The filing states that the ratification of KPMG LLP was approved, with 732,988,081 votes for and 53,955,716 against. The advisory resolution approving executive compensation as described in the proxy statement was also approved, with 550,741,516 votes for, 147,694,007 against, and 1,116,952 abstentions. On frequency, a majority of votes favored an advisory vote on executive compensation every year, with 685,826,533 votes for one year compared with 11,374,293 for three years and 1,406,389 for two years. The Board decided to continue including the advisory vote every year. The two Certificate of Incorporation amendments were both approved. The officer exculpation amendment received 616,386,378 votes for and 81,740,342 against, and the miscellaneous amendments received 694,078,638 votes for and 4,097,999 against. Broker non-votes of 88,349,537 were recorded on the director, say-on-pay, and charter amendment items.
Halliburton 8-K Report, Financial Results (Apr 25, 2023)
Halliburton Company reported first-quarter 2023 results on April 25, 2023, with net income attributable to the company of $651 million, or $0.72 per diluted share, compared with $263 million, or $0.29 per diluted share, in the first quarter of 2022. Total revenue was $5.7 billion (5,677 million), up from $4.3 billion a year earlier, and reported operating income was $977 million compared with $511 million in the prior-year quarter. The filing states that net income per diluted share more than doubled year over year and that operating margin was 17.2%, up 530 basis points. By segment, Completion and Production revenue was $3.4 billion with operating income of $666 million, driven by pressure pumping and completion tool sales globally and improved artificial lift services. Drilling and Evaluation revenue was $2.3 billion with operating income of $369 million, reflecting higher drilling-related services and improved wireline and testing services. Both divisions were negatively affected by the sale of Halliburton's Russian operations during 2022. Free cash flow was negative $105 million in the quarter, compared with negative $183 million a year earlier, and the company repurchased approximately $100 million of common stock. CEO Jeff Miller said customers are motivated to produce more oil and gas, service capacity is tight, and he expects the strategy to deliver significant and growing free cash flow generation. The release also highlighted digital and technology announcements, the launch of Envana Software Partners, and the appointment of two new board members, Janet Weiss and Maurice Smith.
Halliburton 8-K Report, Executive Changes (Mar 13, 2023)
Halliburton Company filed this Form 8-K on March 13, 2023 under Item 5.02 (Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers). The filing reports a leadership transition in the company's Eastern Hemisphere region: Shannon Slocum will succeed Joe D. Rainey as President - Eastern Hemisphere, effective March 13, 2023. Mr. Rainey will retire from Halliburton on December 31, 2023, which means he remains with the company through the end of that year. The change is effective immediately for Mr. Slocum's appointment, while Mr. Rainey's retirement date is later in 2023, giving an overlap period for transition. The filing contains no financial results, guidance, or financial figures. Its significance for investors is limited to an operational leadership change in one of the company's geographic segments.
Halliburton 8-K Report, Executive Changes (Feb 23, 2023)
Halliburton Company (HAL) filed this Form 8-K on February 23, 2023 under Item 5.02, reporting that Janet L. Weiss and Maurice S. Smith were elected to its Board of Directors effective February 22, 2023. Ms. Weiss retired as President of BP Alaska in 2020 after a 35-year career in the oil and gas industry. Mr. Smith is President and Chief Executive Officer of Health Care Service Corporation, which the filing describes as one of the largest health insurers in the United States. The filing states that each director will receive an initial restricted stock unit (RSU) award of 3,807 units, calculated as a pro-rated portion of the $185,000 annual equity award granted to non-management directors. The Board will appoint both directors to Board committees in May. The company also entered into indemnification agreements with each of the new directors on February 22, 2023, and the filing states there are no related party transactions with either director. The filing is administrative in nature and does not report financial results, guidance, or material operational changes. Its investor relevance lies mainly in board composition and standard director compensation terms.
Halliburton 8-K Report, Corporate Update (Feb 10, 2023)
Halliburton Company (HAL) filed this Form 8-K under Item 8.01 (Other Events) to disclose that several executives have established prearranged trading plans under Rule 10b5-1 of the Securities Exchange Act of 1934, as amended. Effective as of February 7, 2023, Van H. Beckwith, Eric J. Carre, Charles E. Geer, Jr., Myrtle L. Jones, Jeffrey A. Miller, Lawrence J. Pope, Mark J. Richard, and Jill D. Sharp adopted such plans. Jeffrey A. Miller is identified as Chairman of the Board, President and Chief Executive Officer, and Eric J. Carre as Executive Vice President and Chief Financial Officer. Separately, Joe D. Rainey, President, Eastern Hemisphere, established a prearranged trading plan effective February 9, 2023, and Timothy M. McKeon, Senior Vice President and Treasurer, established one effective February 10, 2023. The filing does not state the number of shares covered or any trading terms. For investors, the filing is a routine governance disclosure rather than a report of operating or financial results. Any transactions carried out under these plans will be reported through Form 4 filings with the Securities and Exchange Commission, which is the point at which the size and timing of insider sales or purchases would become visible.
Halliburton 8-K Report, Financial Results (Jan 24, 2023)
Halliburton Company (NYSE: HAL) reported net income attributable to the company of $656 million, or $0.72 per diluted share, for the fourth quarter of 2022, compared with $544 million, or $0.60 per diluted share, in the third quarter of 2022. Fourth-quarter total revenue was $5.6 billion (versus $5.4 billion in the third quarter) and operating income was $976 million (versus $846 million). The filing states an operating margin of 17.5%, up 460 basis points year-over-year. For full-year 2022, total revenue was $20.3 billion, an increase of $5.0 billion, or 33%, from 2021. Operating income was $2.7 billion, while adjusted operating income, excluding impairments and other charges, was $3.1 billion, compared with operating income of $1.8 billion in 2021. Impairments and other charges of $366 million were primarily tied to management's decision to market for sale the net assets of its Russia operations, which were sold in August 2022, and to impairment of assets in Ukraine. Free cash flow for the full year was $1.43 billion, and cash and equivalents ended the year at $2.35 billion. The company's Board adopted a capital returns framework and increased the quarterly dividend by 33% to $0.16 per share, payable March 29, 2023, to shareholders of record on March 1, 2023. Management also cited share repurchases made during the fourth quarter, with a $250 million stock repurchase program reflected in the cash flow statement for the quarter.
Halliburton 8-K Report, Bylaw Amendment (Dec 12, 2022)
Halliburton Company (HAL) filed this Form 8-K under Item 5.03 to report that its Board of Directors adopted amendments to the company's By-laws on December 8, 2022, effective as of that date. The filing states that the amendments, among other things, address stockholder meetings held by remote communication, provide that abstentions and broker non-votes will not be considered votes cast in determining the outcome of a matter, and update the advance-notice obligations for stockholders proposing business or director nominations, including information, representation, and proxy solicitation rule requirements. Other revisions cover adjournment of meetings, notice of meetings, electronic availability of the stockholder voting list, special meetings requested by stockholders, record dates, notices to stockholders, national emergencies, and indemnification. The amendments also add a new adjudication of disputes provision requiring that certain legal actions, including derivative actions, breach of fiduciary duty actions, and other internal affairs actions, be brought exclusively in the Court of Chancery of the State of Delaware, and that Securities Act of 1933 litigation be brought exclusively in federal courts. The full amended By-laws are attached as Exhibit 3.1 and the filing includes a cover page Interactive Data File as Exhibit 104. The filing does not report any financial results or operating developments.
Halliburton 8-K Report, Financial Results (Oct 25, 2022)
Halliburton Company (NYSE: HAL) reported third quarter 2022 net income of $544 million, or $0.60 per diluted share, compared with $109 million, or $0.12 per diluted share, in the second quarter of 2022. Total revenue was $5.4 billion, up from $5.1 billion sequentially, and reported operating income was $846 million, compared with $374 million reported and $718 million adjusted in the second quarter. Management said activity and pricing rose together in North America and International markets, and that the inbound requests for calendar slots in North America were stronger than it had seen at this point in the year. Completion and Production revenue was $3.1 billion with operating income of $583 million, driven by pressure pumping in North America land and completion tool sales in Middle East/Asia. Drilling and Evaluation revenue was $2.2 billion with operating income of $325 million. Both divisions were negatively affected by the wind down and sale of Russian operations, which was completed during the quarter and transferred the business to its former management team as BurService LLC. Halliburton also redeemed the entire $600 million of its 3.50% senior notes due 2023 using cash on hand. Cash flow from operating activities was $753 million in the third quarter and free cash flow was $543 million, according to the filing's non-GAAP reconciliation. Cash and equivalents were $1,977 million at September 30, 2022, down from $3,044 million at December 31, 2021, and long-term debt fell to $7,927 million from $9,127 million. The filing also notes a conference call on October 25, 2022 to discuss the results.
Halliburton 8-K Report, Corporate Update (Aug 26, 2022)
Halliburton Company filed this Form 8-K on August 26, 2022 under Item 8.01 (Other Events) to announce that it has called for redemption of all of its outstanding 3.50% Senior Notes due 2023. The aggregate principal amount being redeemed is $600,061,000 (about $600.06 million), and the redemption date is September 25, 2022. The redemption price has two components: (1) the greater of 100% of the principal amount outstanding and the sum of the present values of the remaining scheduled principal and interest payments, discounted to the redemption date on a semi-annual basis at the treasury rate plus 15 basis points, as determined by an independent investment banker; and (2) accrued and unpaid interest up to, but excluding, the redemption date. For investors, the filing is a debt-management notice rather than an earnings or operational update. It indicates that the company is retiring the full amount of this series of notes before maturity, and it does not disclose the reason for the redemption or any replacement financing.
Halliburton 8-K Report, Financial Results (Jul 19, 2022)
Halliburton Company (NYSE: HAL) reported second quarter 2022 net income attributable to the company of $109 million, or $0.12 per diluted share, compared with $263 million, or $0.29 per diluted share, in the first quarter of 2022. Excluding impairments and other charges, adjusted net income was $442 million, or $0.49 per diluted share. Total revenue rose to $5.1 billion from $4.3 billion in the first quarter, and reported operating income was $374 million versus $511 million. Adjusted operating income was $718 million, compared with $533 million in the first quarter. Management attributed the sequential improvement to activity increases in both North America and international markets, with pricing gains across all North America product service lines supporting margin expansion. The largest item affecting reported results was a pre-tax charge of $344 million recorded in the second quarter as a result of the decision to exit Russia due to sanctions. The charge was included in impairments and other charges and related primarily to a decision to market for sale the net assets of the Russia operations. Completion and Production revenue was $2.9 billion with operating income of $499 million, while Drilling and Evaluation revenue was $2.2 billion with operating income of $286 million. Free cash flow for the quarter was $215 million, and cash and equivalents stood at $2.2 billion at June 30, 2022. The press release also highlighted management's expectation of multiple years of international market growth and its view that the North American market is strong and nearly sold out. Halliburton noted it will co-develop next-generation field development planning software with Aker BP and introduced the Hedron fixed cutter PDC drill bit platform. A conference call to discuss the results was scheduled for July 19, 2022.
Halliburton 8-K Report, Shareholder Vote Results (May 19, 2022)
Halliburton Company held its Annual Meeting of Shareholders on May 18, 2022, and reported the voting results in this Current Report under Item 5.07. Shareholders were asked to elect directors, ratify KPMG LLP as independent public accountants for the year 2022, and give an advisory approval of executive compensation. Director nominees received varying levels of support. Each of the eleven nominees received between 2,844,051 and 259,913,799 votes against, with W.E. Albrecht (498,202,838 for, 176,234,776 against), M. Carroll (460,806,639 for, 212,642,298 against), M.S. Gerber (414,522,294 for, 259,913,799 against) and R.A. Malone (478,738,503 for, 195,694,587 against) drawing the largest opposition. The filing also reports 87,644,228 broker non-votes for each director nominee. Shareholders approved the ratification of KPMG LLP with 730,035,831 votes for and 31,500,845 against. The advisory vote on executive compensation was not favorable on the count reported: 312,088,864 shareholders voted for, 362,054,022 voted against, 1,142,161 abstained, and 87,644,228 were broker non-votes.
Halliburton 8-K/A Report, Executive Changes (May 19, 2022)
Halliburton Company filed this Amendment No. 1 to its Form 8-K to supplement its February 23, 2022 Current Report, which covered the election of Ms. Tobi M. Edwards Young and Mr. Earl M. Cummings to the Board of Directors. The sole purpose of this amendment is to disclose the committee appointments of these two directors. At a Board of Directors meeting on May 18, 2022, the Board appointed Ms. Young to its Audit and Nominating and Corporate Governance Committees, and appointed Mr. Cummings to its Audit and Compensation Committees. The filing incorporates by reference the Item 5.02 information from the February 23, 2022 Form 8-K. The filing is administrative in nature and does not report financial results, financial figures, or changes to the company's operations. For investors, the main takeaway is the expanded board committee roles of the two newer directors, particularly their seats on the Audit Committee.
Halliburton 8-K Report, Executive Changes (May 2, 2022)
Halliburton Company filed this Form 8-K on May 2, 2022 under Item 5.02 (Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers) to report a change in its Chief Financial Officer. Effective May 2, 2022, Eric J. Carre became Chief Financial Officer of the company. Lance Loeffler, Executive Vice President and Chief Financial Officer, stepped down from the CFO role effective the same date and became Senior Vice President, Middle East North Africa. The filing does not describe the reasons for the transition. Mr. Carre, age 55, has served as Executive Vice President Global Business Lines of Halliburton Company since May 2016. Before that, he was Senior Vice President, Drilling and Evaluation Division of the company. The filing contains no financial results or other quantitative information.
Halliburton 8-K Report, Material Agreement (Apr 28, 2022)
Halliburton Company (HAL) reported in this Form 8-K, filed April 28, 2022, that on April 27, 2022 it entered into a new U.S. $3,500,000,000 Five Year Revolving Credit Agreement with the Banks party thereto and Citibank, N.A., as Agent. The filing states the facility is for general working capital purposes and expires on April 27, 2027. The new agreement replaces Halliburton's existing U.S. $3,500,000,000 Five Year Revolving Credit Agreement dated as of March 5, 2019, which the company terminated on April 27, 2022, as described under Item 1.02. The filing states the 2019 facility was likewise used for general working capital purposes and was replaced by the 2022 agreement. The filing is primarily a refinancing and extension of the company's existing revolving credit capacity rather than a change in its size. The full credit agreement is attached as Exhibit 10.1, and the filing includes the cover page Interactive Data File as Exhibit 104.
Halliburton 8-K Report, Financial Results (Apr 19, 2022)
Halliburton Company (NYSE: HAL) reported first quarter 2022 net income attributable to the company of $263 million, or $0.29 per diluted share, compared with $170 million, or $0.19 per diluted share, in the first quarter of 2021. Excluding impairments and other charges and a loss on the early extinguishment of debt, adjusted net income was $314 million, or $0.35 per diluted share. Total revenue was $4.3 billion versus $3.5 billion a year earlier, and reported operating income rose to $511 million from $370 million, with adjusted operating income of $533 million. By segment, Completion and Production revenue was $2.4 billion (up 26%) and operating income was $296 million (up 17%), while Drilling and Evaluation revenue was $1.9 billion (up 22%) and operating income was $294 million (up 72%). CEO Jeff Miller stated that Drilling and Evaluation margin exceeded 15% for the first time since 2010, and that management expects Completion and Production margins to expand given tight North American supply conditions and firm commodity prices. Geographically, North America revenue was $1.9 billion (up 37%) and International revenue was $2.4 billion (up 15%). Cash flow was weaker in the quarter: operating cash flow was negative $50 million and free cash flow was negative $183 million, driven by a $386 million working capital outflow. Cash and equivalents fell to $2.15 billion from $3.04 billion at year-end 2021. The company also recorded a $22 million pre-tax charge, mainly for writing down its Ukraine assets, and redeemed $600 million of 3.80% Senior Notes due 2025 at a $42 million loss.
Halliburton 8-K Report, Executive Changes (Feb 23, 2022)
Halliburton Company disclosed board changes in this Item 5.02 filing. Director Patricia Hemingway Hall notified the Board on February 22, 2022, that she will not stand for re-election, citing a personal decision related to health and travel issues tied to the COVID pandemic and endemic. She will remain a Director until her term ends on May 18, 2022. The filing states her decision was not the result of any disagreement with Halliburton on its operations, policies, or practices. The Board also elected Tobi M. Edwards Young and Earl M. Cummings as Directors effective February 22, 2022. Ms. Young is Senior Vice President, Global Privacy, Government Affairs, and Chief Regulatory Attorney of Cognizant Technology Solutions. Mr. Cummings is Managing Partner of MCM Houston Properties, LLC and Chief Executive Officer of BTS Team, Inc. The filing states there are no arrangements or understandings under which either was elected and no related party transactions with the company. The Board will appoint them to committees in May. Each new director will receive an initial restricted stock unit award of 5,516 RSUs, calculated from a pro-rated share of the $185,000 annual non-management director equity award. Both also entered into indemnification agreements with the company on February 22, 2022. The filing's exhibit is the Form of Indemnification Agreement for Directors, incorporated by reference from a March 22, 2013 Form 8-K.
Halliburton 8-K Report, Corporate Update (Feb 14, 2022)
Halliburton Company (HAL) filed this Form 8-K on February 14, 2022, reporting an event dated February 10, 2022. The filing is a limited Item 8.01 (Other Events) disclosure and contains no financial results, guidance, or operational updates. The filing states that, effective February 10, 2022, Tim McKeon, Senior Vice President and Treasurer, established a prearranged trading plan under Rule 10b5-1 of the Securities Exchange Act of 1934. Any transactions under the plan will be disclosed through Form 4 filings with the SEC. For investors, this is a routine insider disclosure rather than a material corporate event. Rule 10b5-1 plans let executives sell or buy shares on a preset schedule, which helps avoid claims of trading on material nonpublic information. The filing does not specify the size, timing, or direction of any transactions, so investors should watch subsequent Form 4 filings for details.