Halliburton Furloughs 3,500 Workers at Texas Headquarters [Yahoo! Finance News]
Halliburton Company (HAL)
Last halliburton company earnings: 4/20 06:45 am
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Source: Yahoo! Finance News
) -- Halliburton Co., the world’s biggest provider of fracking services, will furlough about 3,500 workers at its Houston headquarters as crude prices plunged to an 18-year low. The mandatory time-off will last as long as 60 days, Halliburton said in an emailed statement. Employees will work one-week-on, one-week-off schedules -- and without pay during off weeks -- as the oilfield-services company tries to cut costs in a “difficult market.” Benefits, including health insurance, won’t be interrupted. Halliburton is the latest oil giant to scale back as drillers around the world face the worst oil market crash in a generation. Parsley Energy Inc. announced a 40% spending cut while ConocoPhillips disclosed plans to trim outlays on drilling and buybacks by $2.2 billion. The hired hands of the oil patch like Halliburton are expected to see customer spending on new wells and fracking to drop significantly from prior expectations, according to Tudor, Pickering, Holt & Co. Drilling and fracki
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News
- Halliburton Opens New Facilities in NamibiaBusiness Wire
- Halliburton (NYSE: HAL) had its price target lowered by analysts at Barclays PLC from $47.00 to $43.00. They now have an "overweight" rating on the stock.MarketBeat
- Halliburton (NYSE: HAL) had its price target lowered by analysts at Raymond James from $41.00 to $37.00. They now have a "strong-buy" rating on the stock.MarketBeat
- Halliburton Q3 Earnings Miss on Weak North American Activity [Yahoo! Finance]Yahoo! Finance
- Halliburton (NYSE: HAL) had its price target lowered by analysts at Susquehanna from $42.00 to $40.00. They now have a "positive" rating on the stock.MarketBeat
HAL
Earnings
- 11/7/24 - Miss
HAL
Sec Filings
- 11/12/24 - Form SC
- 11/8/24 - Form SC
- 11/7/24 - Form 10-Q
- HAL's page on the SEC website