HAL News and Press, Halliburton Company From 05/10/20

Markets have settled and recovered from the initial shock of the coronavirus spread and the response of governments around the US and the world to lock down the economy. But while the major US indices have approached, if not quite matched, the fabled v-shaped recovery, there are still plenty o...

Listen on the go! A daily podcast of Wall Street Breakfast will be available by 8:00 a.m. on Seeking Alpha , iTunes , Stitcher and Spotify . Effects of the coronavirus pandemic are being clearly seen as earnings season goes into overdrive, with Corporate America adjustin...

Halliburton (NYSE: HAL ) says it as laid off 1,000 employees at its Houston headquarters due to the oil market crash, in addition to other job recent cuts across its global operations. More news on: Halliburton Company, Energy stocks news, Read more ...

Halliburton Company (NYSE: HAL) announced today it will hold its annual meeting of shareholders on May 19, 2020, at 2:00 p.m. Central Daylight Time, in virtual meeting format only. Due to public health concerns arising from the coronavirus (COVID-19) pandemic and health concerns for our share...

Shares of Baker Hughes (NYSE: BKR) rose an impressive 33% in April, according to data provided by S&P Global Market Intelligence . Halliburton (NYSE: HAL) jumped an even more incredible 53% during the month. And the value of Core Laboratories ' (NYSE: CLB) stock increased by an a...

KLX Energy Services ( KLXE ) and Quintana Energy Services ( QES ) announced a merger on Sunday . While merging makes some strategic sense, it doesn't change the central underlying problem that these businesses lose money in a shrinking industry. Even though merging will save the combined busi...

Energy ( XLE +2.7% ) tops the S&P 500 sector leaderboard, sparked by optimism around ongoing production cuts and a recovery in demand with the reopening of economies around the world. More news on: Energy Select Sector SPDR ETF, Occidental Petroleum Corporation, Concho Resources Inc....

Baker Hughes CEO Lorenzo Simonelli. Source: Barron's Baker Hughes ( BKR ) reported Q1 revenue of $5.43 billion, Non-GAAP EPS of $0.11 and GAAP EPS of -$15.64. BKR is down over 40% Y/Y as the free fall in oil prices has taken a toll on oil-related names. In Q1, the company's revenue was o...

Source: Marketwatch I have been known as a Halliburton ( HAL ) bear over the years. My thesis was that the economy would eventually falter, taking down cyclical names like Halliburton. The coronavirus has caused a shutdown of the economy, and may have exposed a weakness that had always bee...

The coronavirus pandemic that Saudi Arabia used to launch an all-out war for global market share has turned into an absolute rout. Nearly every corner of the oil world has been affected, and billions of dollars in investor capital has already been destroyed. Eventually the market will turn and t...