Halliburton Co.

NYSE:HAL   9:50:16 AM EDT
21.07
-0.18 (-0.85%)
Other Pre-Announcement

Halliburton Says Oil Industry In Early Stages Of Multi-Year Upcycle

Published: 07/20/2021 14:19 GMT
Halliburton Co. (HAL) - Expects Double Digit Increase in International Oil Activity for Second Half of 2021 Versus Same Period Last Year - Conf Call.
Anticipates Oilfield Activity in North America Will Increase, With Drilling Outpacing Completions - Conf Call.
Expects Drilling and Completions Spending in North America Will Grow by Double Digits Over Coming Years - Conf Call.
Anticipates Global Demand Will Continue to Exceed Supply, Particularly to the Extent Opec+ Manages Supply Additions Over the Near Term- Conf Call.
Anticipates Commodity Prices Will Remain Supportive and Global Oil Demand Will Continue to Exceed Supply - Conf Call.
Says Private Oil and Gas Operators Will Lead the Comeback in North American Activity - Conf Call.
Co Says Pricing is Beginning to Return in North America and is Expected to Lag Internationally Where Contract Durations Are Longer- Conf Call.
Expects Benefit From the Significant Growth Potential for Specialty Chemicals and Artificial Lift Businesses - Conf Call.
Says There is High Demand for Low-emissions Fracking Equipment, But Limited Supply - Conf Call.
Says in International Markets, It Expects Differentiated Drilling Equipment Capacity Tightens First- Conf Call.
Expects Revenue to Grow at a Mid-teens Compound Annual Growth Rate Over the Next 2 Years- Conf Call.
Expects Operating Margins to Expand by About 400 Basis Points by 2023 and Thus Return to 2014 Margin Levels- Conf Call.
Expects Full-year Free Cash Flow of $1.2 Billion - Conf Call.