Get SEC filings for Halliburton Co (HAL), including Annual Report (10k) and Quarterly Report (10Q). K 1 DECEMBER 31, FORM K Portions of the Halliburton Company Proxy Statement for our Annual Meeting of. Portions of the Halliburton Company Proxy Statement for our .. Our annual reports on Form K, quarterly reports on Form Q, current.
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Pursuant to Section 13 or 15 d of the. Securities Exchange Act of Date of Report date of earliest hallibrton reported: State or Other Jurisdiction of Incorporation. Address of Principal Executive Offices.
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions see General Instruction A. If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13 a of the Exchange Act.
Results of Operations and Financial Condition. The text of the Press Release is as follows: I am pleased with the way our team executed on our value proposition, maintained strong service quality, and generated superior results and industry leading returns. These results demonstrate the strength and diversity of our portfolio. The North America completions market is tight, and demand for our completions equipment and our service quality remains strong. In the United States land sector, higher pressure pumping activity and pricing led to increased revenue while higher costs and seasonality hindered profitability.
Additionally, results improved due to year-end completion tool sales in the Gulf of Mexico, higher software sales in Latin America and increased stimulation activity in the Eastern Hemisphere.
These increases were primarily due to increased drilling activity in the Middle East and North America and higher software sales and services in Latin America. Corporate and Other Events. Halliburton is continuing its analysis of tax reform impact on the company, and this provisional amount is subject to change. Regarding Venezuela, Halliburton continues to experience delays in collecting payments on receivables from our primary customer.
This charge represents a fair market value adjustment on its existing promissory note and a full reserve against other accounts receivables 10j this customer. Halliburton actively manages its strategic relationship with this customer and will continue to vigorously pursue collections as it does business going forward. These results were partially offset by reduced drilling activity in Venezuela.
HALLIBURTON CO – K Annual Reports and Q Quarterly Reports
These results were partially offset by a reduction in completion tool sales in Nigeria. Halliburton now offers the largest portfolio of hqlliburton cutters in the oil and gas industry. This new telemetry system helps operators make faster decisions to optimize well placement and improve well control while increasing drilling efficiency. It provides the highest lost circulation material LCM tolerance of any high-speed telemetry system, helping the operator pump the required LCM concentration to cure mud losses without changing or plugging the bottom hole assembly.
Operators in formations containing salt layers and low fracture pressure face major challenges while drilling. BaraShale Lite fluid helps operators overcome these challenges using a proprietary additive that tightly combines the jalliburton fluid, which consists of brine to prevent halliburyon washout, and oil to lighten the mud weight.
Operators can mix the fluid quickly on-site instead of in large batches and hallibkrton fluids for maximizing their operational efficiency. It also helps ensure proper zonal isolation to increase completion efficiency and prevent the loss of cement in the formation. This innovative new service utilizes proprietary sensor technologies and customized processing algorithms to accurately identify potential well integrity issues and reduce the likelihood of production disruptions for operators.
In NovemberHalliburton announced that it worked with the Akwa Ibom state government to inaugurate and open Nigeria’s first oil and gas training center fully-equipped with oilfield operations halilburton. The Akwa Ibom Oil and 1k0 Training and Research Center will provide courses in field development, drilling and completions engineering, well intervention solutions and digital technologies to local energy employees and students.
Halliburton Landmark will provide the training curriculum, instructors, software, workstations and tools to be used in the classroom. Founded inHalliburton is one of the world’s largest providers of products and services to the energy industry.
With over 50, employees, representing nationalities in approximately 70 countries, the company helps its customers maximize value throughout the lifecycle 10o the reservoir – from locating hydrocarbons and managing geological data, to drilling and formation evaluation, well construction and completion, and optimizing production throughout the life of the asset.
The statements in this press release that are not historical statements, including statements regarding future financial performance, are forward-looking statements within the meaning of the federal securities laws. These statements halliburrton subject to numerous hallburton and uncertainties, many of which are beyond the company’s hallibufton, which could cause actual results to differ materially from the results expressed or implied by the statements.
These risks and uncertainties include, but are not limited to: Hallibudton Form K for the year ended December 31,Form Q for the quarter ended September 30,recent Current Reports on Form 8-K, and other Securities and Exchange Commission filings discuss some of the important risk factors identified that may affect Halliburton’s business, results of operations, and financial condition. Halliburton undertakes no obligation to revise or update publicly any forward-looking statements for any reason.
Condensed Consolidated Statements of Operations. Millions of dollars and shares except per share data. Corporate and other a. Impairments and other charges b. Income loss from continuing operations before income taxes. Income tax provision benefit c. Income loss from continuing operations. Loss from discontinued operations, net. Net loss attributable to noncontrolling interest.
Net income loss attributable to company. Amounts attributable to company shareholders: Basic income loss per share hallibufton to company shareholders: Net income loss per share. Diluted income loss per share attributable to company shareholders: Basic weighted average common shares outstanding. Diluted weighted average common shares outstanding.
Year Ended December Impairments and other charges a. Merger-related costs and termination fee b. Total operating income loss. Interest expense, net c.
Income tax provision benefit d. Loss from continuing operations. Net loss attributable to company. Halliburton loss per share attributable to company shareholders: Net loss per share. Diluted loss per share attributable to company shareholders: For further details of impairments and other charges for the year ended December 31,see Footnote Table 1.
Condensed Consolidated Balance Sheets. Property, plant and equipment, net.
Halliburton Co(HAL) Annual Report (10K) Quarterly Report (10Q)
Accrued employee compensation and benefits. Short-term borrowings and current maturities of long-term balliburton. Employee compensation and benefits. Noncontrolling interest in consolidated halliburtoh. Condensed Consolidated Statements of Cash Flows. Cash flows from operating activities: Adjustments to reconcile net loss to cash flows from operating activities: Depreciation, depletion and amortization.
Deferred income tax provision benefitcontinuing operations. Impairments and other charges. Income tax refund b.
Payment related to the Macondo well incident. Total cash flows provided by used in operating activities c. Cash flows from investing activities: Payments to acquire businesses.
Proceeds from sales of property, galliburton and equipment. Total cash flows used in investing activities. Cash flows from financing activities: Payments on long-term borrowings. Total cash flows used in financing activities.
Effect of exchange rate changes on cash. Decrease in cash and equivalents.
Cash and equivalents at beginning of period. Cash and equivalents at end of period. Revenue and Operating Income Comparison. By Operating Segment and Geographic Region. Revenue and Operating Income Loss Comparison. Merger-related costs and termination fee.