Halliburton Co. (NYSE: HAL) reported a smaller quarterly loss from a year earlier when the oilfield service provider recorded $2.77 billion in charges.
Net loss attributable to Halliburton narrowed to $32 million, or 4 cents per share, in the first quarter ended March 31, from $2.41 billion, or $2.81 per share, a year earlier.
The year-ago quarter included charges mainly related to asset impairments.
The world’s No. 2 oilfield services provider said on April 24 that revenue rose 1.9% to $4.28 billion as U.S. shale producers added more rigs, buoyed by oil prices that have stabilized above $50 after a more than two-year slump.
Recommended Reading
SM Energy Declares Quarterly Cash Dividend
2024-03-26 - SM Energy’s dividend will be paid out on May 3 to stockholders on record as of April 19.
Matador Stock Offering to Pay for New Permian A&D—Analyst
2024-03-26 - Matador Resources is offering more than 5 million shares of stock for proceeds of $347 million to pay for newly disclosed transactions in Texas and New Mexico.
Par Pacific Asset-based Revolving Credit Bumped Up by 55%
2024-03-25 - The amendment increases Par Pacific Holdings’ existing asset-based revolving credit facility to $1.4 billion from $900 million.
California Resources Corp. Nominates Christian Kendall to Board of Directors
2024-03-21 - California Resources Corp. has nominated Christian Kendall, former president and CEO of Denbury, to serve on its board.
Halliburton Posts High Operating Margins for 2023
2024-01-24 - Halliburton’s CEO Jeff Miller says service intensity contributes to ongoing strong oilfield service fundamentals.