- ALL ORDS6,812.50+0.46%
- ASX 2006,724.60+0.50%
- AUD/USD0.7023-0.1756%
- OIL56.26+0.07%
- GOLD1,419.60-0.51%
- BTC-AUD14,369.91-2.39%
- AUD/EUR0.6272-0.03%
- AUD/NZD1.0428+0.20%
- NZX 5010,867.25+0.39%
- NASDAQ7,905.12+0.90%
- FTSE7,550.19+0.47%
- Dow Jones27,171.90+0.07%
- DAX12,387.17+0.80%
- Hang Seng28,465.40+0.33%
- NIKKEI 22521,620.88+0.95%
Frack Attack
4.53k followers • 19 symbols Watchlist by Motif Investing
Rising energy prices and geopolitical instability could force more nations to explore shale gas reserves, leading to wider opportunities for fracking.
19 symbols
Get the Yahoo Finance app
- Free real-time data
- News and price alerts
- Add and edit holdings
- Track performance
- Create multiple watchlists
- Zacks•10 hours ago
Helmerich & Payne (HP) to Report Q3 Earnings: What's Up?
While higher y/y contribution from the U.S Land unit is likely to fuel Helmerich and Payne's (HP) fiscal Q3 earnings, tepid performance from Offshore and International Land units may ail results.
- Motley Fool•11 hours ago
What Happened in the Stock Market Today
See why Disney and Halliburton stood out on a positive day for the markets.
- Zacks•13 hours ago
International Growth Drives Halliburton (HAL) Q2 Earnings
Strong activity in international markets helped the Houston-based oilfield services provider gift investors an estimate-beating quarter.
- Motley Fool•14 hours ago
Halliburton Co (HAL) Q2 2019 Earnings Call Transcript
HAL earnings call for the period ending June 30, 2019.
- Motley Fool•15 hours ago
Stock Market News: Equifax Pays Up for Data Breach; Halliburton Hits a Profit Gusher
Earnings season continued as the stock market was mixed Monday morning.
- Bloomberg•15 hours ago
Halliburton Cuts 8% of North American Jobs in Frack Slowdown
(Bloomberg) -- Halliburton Co. is shifting strategy in its largest region to deal with subdued customer spending by trimming 8% of its North American workforce and shelving unused frack gear.The world’s biggest provider of fracking equipment, including heavy duty rock-blasting pumps and sand-storage silos, declined to tell analysts and investors Monday how much pressure-pumping gear it’s parked in the U.S. and Canada. The Houston-based contractor made the workforce cut in the region during the second quarter, while keeping its headcount elsewhere roughly the same, spokeswoman Emily Mir said.“We recognize the changing behavior of our North American customers and are executing a new playbook to keep generating returns and free cash flow,” Chief Executive Officer Jeff Miller said on the call. “What was the right playbook several years ago, when there was a different cadence and pace of customers’ spend, today needs to change.”Industry consultant Rystad Energy estimated in February that Halliburton and its competitors would have a year-end supply of 24.4 million horsepower for fracking, but would face demand of just 14.5 million this year. Shale producers have cut spending as investors pressure the companies to return cash to shareholders after the worse oil-price crash in a generation five years ago.Halliburton, the worst performer in the S&P 500 Index over the past 12 months before Monday, was the day’s biggest gainer in the group. The shares rose as much as 8.3% for the biggest intraday gain since November 2016, and were up 6.9% to $23.26 at 12:14 p.m. in New York.“Kudos for being proactive on the stacked equipment in this market versus fighting for share,” Angie Sedita, an analyst at Goldman Sachs Group Inc., said Monday on the call.(Updates with share price move in penultimate paragraph.)To contact the reporter on this story: David Wethe in Houston at dwethe@bloomberg.netTo contact the editors responsible for this story: Simon Casey at scasey4@bloomberg.net, Carlos Caminada, Reg GaleFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
- Zacks•17 hours ago
Earnings Preview: National Oilwell Varco (NOV) Q2 Earnings Expected to Decline
National Oilwell Varco (NOV) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- Zacks•17 hours ago
Oil States International (OIS) Expected to Beat Earnings Estimates: Should You Buy?
Oil States International (OIS) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- Zacks•17 hours ago
Nabors Industries (NBR) Expected to Beat Earnings Estimates: What to Know Ahead of Q2 Release
Nabors (NBR) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- Market Realist•17 hours ago
Why Halliburton’s Q2 Earnings Rose Sequentially
Halliburton (HAL) reported its second-quarter earnings on Monday before the markets opened. The company's earnings rose sequentially.
- Zacks•18 hours ago
Big Q2 Earnings On Deck: FB, GOOGL, BA, AMZN & More
Giant market players like Facebook (FB), Alphabet (GOOGL), Boeing (BA), Amazon (AMZN) and Tesla (TSLA) will be among those reporting this week.
- Investing.com•23 hours ago
Stocks - Halliburton, Micron Rise Premarket; Equifax Falls
Investing.com - Stocks in focus in premarket trading on Monday:
- Financial Times•yesterday
Wall Street ends higher as tech and oil stocks rally
Technology stocks led the advance for the broader US market as investors kept an eye on the strained geopolitics of the Gulf. The S&P 500 finished 0.3 per cent higher on Monday, with an afternoon rally at one point putting up as much as 0.5 per cent. That also saw the Dow Jones Industrial Average turn positive and close fractionally higher, but it was tech names that led the way, with the Nasdaq Composite rising 0.7 per cent.
- Investing.com•yesterday
Stocks - U.S. Futures Rally with Earnings in Focus
Investing.com - U.S. futures were higher on Monday as Wall Street looked set to recover from last week’s decline, with earnings season still in focus.
- Investing.com•yesterday
Top 5 Things to Know in the Market on Monday
Investing.com - Here are the top five things you need to know in financial markets on Monday, July 22:
- Financial Times•yesterday
Halliburton’s international unit shines as North America sputters
Halliburton’s quarterly results added further proof to the divergence in the global oil industry as the oilfield services group was fuelled by overseas growth while its North American business lagged behind. “We continue to build on the growth momentum internationally and successfully manage the market dynamics in North America,” said chief executive Jeff Miller.
Motley Fool•4 days agoSchlumberger NV (SLB) Q2 2019 Earnings Call Transcript
SLB earnings call for the period ending June 30, 2019.
- Bloomberg•4 days ago
Schlumberger to Pay Outgoing CEO $6 Million in Consulting Deal
(Bloomberg) -- Schlumberger Ltd.’s Paal Kibsgaard may be leaving his job, but he’ll collect paychecks for years to come.The outgoing chief executive officer will continue to lift his $2 million annual salary through July 31, 2022, in exchange for providing “certain services” and agreeing not to take a job at a rival, according to a regulatory filing Friday. As part of the deal, he’ll also receive medical and pension benefits, and continue to vest in stock awards he’s previously received.His successor, Olivier Le Peuch, will receive $1.4 million in salary after he takes over the top job on Aug. 1. He’s eligible for an annual bonus of as much as $2.1 million, and a $10.5 million grant of stock that’s tied to performance metrics.Kibsgaard, who’s also accumulated about $10 million in pension benefits over his 22 years at the company, said Friday that it was important for him to “walk off the stage” as soon as Le Peuch was ready to take over.To contact the reporter on this story: Anders Melin in New York at amelin3@bloomberg.netTo contact the editors responsible for this story: Pierre Paulden at ppaulden@bloomberg.net, Christine Buurma, Carlos CaminadaFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
- Zacks•4 days ago
Schlumberger (SLB) Q2 Earnings Meet Estimates, Revenues Top
Contributions from drilling operations in international markets aid Schlumberger's (SLB) Q2 earnings.
- Bloomberg•4 days ago
Schlumberger Taps Chairman Who Sought to Bypass Oil Servicers
(Bloomberg) -- In an ironic twist, Schlumberger Ltd. is tapping as its chairman an executive who earned a reputation for building shale producers that bypass oil service companies.Mark Papa, 72, who will take over as chairman of the world’s biggest oilfield service provider next month, helped give birth to the U.S. shale boom a decade ago by building Enron Corp. castoff EOG Resources Inc. into one of the nation’s biggest explorers. He’s now running Centennial Resource Development Inc.In his new role, Papa will help Schlumberger’s next chief executive officer, Olivier Le Peuch, tackle an industry downturn as investors pressure producers to rein in spending and return cash to shareholders. Le Peuch, 55, and Papa will replace Paal Kibsgaard, 51, who’s stepping down as chairman and CEO.A key Papa trademark is bypassing technology from the oilfield servicers, opting instead for in-house innovations. It’s what led Paul Sankey, then an analyst at Wolfe Research, to dub EOG under Papa’s watch the “APPL of oil,” referring to the trading symbol for Apple Inc. Papa did that again at Centennial, hiring key former EOG executives to help make technology one of the pillars of his new company.“It wasn’t the service companies that provided the advances in shale technology,” Papa said with a chuckle in a 2017 interview. “They’re marketing that stuff and saying it was them, but it wasn’t the service companies that provided the technical breakthroughs.”Papa has encountered some roadblocks at Centennial, the blank-check company he founded after retiring from EOG in 2013. Shares of the explorer have plunged 46% this year as it joins other producers in trimming spending amid volatile oil prices.To contact the reporter on this story: David Wethe in Houston at dwethe@bloomberg.netTo contact the editors responsible for this story: Simon Casey at scasey4@bloomberg.net, Christine Buurma, Reg GaleFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
- Simply Wall St.•4 days ago
When Will Superior Energy Services, Inc. (NYSE:SPN) Become Profitable?
Superior Energy Services, Inc.'s (NYSE:SPN): Superior Energy Services, Inc. provides oilfield services and equipment...
- Zacks•4 days ago
Week 1 of Q2 Earnings in the Books: AXP, SLB & More
Capping off the first week of "unofficial" earnings season, we hear from several companies from a wide range of industries.
