Tag Archives: Baker Hughes

Halliburton (NYSE:HAL) Swings to Loss in Fiscal First Quarter on Litigation Reserves – HAL, SLB, BHI, WFT

Halliburton Company (NYSE:HAL) returned to fiscal Q1 loss on a $637 million boost in reserves linked with litigation involving the Deepwater Horizon disaster, while elsewhere expansion in the company’s international activity again assisted counterbalance weakness in North America.

Shares of …

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Baker Hughes (NYSE:BHI) Profit Outshines Wall Street Estimates – BHI, NR, NOV, TESO

Baker Hughes Incorporated (NYSE:BHI) announced a higher-than-forecasted profit and estimate a modest boost in United States rig counts for 2013.

The world’s third-biggest oilfield services provider announced higher drilling activity in Canada and a robust pumping unit lifted fiscal Q1 …

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Halliburton (NYSE:HAL) to Incur $30 Million Foreign Currency Loss in Fiscal Q1 – HAL, BHI, WFT, RES

Halliburton Company (NYSE:HAL) reported on Monday that it will incur a $30 million foreign currency loss in the primary Q1 linked with the Venezuelan government’s devaluation of the nation’s currency.

Venezuela previous week reported that it would lower the value …

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National-Oilwell Varco (NYSE:NOV) Posts Higher Profit in Fiscal Q4 on Higher Orders – NOV, CAM, BHI, SLB

National-Oilwell Varco, Inc (NYSE:NOV) reported on Friday that profit in fiscal Q4 moved up as customers lifted orders for deepwater rigs.

The Houston-based National Oilwell Varco, the biggest United States maker of oilfield equipment, reported in a statement that net …

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Baker Hughes (NYSE:BHI) Chief Executive to take Board Chairman Role; Chad Deaton to Retire – BHI, NR, TESO, NOV

The Houston, Texas based Baker Hughes Incorporated (NYSE:BHI) reported that chairman of company’s board Chad Deaton will retire and Chief Executive Martin Craighead will take his role. Board chairman Chad Deaton will retire April 25 at Baker Hughes’s yearly summit.…

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Halliburton (NYSE:HAL) Posts 26% Drop in Fiscal Fourth Quarter Earnings – HAL, MCP, CHK, MT, AA, KGC, FCX, BHI, SLB

Halliburton Company (NYSE:HAL) announced that fiscal Q4 earnings plunged 26 percent as the company reported continued weakness in its North American completion and production unit.

The oil-field-services company declared a profit of $669 million or 72 cents per share, low …

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