Halliburton 2Q17 Earnings Call Notes
Dave Lesar Last call for Lesar “Since this is my last call, today I want to share with you my view of the evolution of the North America land market. Our customer base there and why I believe it will … Continued
Dave Lesar Last call for Lesar “Since this is my last call, today I want to share with you my view of the evolution of the North America land market. Our customer base there and why I believe it will … Continued
Jeff Miller – CEO Greater rig productivity means fewer rigs for same production “Yes. I think I certainly feel like I was a little high on my number. 800 feels very busy. And it’s happening like we thought in terms … Continued
Dave Lesar – CEO North America has turned the corner, but international downswing is still playing out “Now, let me take a few minutes to discuss what we’re seeing in the market today, and our prospects and challenges for the … Continued
Halliburton’s (HAL) CEO Dave Lesar on Q3 2016 Results NA revs grew for the first time in 7 quarters. Animal spirits are alive if muted ” Our North America revenue grew 9% for the period, representing the first revenue increase … Continued
Jeff Miller – President We’re on the road to recovery but this is the worst downturn we’ve ever seen ” I think the headline reads on the road to recovery. You have to look hard, but if you look at … Continued
Haliburton (HAL) CEO David Lesar said the business continued to experience pricing pressure “Our second quarter results showed resilience in the face of another challenging quarter marked by lower activity levels and continued pricing pressure around the globe.” But they … Continued
Halliburton’s (HAL) CEO David Lesar on Q2 2016 Results Revenue down only 9% “Our total company revenue declined only 9% sequentially compared to the 19% decline in the global rig count. Our North America revenue was down 15% from the … Continued
Mark A. McCollum Never been more differentiation between the service companies “it strikes me at this point in time there is probably more differentiation between the major service companies than there ever has been. And so, if I am an … Continued
Dave Lesar Obtaining anti-trust approval has become increasingly difficult “From a regulatory perspective, we completely understood that the transaction would draw regulatory scrutiny and that substantial divestitures would be required to obtain regulatory approval. However, obtaining the U.S. anti-trust approval … Continued
Dave Lesar Customer flight to quality means decline less than the market “From the 2014 peak, our completions-related activity declined approximately 33% relative to a 64% reduction in the US land rig count. This clearly again demonstrates the customer flight … Continued