DIRS.INFO The most relevant business & tech news

☆ SLB wins Russia business as oilfield rivals exit after Ukraine invasion
▼ + stars: | 2023-01-19 | by ( Liz Hampton | ) www.reuters.com time to read: +7 min

Jan 19 (Reuters) - Following Moscow's invasion of Ukraine, world's largest oilfield firm SLB (SLB.N) has boosted its business in Russia by cherry-picking service and equipment contracts from rivals who left, according to company documents and people familiar with its operations. For example, SLB's Russia and Central Asia reservoir performance division in the third quarter of 2022 grew revenue by 25% over the prior quarter. The company said in March that, while it is continuing operations in Russia, it has halted new investments there. One reason SLB is finding new success in Russia is that rivals have exited the region. "The message from HQ is to take mostly exclusive contracts with high revenue," said a SLB employee involved in the business wins.

☆ These stocks were our best and worst performers in the fourth quarter
▼ + stars: | 2022-12-30 | by ( Jeff Marks | ) www.cnbc.com time to read: +10 min

What made the fourth quarter stand out from the first three of the year? Here's a snapshot of the best and worst performers in the Investing Club's 33-stock portfolio for the fourth quarter, starting with our top 4 performers. Worst performers Turning to what didn't work in the fourth quarter, the worst performer for the club was Amazon (AMZN), which fell 27.6% in the quarter. Revenues declined year-over-year for the second quarter in a row, but that was mostly anticipated by the market. The fourth worst performer was Walt Disney (DIS), which fell 10.8% in the quarter It all unraveled for Disney after it reported a much weaker-than-expected fiscal fourth quarter in November.

☆ Here are Friday's biggest analyst calls: Apple, Tesla, McDonald's, Netflix, Carvana, Microsoft & more
▼ + stars: | 2022-12-09 | by ( Michael Bloom | ) www.cnbc.com time to read: +9 min

Cowen names Costco a top 2023 pick Cowen said Costco is well positioned in a deteriorating macro environment. " Cowen names Caterpillar a top 2023 pick Cowen said the company is well positioned heading into 2023. Cowen names Netflix a top 2023 pick Cowen said it sees free-cash flow ramping up for Netflix in 2023. Morgan Stanley reiterates Apple as overweight Morgan Stanley said investors should take advantage of any weakness and buy the dip in shares of Apple . Morgan Stanley reiterates Lululemon as overweight Morgan Stanley said the company's fundamentals remain strong after its earnings report on Thursday. "

☆ These dads drove over 57 hours, livestreamed the cross-country trip on YouTube and raised $156,000 for their kids’ rare genetic disease
▼ + stars: | 2022-10-29 | by ( Renée Onque | ) www.cnbc.com time to read: +1 min

That's how long it took three dads to drive across the country to raise money for their sons' rare genetic disease. The three men drove from New York to California, starting at the Red Ball Garage in NYC and ending at The Portofino Hotel & Marina in Redondo Beach. Along the way, they were able to raise $156,000 in donations to help fund research for SYNGAP1-related non-syndromic intellectual disability, more commonly referred to as SYNGAP1. All donations go to the SynGAP Research Fund, a volunteer-based nonprofit organization that raises money for the illness. "Inviting other SYNGAP dads who are also fundraising for the kids just made the most sense," Stelmaszek adds.

☆ Halliburton's upgrade on the back of its earnings beat highlights our investment case
▼ + stars: | 2022-10-26 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +5 min

That's something Wells Fargo also referenced, contending it should result in higher margins at Halliburton and other energy services firms. The turning tide for oil prices has helped support stock prices across the industry. And for the likes of Pioneer, Devon and Coterra, sizable cash returns through dividends and buybacks sweeten the investment case. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

☆ Halliburton profit tops Wall Street's estimates as oil activity booms
▼ + stars: | 2022-10-25 | by ( ) www.reuters.com time to read: +3 min

In North America, Miller said demand for services is "stronger than I have ever seen at this point in the year." Halliburton said revenue from North America jumped 9% from the second quarter to reach $2.6 billion. Shares of Halliburton were up 0.78% in pre-market trading at$34.85, after jumping 2% earlier in the morning. "Halliburton continues to benefit from momentum in activity/exposure to pressure pumping in North America, along with higher contribution from international operations," wrote analysts for investment banking firm Jefferies in a note. Market leader Schlumberger (SLB.N) reported its strongest quarterly profit since 2015, while Baker Hughes Co (BKR.O) posted an adjusted third-quarter profit that topped Wall Street estimates.

☆ Halliburton profit rises as higher oil prices spark drilling demand
▼ + stars: | 2022-10-25 | by ( ) www.reuters.com time to read: +1 min

Oct 25 (Reuters) - Halliburton Co (HAL.N) posted a rise in profit for the third quarter on Tuesday, wrapping up an upbeat earnings season from the world's top oilfield services providers on strong demand fueled by higher oil prices. Market leader Schlumberger (SLB.N) reported its strongest quarterly profit since 2015, while Baker Hughes Co (BKR.O) posted an adjusted third-quarter profit that topped Wall Street estimates. Halliburton said its revenue from North America jumped 9% from the second quarter to reach $2.6 billion. Its international revenue rose 3% sequentially to $2.7 billion. Register now for FREE unlimited access to Reuters.com RegisterReporting by Shariq Khan; Editing by Sriraj KalluvilaOur Standards: The Thomson Reuters Trust Principles.

"Looking forward, we see activity increasing around the world - from the smallest to the largest countries and producers," Halliburton Chief Executive Jeff Miller said in a statement. In North America, he said demand for services is "stronger than I have ever seen at this point in the year." Halliburton said revenue from North America jumped 9% from the second quarter to $2.6 billion. "Halliburton continues to benefit from momentum in activity/exposure to pressure pumping in North America, along with higher contribution from international operations," wrote analysts for investment banking firm Jefferies in a note. Market leader Schlumberger (SLB.N) reported its strongest quarterly profit since 2015, while Baker Hughes Co (BKR.O) posted an adjusted third-quarter profit that topped Wall Street estimates.

Oil and gas producers are looking to increase production as crude prices stay near eight-year highs, boosting demand for Schlumberger's equipment, services and technology. Analysts had expected Schlumberger to report earnings of 55 cents per share, according to Refinitiv IBES. Shares jumped more than 2% in pre-market trading and Wall Street analysts said the results were positive. Wall Street had expected revenue of $7.1 billion for the quarter. Rival Baker Hughes Co (BKR.O) topped Wall Street expectations for third-quarter adjusted profit on Wednesday.

Search resuls for: "Halliburton Co"

9 mentions found