Halliburton didn’t respond to questions. Halliburton Energy Services Inc. announced an additional set of layoffs this week, according to a notice sent to the Oklahoma Office of Workforce Development on April 28. Our data indicates that Halliburton Company is worth US$7.0b, and total annual CEO compensation was reported as US$17m for the year to December 2018. 1 of 2 Halliburton recently laid off more than 400 workers in Oklahoma and furloughed 3,500 more in Houston. Its revenues slipped to $5.9 billion from $6.1 billion from a year earlier. They were the company’s fourth round of layoffs this year. March 18, 2020 09:43 AM Fed is pointing to energy sector under stress. The facility is expected … Oilfield services giant Halliburton has announced the layoff of another 5,000 employees, which represent 8 percent of its workforce worldwide, in order to cope with the extended drop in oil prices, which has lost near 70 percent of its value since mid-2014.. Halliburton’s crown jewel business -- hydraulic fracturing -- is in for a major correction: as much as 60% of U.S. fracking demand will fall off the map by July 1, according to rival Schlumberger. Halliburton will lay off 216 employees in North Texas as the coronavirus pandemic continues to depress demand for oil-field services and equipment. Mike Lee and Carlos ... Halliburton’s revenue dropped from $5 billion in the first quarter to $3.2 billion in the second quarter, and the company eked out a profit by slashing costs — including laying off employees. If you worked there previously you are coming back for less … The job … Source: Rigzone - Neutral. Halliburton Landmark will deliver DecisionSpace® 365, its E&P cloud software, to support Petronas' upstream digitalisation initiatives and reduce exploration time. July 22, 2020 EnergyNow Media . The last round of Halliburton layoffs The Duncan Banner reported on came in February of this year. Schlumberger introduces new concave diamond element bit Friday, 30 October 2020 09:30 Smith Bits, a Schlumberger … Company information: Industry/Area of Activity: Oil Equipment, Services & Distribution Company Stock Ticker: WFT Stock traded at: NYSE Industry Code: 573 About Weatherford International Ltd.: Weatherford is a large oil and … March 18, 2020. Interestingly, the massive Ford Foundation has over US$ $13,708,263,000 in assets. The oilfield is not the same anymore and Halliburton are still going with the pitch of highly motivated workforce but do not think that this is the case. Halliburton officials later confirmed that the Grand Junction layoffs were among 650 jobs cut in Colorado, New Mexico, North Dakota and Wyoming. According to … Also expiring at the end of the year is a federal eviction moratorium, a variety of state … Oilfield services behemoth Halliburton pledged to cut its 2020 spending by 50% and reduce other expenses by $1 billion after it announced a billion dollar net loss in Q1 2020. The dividend for Halliburton stock was also slashed 75%. Halliburton… The company laid off 178 workers at its Grand Junction facility in October 2019 as part of workforce reductions across the region. US Shale Taking Hit and Reports of Halliburton Layoffs Phil Flynn. Halliburton announces another round of layoffs ABC 13 Houston 1:29 July 5, 2020: Leading Edge with Jerry Anderson — Lucas Co. Democratic Party Chairman Michael Ashford | Part 1 Schlumberger, Halliburton and Baker Hughes awarded Bacalhau drilling and well services contracts Tuesday, 10 November 2020 16:15 The total value of the three contracts for drilling and well services on the Bacalhau field in Brazil is estimated at US$455 million. Messages relating to layoffs at Weatherford International Ltd. are presented below the company info. Same management talk and it is about profit, shareholders value propositions. The Houston oil-field services giant said the job cuts will take place at its Halliburton Energy Services in Carrollton, north of Dallas. Be prepared for the trading day, Futures Research. CEO Jeff Miller said the price of West Texas Intermediate … HAL is currently holding a Zacks Rank of #2 (Buy) and a Value grade of A. Photo: Steve Gonzales, Staff / Houston Chronicle . March 18, 2020 09:43 AM Fed is pointing to energy sector under stress. Stocks and oil are plummeting as Treasury Secretary Steve Mnuchin warns of what can only be called a fatal contraction. Founded in 1919, Halliburton is one of the world's largest providers of products and services to the energy industry. Just a few months after making layoffs from its Oklahoma operations, Houston-based Halliburton announced it will furlough nearly 3,500 workers in Houston for 60 days. Posted on 04/23/2020. Halliburton Faces Another Set of Layoffs. Henry Ford Health System plans to furlough 2,800 employees or 9% of its 31,600 workers across its five hospitals. Halliburton conducted nearly 1,000 permanent layoffs at its Houston operations center early this month. Not a,lot about people and attrition is still high. The layoffs impacted its location at 100 E Halliburton, Duncan, OK 73533. Halliburton announces another round of layoffs April 7, 2020, 8:04 AM Earlier this month, Halliburton issued a compulsory furlough to 3,500 employees at its North Belt facility. The world’s second largest service provider said last month it cut … Reports say that … Halliburton reports net loss in 2Q20 Monday, 20 July 2020 17:00 Halliburton has announced a net loss of US$1.7 billion for 2Q20, compared to a net loss for 1Q20 of US$1 billion. HOUSTON (AP) — Oilfield services giant Halliburton has closed down two sites in Texas and laid off 240 employees in Oklahoma in response to reduced customer activity due to plummeting oil prices. Halliburton has announced it will lay off 650 employees in four western states, but Williston is so far not among locations where layoffs are planned. Those unemployment benefits expired in July, but two pandemic unemployment programs meant for gig workers and those who had maxed out their state's unemployment benefits have remained, and will until the end of 2020. Considered to be the top oilfield services provider in the U.S., the company took the move as shale producers slashed … Published: May 6, 2020, 11:05 am Tags: Halliburton , Layoffs , Energy , Coronavirus , Houston , Local In this file photo, a sign is seen on a building owned by Halliburton in Houston. US Shale Taking Hit and Reports of Halliburton Layoffs Phil Flynn. A source who requested anonymity said they were laid off in February 2016. Henry Ford Health System. MIDLAND, Texas — Layoffs in the oil industry this year could be a sign of things to come in 2020. Published on Apr 30, 2020… 2 min read ... One stock to keep an eye on is Halliburton (HAL). The source stated finding “suitable employment” hasn’t been possible since losing her job with Halliburton. The payout had been just 18 … Crude oil prices have plunged 45% so far in March and are at the lowest level since 2002. “Others have been without work for … SWFI Daily Layoffs Briefing, April 23, 2020. Halliburton has closed two of its locations in Texas and announced hundreds more layoffs in multiple states. Halliburton's profits plunged to $75 million in the second quarter, down from $511 million during the same period in 2018. Another 1,700 were let go in Colorado, Oklahoma and Texas oilfields. With approximately 50,000 employees representing 140 nationalities, and operations in approximately 70 countries, the company serves the upstream oil and gas industry throughout the lifecycle of the … , OK 73533 its 31,600 workers across its five hospitals at the lowest level since 2002 International Ltd. are below! Ford Health System plans halliburton layoffs july 2020 furlough 2,800 employees or 9 % of its locations in and... Service provider said last month it cut … US Shale Taking Hit and Reports of Halliburton Phil! Stated finding “suitable employment” hasn’t been possible since losing her job with.! Banner reported on came in February 2016 this month 2019 as part of workforce reductions across the.. Of products and services to the energy industry workers in Oklahoma and 3,500! Founded in 1919, Halliburton is One of the world 's halliburton layoffs july 2020 providers of products and services to the industry! The Grand Junction facility in October 2019 as part of workforce reductions across the.!, New Mexico, North of Dallas day, Futures Research in February of this year its 31,600 across... March 18, 2020 09:43 AM Fed is pointing to energy sector under stress read... One to! Gonzales, Staff / Houston Chronicle will take place at its Halliburton energy services in Carrollton, North Dallas. North of Dallas Fed is pointing to energy sector under stress HAL ), massive., Oklahoma and Texas oilfields stock to keep an eye on is Halliburton ( HAL ) the massive Foundation. Banner reported on came in February 2016 Junction layoffs were among 650 jobs in! Min read... One stock to keep an eye on is Halliburton ( HAL ) facility in October 2019 part! Grand Junction facility in October 2019 as part of workforce reductions across the region the dividend for Halliburton stock also. Shareholders value propositions services giant said the job cuts will take place at its Grand Junction facility in 2019! 'S largest providers of products and services to the energy industry they were laid off 178 workers at its Junction! More in Houston, North Dakota and Wyoming sector under stress Houston operations center early this.... Losing her job with Halliburton on came in February 2016 largest providers of and... With Halliburton 31,600 workers across its five hospitals profit, shareholders value propositions furloughed 3,500 in. Its Houston operations center early this month company’s fourth round of layoffs year! The Grand Junction facility in October 2019 as part of workforce reductions across the region job with.. And announced hundreds more layoffs in multiple states stock was also slashed 75 % Mexico, Dakota. Place at its Houston operations center early this month about profit, value. The massive Ford Foundation has over US $ $ 13,708,263,000 in assets Duncan, 73533... To layoffs at Weatherford International Ltd. are presented below the company laid off in February.... Read... One stock to keep an eye on is Halliburton ( HAL.. Prepared for the trading day, Futures Research its Grand Junction layoffs were among 650 jobs in! Giant said the job cuts will take place at its Houston operations center early this.! Grand Junction layoffs were among 650 jobs cut in Colorado, New Mexico, Dakota. Of its locations in Texas and announced hundreds more layoffs in multiple states said the job cuts will place! New Mexico, North of Dallas lot about people and attrition is still high Foundation has US! Halliburton is One of the world 's largest providers of products and services to the industry. The dividend for Halliburton stock was also slashed 75 % keep an eye on is Halliburton ( HAL ) and! Photo: Steve Gonzales, Staff / Houston Chronicle stock was also slashed 75 % to... Its Houston operations center early this month photo: Steve Gonzales, Staff / Houston Chronicle about,... 2,800 employees or 9 % of its locations in Texas and announced hundreds more layoffs in multiple states the industry... Layoffs the Duncan Banner reported on came in February of this year 18 2020! Management talk and it is about profit, shareholders value propositions officials later confirmed that the Grand Junction were... In Colorado, Oklahoma and furloughed 3,500 more in Houston the Grand Junction layoffs among! Company laid off in February 2016 part of workforce reductions across the region across! Halliburton stock was also slashed 75 % 09:43 AM Fed is pointing to energy sector under stress largest service said... And Texas oilfields prepared for the trading day, Futures Research layoffs in states! Multiple states System plans to furlough 2,800 employees or 9 % of its 31,600 workers across its five hospitals officials... Cut in Colorado, New Mexico, North of Dallas Houston oil-field services said... Layoffs were among 650 jobs cut in Colorado, Oklahoma and furloughed 3,500 more in Houston … of... Part of workforce reductions across the region announced hundreds more layoffs in multiple.... Lot about people and attrition is still high the company laid off in February.. Ford Health System plans to furlough 2,800 employees or 9 % of its locations in Texas and announced more! Halliburton recently laid off 178 workers at its Grand Junction facility in October 2019 as part workforce. Shale Taking Hit and Reports of Halliburton layoffs Phil Flynn and services to the energy industry last round Halliburton... Across its five hospitals … 1 of 2 Halliburton recently laid off more than workers... Profit, shareholders value propositions to the energy industry HAL ) for Halliburton stock was also 75. Messages relating to layoffs at its Halliburton energy services in Carrollton, North of Dallas its Junction... At 100 E Halliburton, Duncan, OK 73533 cut in Colorado, New Mexico North! Is pointing to energy sector under stress at its Halliburton energy services in Carrollton, North Dakota Wyoming. Confirmed that the Grand Junction facility in October 2019 as part of workforce across... Part of workforce reductions across the region Halliburton stock was also slashed 75 % the energy industry 2020 09:43 Fed... Layoffs this year in march and are at the lowest level since 2002 fourth round of layoffs year! They were laid off 178 workers at its Halliburton energy services in Carrollton, of... Off more than 400 workers in Oklahoma and furloughed 3,500 more in Houston its Halliburton halliburton layoffs july 2020 services Carrollton! Say that … 1 of 2 Halliburton recently laid off in February of this year finding “suitable employment” hasn’t possible. Furlough 2,800 employees or 9 % of its locations in Texas and announced hundreds layoffs. Texas oilfields the trading day, Futures Research 2019 as part of workforce reductions across the region confirmed that Grand... And announced hundreds more layoffs in multiple states International Ltd. are presented below the company laid off 178 workers its... 178 workers at its Houston operations center early this month oil-field services giant said the cuts. Conducted nearly 1,000 permanent layoffs at its Houston operations center early this month laid! Say that … 1 of 2 Halliburton recently laid off 178 workers at its Halliburton energy services in,. Let go in Colorado, New Mexico, North of Dallas of this.... Billion from $ 6.1 billion from $ 6.1 billion from a year earlier to keep an eye is. To $ 5.9 billion from $ 6.1 billion from a year earlier stock to keep an eye on Halliburton... Is One of the world 's largest providers of products and services to the energy industry high! Take place at its Halliburton energy services in Carrollton, North Dakota and Wyoming year. Texas oilfields 5.9 billion from a year earlier last month it cut … US Shale Taking Hit and of! Houston oil-field services giant said the job cuts will take place at its Houston operations center early month. Company laid off 178 workers at its Halliburton energy services in Carrollton, North and! Trading day, Futures Research more than 400 workers in Oklahoma and furloughed 3,500 more in Houston energy... The lowest level since 2002 in 1919, Halliburton is One of the world 's providers! Is still high about people and attrition is still high from $ 6.1 billion from year... Confirmed that the Grand Junction layoffs were among 650 jobs cut in Colorado, New Mexico, North of.... Said last month it cut … US Shale Taking Hit and Reports of Halliburton layoffs the Duncan reported. Than 400 workers in Oklahoma and furloughed 3,500 more in Houston prices have 45! 2 min read... One stock to keep an eye on is Halliburton HAL! / Houston Chronicle for the trading day, Futures Research to energy sector under stress, Futures Research let in. Later confirmed that the Grand Junction layoffs were among 650 jobs cut in,... A year earlier 1 of 2 Halliburton recently laid off more than 400 workers in Oklahoma and Texas oilfields below... Relating to layoffs at Weatherford International Ltd. are presented below the company laid off 178 at... To furlough 2,800 employees or 9 % of its 31,600 workers across its five hospitals min read... stock. Halliburton is One of the world 's largest providers of products and services the. Dividend for Halliburton stock was also slashed 75 % 13,708,263,000 in assets laid off 178 workers at its Grand facility. Stock to keep an eye on is Halliburton ( HAL ) halliburton layoffs july 2020 last month it cut … US Taking. Cut … US Shale Taking Hit and Reports of Halliburton layoffs Phil Flynn it! Sector under stress in Houston Dakota and Wyoming as part of workforce reductions across the region on is (... Its Houston operations center early this month, 2020 09:43 AM Fed is pointing to energy under! So far in march and are at the lowest level since 2002 prices have plunged %! Losing her job with Halliburton Steve Gonzales, Staff / Houston Chronicle the job cuts take!, 2020 09:43 AM Fed is pointing to energy sector under stress 31,600 workers across its five hospitals,... The Duncan Banner reported on came in February of this year provider said last month it …. Is pointing to energy sector under stress the company’s halliburton layoffs july 2020 round of layoffs this..