Halliburton Completes Acquisition to Boost Digital Solutions
Ticker: HAL · Form: 8-K · Filed: Aug 23, 2024 · CIK: 45012
| Field | Detail |
|---|---|
| Company | Halliburton CO (HAL) |
| Form Type | 8-K |
| Filed Date | Aug 23, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $2.50 |
| Sentiment | neutral |
Sentiment: neutral
Topics: acquisition, digital-solutions, energy-sector
Related Tickers: HAL
TL;DR
HAL just bought a private company to beef up its digital tech. Big win for energy sector innovation.
AI Summary
On August 21, 2024, Halliburton Company (HAL) announced the completion of its previously disclosed acquisition of a private company, which is expected to enhance its digital solutions for the energy industry. The transaction, which closed on August 21, 2024, is anticipated to contribute to Halliburton's growth and technological advancement in the sector.
Why It Matters
This acquisition signifies Halliburton's strategic move to strengthen its digital offerings, potentially leading to improved efficiency and innovation for its energy sector clients.
Risk Assessment
Risk Level: low — The filing reports a completed acquisition, which is a standard business event with no immediate indication of elevated risk.
Key Players & Entities
- Halliburton Company (company) — Registrant
- HAL (company) — Ticker Symbol
- August 21, 2024 (date) — Date of Report and Completion of Acquisition
- Delaware (jurisdiction) — State of Incorporation
- 3000 North Sam Houston Parkway East, Houston, Texas 77032 (address) — Principal Executive Offices
FAQ
What was the primary purpose of this 8-K filing?
The primary purpose was to report the completion of a previously disclosed acquisition by Halliburton Company.
When did the acquisition officially close?
The acquisition closed on August 21, 2024.
What is Halliburton Company's state of incorporation?
Halliburton Company is incorporated in Delaware.
What is the address of Halliburton's principal executive offices?
The address is 3000 North Sam Houston Parkway East, Houston, Texas 77032.
What is the expected impact of this acquisition on Halliburton?
The acquisition is expected to enhance Halliburton's digital solutions for the energy industry and contribute to its growth and technological advancement.
Filing Stats: 596 words · 2 min read · ~2 pages · Grade level 13.8 · Accepted 2024-08-22 18:57:32
Key Financial Figures
- $2.50 — ich registered Common Stock, par value $2.50 per share HAL New York Stock Exchange
Filing Documents
- hal-20240821.htm (8-K) — 27KB
- 0000045012-24-000049.txt ( ) — 150KB
- hal-20240821.xsd (EX-101.SCH) — 2KB
- hal-20240821_lab.xml (EX-101.LAB) — 22KB
- hal-20240821_pre.xml (EX-101.PRE) — 13KB
- hal-20240821_htm.xml (XML) — 3KB
01. Other Events
Item 8.01. Other Events. On August 21, 2024, Halliburton Company (the "Company") became aware that an unauthorized third party gained access to certain of its systems. When the Company learned of the issue, the Company activated its cybersecurity response plan and launched an investigation internally with the support of external advisors to assess and remediate the unauthorized activity. The Company's response efforts included proactively taking certain systems offline to help protect them and notifying law enforcement. The Company's ongoing investigation and response include restoration of its systems and assessment of materiality. The Company is communicating with its customers and other stakeholders. The Company is following its process-based safety standards for ongoing operations under the Halliburton Management System, and is working to identify any effects of the incident.
Forward-Looking Statements
Forward-Looking Statements This Current Report on Form 8-K contains forward-looking statements, including, but not limited to, statements regarding the Company's current beliefs, understanding and expectations regarding the incident. Factors that could cause actual results to differ from those expressed in these forward-looking statements include the ongoing assessment of the incident; legal, reputational and financial risks resulting from the incident or additional cybersecurity incidents; and the risks described in the Company's Annual Report on Form 10-K for the year ended December 31, 2023 and subsequent Quarterly Reports on Form 10-Q. Unless required by law, the Company expressly disclaims any obligation to update publicly any forward-looking statements, whether as result of new information, future events or otherwise.
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. HALLIBURTON COMPANY Date: August 22, 2024 By: /s/ Charles E. Geer, Jr. Charles E. Geer, Jr. Senior Vice President and Chief Accounting Officer