Halliburton Completes Acquisition to Boost Digital Solutions

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

From the Filing

0000045012-24-000049.txt : 20240823 0000045012-24-000049.hdr.sgml : 20240823 20240822185732 ACCESSION NUMBER: 0000045012-24-000049 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 13 CONFORMED PERIOD OF REPORT: 20240821 ITEM INFORMATION: Other Events FILED AS OF DATE: 20240823 DATE AS OF CHANGE: 20240822 FILER: COMPANY DATA: COMPANY CONFORMED NAME: HALLIBURTON CO CENTRAL INDEX KEY: 0000045012 STANDARD INDUSTRIAL CLASSIFICATION: OIL, GAS FIELD SERVICES, NBC [1389] ORGANIZATION NAME: 01 Energy & Transportation IRS NUMBER: 752677995 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-03492 FILM NUMBER: 241233141 BUSINESS ADDRESS: STREET 1: 3000 NORTH SAM HOUSTON PARKWAY EAST STREET 2: 3000 NORTH SAM HOUSTON PARKWAY EAST CITY: HOUSTON STATE: TX ZIP: 77032 BUSINESS PHONE: 2818712699 MAIL ADDRESS: STREET 1: 3000 NORTH SAM HOUSTON PARKWAY EAST STREET 2: 3000 NORTH SAM HOUSTON PARKWAY EAST CITY: HOUSTON STATE: TX ZIP: 77032 FORMER COMPANY: FORMER CONFORMED NAME: HALLIBURTON OIL WELL CEMENTING CO DATE OF NAME CHANGE: 19660911 8-K 1 hal-20240821.htm 8-K hal-20240821 0000045012 false 0000045012 2024-08-21 2024-08-21 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): August 21, 2024 HALLIBURTON COMPANY (Exact name of registrant as specified in its charter) Delaware 001-03492 75-2677995 (State or other jurisdiction of incorporation) (Commission File Number) (IRS Employer Identification No.) 3000 North Sam Houston Parkway East, Houston, Texas 77032 (Address of principal executive offices) (Zip Code) Registrant’s telephone number, including area code: ( 281 ) 871-2699 Not Applicable (Former name or former address, if changed since last report) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: ☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) ☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) ☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) ☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading Symbol Name of each exchange on which registered Common Stock, par value $2.50 per share HAL New York Stock Exchange Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company ☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐ 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