NEW YORK, September 18, 2015 /PRNewswire/ --

ACI Association has initiated research coverage on Halliburton Company (NYSE: HAL). Select highlights from the internally released reports are being made available to the general public (included below), with access to the entirety of the research available to new members.

Today, membership is open to readers on a complementary basis at the following URL: http://www.aciassociation.com/reports?keyword=HAL

Highlights from our HAL Report include:


        
        - Second Quarter And First Half Results - On July 20, 2015, Halliburton Company
          announced its financial results for the second quarter and first half of fiscal 2015.
          For the second quarter, the Company reported revenues of $5,919 million with the
          corresponding figure in Q2 FY14 being $8,051 million. Net income attributable to
          Company's shareholders for Q2 FY15 came in at $54 million or 6 cents per share versus
          net income of $774 million or 92 cents per share in the prior year period. For the
          first half of the year, the Company reported revenues amounting to $12,969 million
          vis-a-vis $15,399 million reported in the previous year period. Halliburton recorded a
          loss of $589 million during H1 FY15 as compared to earnings of $1,396 million in the
          prior year period.


        
        - Regional Performance Highlights - In the Eastern Hemisphere, the Company saw its
          revenues decline modestly compared to Q1 FY15 with meaningful improvement in
          profitability in the Europe/Africa/CIS region, due to activity improvements in Eurasia
          and Norway, along with higher stimulation activity and completion tools sales in both
          Algeria and Angola. In Latin America, the Company experienced sequential revenue and
          operating income declines driven by Venezuela which was primarily due to a negative
          currency impact. In North America, although the Company's revenues declined by 25%
          sequentially, it outperformed the 40% decline in average rig count.


        
        - Management Commentary - Jeff Miller, President of the Company said, "We expect the
          global markets will remain transitional, and in these times, operational execution is
          an even more critical source of differentiation. Our financial results reflect our
          strong execution culture, and we remain focused on delivering reliable, best-in-class
          service quality for our customers." Discussing the Company strategy, Dave Lesar,
          Chairman and CEO stated, "Our strategy remains consistent - we will manage costs
          through the downturn, while looking beyond the cycle to ensure that we will be
          positioned for growth when the industry recovers. We continue to invest in technology,
          build capital equipment, and prepare for our pending combination with Baker Hughes.
          Our management team has a proven track record in navigating through cycles, and we are
          confident that Halliburton will be best-positioned to outperform in the recovery."

To find out how this influences our rating on Halliburton Company read the full report in its entirety here: http://www.aciassociation.com/reports?keyword=HAL

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