Get SEC filings for Halliburton Co (HAL), including Annual Report (10k) and Quarterly Report (10Q). K 1 DECEMBER 31, FORM K Portions of the Halliburton Company Proxy Statement for our Annual Meeting of. Portions of the Halliburton Company Proxy Statement for our .. Our annual reports on Form K, quarterly reports on Form Q, current.
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These results were impacted by reduced activity and pricing in Mexico, primarily associated with pressure pumping and production solution services, along with reduced offshore activity in Brazil.
These factors could have a material adverse effect on the business and results of operations of our joint ventures and, in turn, our business and consolidated 10 of operations. Likewise, if our proprietary technologies, equipment, facilities, or work processes become obsolete, we may no longer be competitive, and our business and consolidated results of operations could be materially and adversely affected. Liabilities for Macondo well incident. We also consider the economic environment of our customers, both from a marketplace 01k geographic perspective, in evaluating the need for an allowance.
The pendency of the Baker Hughes acquisition could adversely affect us.
Halliburton now offers the haliburton portfolio of shaped cutters in the oil and gas industry. The prolonged reduction in oil and natural gas prices depressed levels of exploration, development, and production activity in andand prolonged further reductions could have a material adverse effect on our business, consolidated results of operations, and consolidated financial condition.
Loss from continuing operations. Noncontrolling interest in consolidated subsidiaries. We also have proactively developed processes to provide our customers with the chemical constituents of our hydraulic fracturing fluids to enable our customers to comply with state laws as well as voluntary standards established by the Chemical Disclosure Registry, www.
Adjustments to reconcile net loss to cash flows from operating activities: We operate in approximately 70 countries throughout the world to provide a comprehensive range of services and products to the upstream oil and natural gas industry.
Subject to Board of Directors approval, our intention is to continue paying dividends at our current rate during If our customers delay paying or fail to pay us a significant amount of our outstanding receivables, it could have a material adverse effect on our liquidity, consolidated results of operations, and consolidated financial condition.
Our ability to do business is subject to maintaining required licenses and complying with these multiple regulatory requirements applicable to these special products. Other long-term liabilities d. We believe the geographic diversification of our business activities reduces the risk that loss of operations in any one country, other than the United States, would significantly impact the conduct of our operations taken as a whole. We rely on a variety of intellectual property rights that we use in our services and products.
Completion and Production delivers cementing, stimulation, intervention, pressure control, specialty chemicals, artificial lift and completion services. Our exposure at these sites may be materially impacted by unforeseen adverse developments both in the final remediation costs and with respect to the final allocation among the various parties involved at the sites.
See Note 4 to the consolidated financial statements for further financial information related to each of our business segments and a description of the services and products provided by each segment. The declaration and payment of future dividends will be at the discretion of the Board of Directors and will depend on, among other things, future earnings, general financial condition and liquidity, success in business activities, capital requirements and general business conditions.
Except to the extent expressly stated otherwise, information contained on or accessible from our web site or any other web site hallibjrton not incorporated by reference into this annual report on Form K and should not be considered part of this report.
Fri Feb halliburron Period: We are also subject to the risks that our employees, joint venture partners, and agents outside of the United States may fail to comply with other applicable laws.
HALLIBURTON CO – K Annual Reports and Q Quarterly Reports
Halliburyon our own equipment provides us with flexibility to adjust our capital spend based on our visibility of the market. We have continued to work with customers during this downturn to improve project economics through technology and improved operating efficiency, but expect margins to be negatively impacted by lower activity levels and pricing pressure throughout hallburton Governments may also impose economic sanctions against certain countries, persons, and entities that may restrict or prohibit transactions involving such countries, persons and entities, which may limit or prevent our conduct of business in certain jurisdictions.
We own or lease numerous properties in domestic and foreign locations.
These factors could have a material adverse effect on the business and results of operations of our joint ventures and, in turn, our business and consolidated results of operations.
Diluted hzlliburton per share attributable to company shareholders: The adoption of any future federal, state, local, or foreign laws or implementing regulations imposing reporting hhalliburton on, or limiting or banning, the hydraulic fracturing process could make it more difficult to complete natural gas and oil wells hallburton could have a material adverse effect on our liquidity, consolidated results of operations, and consolidated financial condition.
Any delays in receiving payment on our receivables from our primary customer in Venezuela or failure to pay us a significant amount of our outstanding receivables could have a material adverse effect on our liquidity, consolidated results of operations, and consolidated financial condition.
Some of the more significant determinants of current halliurton future spending levels of our customers are oil and natural gas prices, global oil supply, the world economy, the availability of credit, government regulation and global stability, which together drive worldwide drilling activity. Our barite and bentonite mining operations, in support of our fluid services business, are subject to regulation by the federal Mine Safety and Health Administration under the Federal Mine Safety and Health Act of While we and Baker Hughes believe these suits are without merit and have entered into halljburton memorandum of understanding with the plaintiffs of such lawsuits to settle such claims, the outcome of any such litigation is inherently uncertain and is contingent upon the acquisition closing and court approval.
The capital expenditures plan for is primarily directed towards our Production Enhancement, Sperry Drilling, Production Solutions, Wireline and Perforating and Baroid Drilling product service lines. Operating income benefited from depreciation cessation related to assets held for sale during along with increased project management and fluid services activity in the Middle East.
The accuracy of these estimates is impacted by, among other things, the complexity of the issues and the amount of due diligence we have been able to perform.