Tomahawk, WI 8/26/2013 (BasicsMedia) – Halliburton Company (NYSE:HAL) has businesses running in close to 80 countries spread all over the world. Its area of specialization is within the oil and natural gas industry, with the bulk of its consolidated revenue coming from its operations in the U.S. In 2011 and 2012, it has successfully carried out acquisitions of both Multi-Chem Group LLC and the Petris Technology Inc respectively. Its businesses are organized geographically in regions such as the North America, Middle East/Asia, Latin America and the Europe/Africa/CIS locations. But, has its 2013 performance been good, or have investors suffered?

HAL’s Stock Buyback Has Been a Major Success

Recently, HAL decided to undertake stock buyback. This exercise has been quite impressive, and the company has said that the results indicate it was able to surpass all expectations. It bought back more than $3.3 billion worth of its own stock, through a Dutch auction. The auction was oversubscribed thus leading to the impressive performance as announced by HAL recently. Whereas the energy sector has always posted positive results for quite some time, HAL is among the companies which have benefited the most. This benefit is demonstrated by the fact that Halliburton Company stock price has gained a lot.


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A few of the companies which provide services within the same industry as HAL include Key Energy Services, Baker Hughes Incorporated, Petroleo Brasilei, and Apache Corporation to mention but a few. When it was reported that this company had made gains in the stock market, similar reports were made against others such as Chesapeake Energy Corp, and Valero Energy Corp. Similar trends were noticed with other major oil and natural gas companies such as Exxon Mobil, Chevron Corp and ConocoPhillips. It seems that the energy sector has been a major gainer with stock prices which have continued to rise.

HAL’s North American Segment Struggling

The North American segment of the business has been slightly weaker than what the company had actually been looking forward to. However, the International segment has witnessed remarkable growth over the same period, thus cushioning what would otherwise have been terrible news to investors. The company is not quite, neither is it stagnant. It has been carrying out a number of expansion programs designed to make it able to increase its production of both oil and natural gas. The demand for rigs has been on the up, and this is after a period when it seems as if there was no hope with these.

HAL is one of the larger oil field services providers, both in the U.S and the rest of the world. It is in the same category with other equally massive companies such as Weatherford International (NYSE:WFT), and Schlumberger (NYSE:SLB). All these three companies have one thing which they share; they are all buying businesses which manufacture oil and gas equipment. HAL is taking this decision because it intends to consolidate its access to rigs, and hopes that this will help it see its profits and margins increasing manifold. All in all, I have great faith in this stock, and so should all other investors.

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