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Halliburton Talks 2019 Outlook: How Majors, Larger, Small Operators are Adapting
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Halliburton reported its Q4 and year-end 2018 results as well as discussed its outlook for 2019 in its conference call.
Here are the highlights.
2019 Headwinds - How E&Ps are Adapting 1. Majors Shifting Capital from Offshore/Deepwater to Shale CEO Jeff Miller commented: "As I talk to customers I hear three distinct approaches: First, the majors, They largely stay the course on their budget plan, and as many of them recently shifted their investment priorities from offshore and deepwater to shore recycle North America shale plays." 2. Large Independents Keeping Spending Flat - Budgeted for $50 Oil "Second, large independents, most of them already budgeted for $50 oil last year, so their spending should be mostly flat in 2019." 3. Small E&Ps to Make Most Budget Cuts "Small E&Ps who…- ✓ Full news archive — U.S., Canada & international coverage
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