Halliburton says n. american e&p capex trending toward 50% reduction yoy in 2020
Halliburton - activity is in free-fall in north america and is slowing down internationally - conf call.halliburton ceo jeff miller says today's market calls for deeper immediate actions - conf call.halliburton ceo - came into 2020 with improving expectations but dislocations due to pandemic and oil price drop have altered those - conf call.halliburton ceo - believe we have "sufficient" liquidity - conf call.halliburton - we believe free cash flow generation will be seufficient to pay down upcoming debt maturities - conf call.halliburton - we have no intention to increase leverage to maintain dividend - conf call.halliburton - our dividend is a lever we can pull based on market outlook - conf call.halliburton says right now north american e&p capex is trending toward 50% reduction year-on-year in 2020 - conf call.halliburton - expect significant operational disruptions at least through q2 due to covid-19 lockdown measures - conf call.halliburton - expect international spending to be down in range of 10% this year - conf call.halliburton - anticipate least affected markets will be opec countries, middle east; offshore africa may see double digit declines in 2020 - conf call.halliburton ceo says "we were coming into this downturn from a very different place than 2014" - conf call.halliburton - eliminated salary inceases for all personnel this year - conf call.
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