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In a recent SEC filing, Halliburton Company (NYSE:HAL) announced the results of its Annual Meeting of Shareholders held on May 21, 2025. According to InvestingPro data, the company, currently trading at $20.27, appears undervalued based on its Fair Value analysis. The meeting concluded with the election of all director nominees, ratification of KPMG LLP as independent auditors for the year 2025, and advisory approval of executive compensation.
The election process resulted in a clear mandate for the proposed board of directors, with each nominee receiving a significant majority of votes in favor. Notably, all director nominees were elected, reflecting shareholder confidence in the leadership.
Additionally, the shareholders ratified the appointment of KPMG LLP as the company’s independent auditors for the current fiscal year. The advisory vote on executive compensation was also approved, indicating shareholder satisfaction with the company’s pay practices for its executives.
The detailed voting outcomes for each nominee and item on the agenda were disclosed, providing transparency into the level of support for the company’s proposals and leadership.
Halliburton, based in Houston, Texas, is a leading provider of services and products to the energy industry around the world. The SEC filing confirms that the shareholders’ decisions align with the company’s ongoing governance and oversight.
This report is based on a press release statement and reflects the formal documentation submitted by Halliburton Company to the SEC.
In other recent news, Halliburton reported mixed financial results for the first quarter of 2025. The company’s earnings per share (EPS) slightly missed expectations, coming in at $0.60 compared to the forecast of $0.61. However, Halliburton exceeded revenue forecasts by reporting $5.4 billion against an expected $5.28 billion. Despite this revenue beat, the company’s stock experienced a decline, reflecting investor concerns over the earnings miss and potential future challenges. Analyst firms, including Stifel and Barclays (LON:BARC), have reacted by adjusting their price targets for Halliburton’s stock, with Stifel lowering its target from $37.00 to $32.00 and Barclays reducing it from $29.00 to $26.00. Both firms cited margin pressures and market uncertainties as reasons for their cautious outlooks. Additionally, Halliburton has expressed confidence in the stability of its international operations, although no clear guidance was provided for North America. The company continues to focus on innovation and strategic acquisitions to enhance its competitive position in the oil and gas sector.
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