Halliburton Co (BSP:HALI34) Reserve Replacement Ratio % : 0.00% (As of . 20)

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What is Halliburton Co Reserve Replacement Ratio %?

Reserve Replacement Ratio % (RRR) is a metric used by investors to judge an oil company's operating performance. It is the amount of oil added to a company's reserves divided by the amount extracted for production.

The historical rank and industry rank for Halliburton Co's Reserve Replacement Ratio % or its related term are showing as below:

BSP:HALI34's Reserve Replacement Ratio % is not ranked ^*
in the Oil & Gas industry.
Industry Median:
* Ranked among companies with meaningful Reserve Replacement Ratio % only.

Halliburton Co Reserve Replacement Ratio % Historical Data

The historical data trend for Halliburton Co's Reserve Replacement Ratio % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Halliburton Co Reserve Replacement Ratio % Chart

Halliburton Co (BSP:HALI34) Reserve Replacement Ratio % Explanation

Reserve Replacement Ratio % is a metric used by investors to judge an oil company's operating performance. It measures the amount of proved reserves added to a company's reserve base during the year, relative to the amount of oil and gas that the company has produced.

According to conventional market wisdom, when demand is stable, a company's reserve-replacement ratio must be at least 100% for the company to sustain current production levels. Any figure greater than 100% likely indicates that the company has room for growth. Conversely, any number less than 100% telegraphs a cause for concern that the company may soon run out of oil.

This ratio can sometimes be affected by new technologies, changes to supply and demand dynamics and fluctuating oil prices. A high reserve-replacement ratio achieved through organic replacement is considered better than a high reserve-replacement ratio achieved through purchasing proved reserves.

Halliburton Co Reserve Replacement Ratio % Related Terms

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Halliburton Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Halliburton Co (BSP:HALI34) » Definitions » Reserve Replacement Ratio %

Comparable Companies

Traded in Other Exchanges

HAL:USA HAL:Mexico 1HAL:Italy HALd:UK 0R23:UK HAL:Germany HAL:Germany HAL:Germany HAL:Germany HAL:Austria

Address

3000 North Sam Houston Parkway East, Houston, TX, USA, 77032

Website

https://www.halliburton.com

Halliburton is North America's largest oilfield service company as measured by market share. Despite industry fragmentation, it holds a leading position in the hydraulic fracturing and completions market, which makes up nearly half of its revenue. It also holds strong positions in other service offerings like drilling and completions fluids, which leverages its expertise in material science, as well as the directional drilling market. While we consider SLB the global leader in reservoir evaluation, we think Halliburton leads in any activity from the reservoir to the wellbore. The firm's innovations have helped multiple producers lower their development costs per barrel of oil equivalent, with techniques that have been homed in over a century of operations.

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