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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:
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.
Halliburton Co Annual Data | |||||||||||
Trend | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | ||||||
Reserve Replacement Ratio % | Get a 7-Day Free Trial |
Halliburton CoQuarterly Data | |||||||||||||||||||||||||||||||||||||||||
Trend | Sep17 | Mar18 | Jun18 | Sep18 | Mar19 | Jun19 | Sep19 | Mar20 | Jun20 | Sep20 | Mar21 | Jun21 | Sep21 | Mar22 | Jun22 | Sep22 | Mar23 | Jun23 | Sep23 | Mar24 | |||||||||||||||||||||
Reserve Replacement Ratio % | Get a 7-Day Free Trial |
For the Oil & Gas Equipment & Services subindustry, Halliburton Co's Reserve Replacement Ratio %, along with its competitors' market caps and Reserve Replacement Ratio % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Halliburton Co (NYSE:HAL) 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.
Thank you for viewing the detailed overview of Halliburton Co's Reserve Replacement Ratio % provided by GuruFocus.com. Please click on the following links to see related term pages.
Van H. Beckwith | officer: EVP, Secretary and CLO | 3000 NORTH SAM HOUSTON PARKWAY EAST, HOUSTON TX 77032 |
Myrtle L Jones | officer: Senior Vice Pres - Tax | 3000 NORTH SAM HOUSTON PARKWAY E., HOUSTON TX 77032 |
Jill D. Sharp | officer: SVP Internal Assurance Svcs. | 3000 NORTH SAM HOUSTON PARKWAY EAST, HOUSTON TX 77032 |
Jeffrey Allen Miller | officer: Exec VP & COO | 3000 N. SAM HOUSTON PARKWAY E., HOUSTON TX 77032 |
Timothy Mckeon | officer: Vice Pres and Treasurer | 3000 NORTH SAM HOUSTON PARKWAY E., HOUSTON TX 77032 |
Eric Carre | officer: EVP, Global Business Lines | 3000 N. SAM HOUSTON PARKWAY EAST, HOUSTON TX 77032 |
Charles Jr. Geer | officer: VP and Corporate Controller | 3000 N. SAM HOUSTON PARKWAY EAST, PLAZA 2-6211, HOUSTON TX 77032 |
Jeffrey Shannon Slocum | officer: President - Eastern Hemisphere | 3000 NORTH SAM HOUSTON PARKWAY EAST, HOUSTON TX 77032 |
Maurice S Smith | director | 353 N. CLARK STREET, SUITE 3300, CHICAGO IL 60654 |
Janet L Weiss | director | 3000 N SAM HOUSTON PKWY E, HOUSTON TX 77032 |
Margaret Katherine Banks | director | 125 SPENCE STREET, SUITE 500, ZACHRY ENGINEERING EDUCATION COMPLEX, COLLEGE STATION TX 77843 |
Lawrence J Pope | officer: Vice Pres, HR and Admin | 3000 NORTH SAM HOUSTON PARKWAY E., HOUSTON TX 77032 |
Joe D Rainey | officer: Pres., Eastern Hemisphere | EMIRATES TOWER, 13TH FLOOR, SHEIKH ZAYED ROAD, DUBAI C0 00000 |
Lance Loeffler | officer: Chief Financial Officer | 3000 NORTH SAM HOUSTON PARKWAY EAST, HOUSTON TX 77032 |
Mark Richard | officer: President - Western Hemisphere | 3000 NORTH SAM HOUSTON PARKWAY EAST, HOUSTON TX 77032 |
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