Halliburton repays $2 billion of debt, with $400 million repaid in Q3

By Devika Patel

Knoxville, Tenn., Oct. 22 – Halliburton Co. repaid $400 million of debt in the last quarter and has paid back $2 billion in the past years.

“Regarding debt retirement, this quarter we repaid our $400 million note that matured in August,” executive vice president and chief financial officer Christopher T. Weber said on the company’s third quarter ended Sept. 30 earnings conference call on Monday.

“With this payment complete, we have now paid back $2 billion in debt over the last years, which is a great accomplishment.

“We had previously discussed repaying our $500 million 2021 maturity; however, we have decided not to do that this year,” Weber said.

Cash and cash equivalents were $2,057,000,000 as of Sept. 30, 2018, compared to $2,337,000,000 as of Dec. 31, 2017.

Halliburton is a Houston-based diversified energy services company.

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