H&P rises after drilling automation partnership with ExxonMobil
HP•Helmerich & Payne shares rose 2% premarket after the company said it plans to deploy seven additional FlexRobotics systems for ExxonMobil over the next 12 months. H&P forecast stronger 2027 operating profit margins and robust fourth-quarter results.
1. Planned deployments
H&P plans to deploy seven additional FlexRobotics systems for ExxonMobil over the next 12 months. The company described FlexRobotics as its automated drilling-rig technology and said it remains committed to lowering leverage by the end of fiscal 2027.
