H&P rises after drilling automation partnership with ExxonMobil

Exxonmobil Holdings

07/10/2026 13:41

** Shares of oilfield services company Helmerich and Payne HP.N up 2% at $40.4 premarket
** H&P says it plans to deploy seven additional FlexRobotics systems for ExxonMobil XOM.N over the next 12 months
** FlexRobotics is HP's automated drilling-rig technology
** Co forecasts stronger 2027 operating profit margins and robust Q4 results
** Says it is still committed to lowering leverage by the end of FY27
** As of last close, stock up 38.1% YTD

 (Reporting by Darshan Kumar in Bengaluru)
 ((darshan.kumar@thomsonreuters.com))