Halliburton Company (HAL) is listed on NYSE and operates in the Oil & Gas Equipment & Services industry (Energy sector).
Halliburton Company provides products and services to the energy industry worldwide. It operates in two segments, Completion and Production, and Drilling and Evaluation. The Completion and Production segment offers production enhancement services that include stimulation and sand control services; cementing services, such as well bonding and casing, and casing equipment; completion tools that offer downhole solutions and services, including well completion products and services, intelligent well completions, and service tools, as well as liner hanger, sand control, and multilateral systems; production solutions comprising coiled tubing, hydraulic workover units, downhole tools, and pumping and nitrogen services; and pipeline and process services, such as pre-commissioning, commissioning, maintenance, and decommissioning. This segment also provides electrical submersible pumps, as well as artificial lift services. The Drilling and Evaluation segment offers drilling fluid systems, performance additives, completion fluids, solids control, specialized testing equipment, and waste management services; oilfield completion, production, and downstream water and process treatment chemicals and services; drilling systems and services; wireline and perforating services consists of open-hole logging, and cased-hole and slickline; and drill bits and services comprising roller cone rock bits, fixed cutter bits, hole enlargement, and related downhole tools and services, as well as coring...
| Rating | Analysts |
|---|---|
| Strong Buy | 1 |
| Buy | 44 |
| Hold | 16 |
| Sell | 3 |
| Strong Sell | 0 |
Halliburton Company, founded in 1919 and headquartered in Houston, Texas, provides products and services to the global energy industry. It operates through two main segments: Completion and Production, and Drilling and Evaluation. The Completion and Production segment offers services such as stimulation, sand control, and cementing, along with completion tools and production solutions. This includes well completion products, intelligent well completions, coiled tubing, hydraulic workover units, and artificial lift services. Additionally, it provides pipeline and process services, including pre-commissioning, maintenance, and decommissioning. The Drilling and Evaluation segment delivers drilling fluid systems, performance additives, and waste management services. It also offers drilling systems, wireline and perforating services, and drill bits. Furthermore, this segment provides cloud-based digital services and artificial intelligence solutions for subsurface insights, integrated well construction, and reservoir management. It also includes testing and subsea services, as well as project and integrated asset management services. Halliburton's comprehensive offerings support various stages of oil and gas exploration and production.
Over the past three fiscal years, the company has faced a challenging period marked by declining revenues and profitability metrics. Revenue consistently decreased at a CAGR of -1.8%, dropping from $23.02 billion in 2023 to $22.18 billion in 2025. This decline in revenue was accompanied by a significant contraction in profitability, with gross margin falling by 3.2pp to 15.8%, and operating margin decreasing by 5.8pp to 11.9%. Net margin also saw a reduction of 5.7pp, ending at 5.8%. Earnings per share (EPS) reflected this downturn, decreasing sharply by 28.3% annually, from $2.92 to $1.50. Despite these challenges, the company maintained positive cash flows, although both operating cash flow (OCF) and free cash flow (FCF) experienced declines, with FCF dropping from $2.08 billion to $1.67 billion. The company's cash conversion ratio improved consistently, reaching 2.26, indicating that earnings were increasingly backed by actual cash. Additionally, the company reduced its net debt by $618 million over the period, demonstrating a focus on strengthening its balance sheet. Notably, the company executed a share buyback program, reducing the share count by 6.9%, which helped to enhance per-share value despite the broader financial pressures.
Recent developments for Halliburton Company (HAL) primarily focus on its financial performance and strategic initiatives. In its Q1 2026 earnings report, Halliburton exceeded analysts' expectations, with earnings per share falling 8% to 55 cents, surpassing the anticipated 50 cents. Revenue slightly declined, but the results were better than expected, leading to a 4% increase in stock price. This performance was highlighted by early signs of recovery in North America, as reported on April 21. Additionally, Halliburton is actively negotiating commercial terms for operations in Venezuela, indicating strategic expansion efforts. On April 14, the company secured a multibillion-dollar contract with YPF to expand fracking operations in Argentina's Vaca Muerta, further underscoring its commitment to growth in international markets. Despite these positive developments, Halliburton's stock experienced a dip earlier in the month, as noted by Zacks Investment Research. Overall, Halliburton's recent activities reflect a focus on overcoming market challenges and leveraging opportunities in emerging markets.