Chevron je blízko získání dvou těžkých ropných polí ve Venezuele. Halliburton jedná o dodávkách vybavení a služeb, protože obnova těžby vyžaduje miliardy dolarů.
Key Takeaways Chevron is reportedly close to adding two heavy-oil fields to its Venezuelan portfolio.Halliburton is discussing equipment and services deals as Venezuela seeks to restore production.Venezuela's undeveloped fields require billions in investment, creating oilfield-service opportunities. Chevron Corporation (CVX - Free Report) and Halliburton Company (HAL - Free Report) are reportedly nearing deals that could bring billions of dollars of investment into Venezuela’s oil industry. The potential agreements come as the Trump administration pushes U.S. energy companies to help rebuild Venezuela’s oil sector.
Chevron is reportedly close to adding two heavy-oil fields to its Venezuelan portfolio, while Halliburton is in discussions to provide equipment and oilfield services to producers in the country. Executives from several oil and gas companies are expected to travel to Caracas next week to sign production agreements, with Energy Secretary Chris Wright also expected to attend.
Chevron Could Expand Its Venezuelan FootprintChevron already operates three joint ventures with Venezuela’s state-owned oil company, Petróleos de Venezuela, S.A., making it the only major U.S. oil producer with an active presence in the country.
The potential addition of two heavy-oil fields would further strengthen Chevron’s position in Venezuela. The move could provide the company with access to additional resources in a country that holds some of the world’s largest proven oil reserves.
The opportunity also aligns with the Trump administration’s objective of increasing Venezuelan oil production and securing additional supplies of heavy crude for U.S. refineries.
Halliburton Targets Oilfield Services OpportunityHalliburton is separately discussing an agreement to supply equipment and services to Venezuelan oil producers. The potential deal could give the oilfield-services giant an opportunity to expand its presence in a market requiring substantial investment to restore and develop production capacity.
Many of the fields being offered are undeveloped greenfields that lack basic infrastructure. Developing these assets would require billions of dollars in investment, potentially creating opportunities for companies providing drilling, equipment and other oilfield services.
Venezuela’s Untapped Oil PotentialVenezuela currently produces oil volumes that are considerably below its potential despite possessing some of the world's largest proven reserves. Years of underinvestment, mismanagement and sanctions have left production significantly below the country’s potential.
The potential investment comes as the United States and Venezuela discuss broader arrangements involving the country’s oil resources. Long-term leases are reportedly being considered for some fields, while the Trump administration has separately pursued an interest in 17 major Venezuelan fields containing an estimated 90 billion barrels of proven reserves.
ExxonMobil and ConocoPhillips Remain on the SidelinesWhile Chevron is moving closer to expanding its Venezuelan operations, ExxonMobil Holdings Corporation (XOM - Free Report) and ConocoPhillips (COP - Free Report) are reportedly taking a more cautious approach.
Both XOM and COP continue to seek billions of dollars in restitution related to assets nationalized by the former Venezuelan leader in 2007. Their decision to hold off for now highlights the potential political and financial complexities surrounding investments in the country.
U.S. Push Could Reshape Venezuela’s Oil IndustryThe potential Chevron and Halliburton agreements follow earlier deals involving U.S. energy companies. Hunt Oil Company and SLB recently signed agreements with Venezuela, marking some of the first major deals between American oil companies and the country in nearly two decades. Hunt Oil was the first company to sign an agreement to pump Venezuelan oil.
The latest developments also come amid reports of a broader U.S.-Venezuela arrangement involving majority U.S. control of more than 65 billion barrels of Venezuela’s proven oil reserves. However, details about the structure, participating companies and how that control would be exercised remain limited.
Investment ImplicationsFor Chevron, currently carrying a Zacks Rank #3 (Hold), expanding in Venezuela could strengthen its long-term upstream portfolio and increase exposure to the country’s vast heavy-oil resources. For Halliburton, also carrying a Zacks Rank #3 at present, increased investment in Venezuelan fields could generate demand for drilling equipment and oilfield services.
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
However, developing Venezuela’s underinvested oil fields will require substantial capital and infrastructure. The reported decisions by ExxonMobil and ConocoPhillips to remain on the sidelines also underscore the uncertainties surrounding the market. As negotiations progress, investors will likely focus on the final terms of the agreements, the scale of investment commitments and the pace at which Venezuelan production can recover.
Halliburton získal integrovanou zakázku od BP na první vyhodnocovací kampaň v brazilském hlubokomořském poli Bumerangue. Součástí jsou vrtání, vyhodnocení, automatizace a dálkové operace.
Key Takeaways Halliburton will support BP's first appraisal campaign in Brazil's offshore Bumerangue field.HAL will integrate drilling, evaluation, automation and remote operations to improve execution efficiency.LOGIX, AI and advanced drilling technologies will provide real-time insights across the workflow. Halliburton Company (HAL - Free Report) has secured an integrated contract from BP p.l.c. (BP - Free Report) to support the first appraisal campaign in the Bumerangue field, an offshore deepwater discovery in Brazil. The award strengthens Halliburton’s role in BP’s efforts to advance evaluation of the field while streamlining the execution of a complex deepwater program.
The contract covers a comprehensive suite of services designed to fast-track the appraisal campaign. Halliburton will combine multiple capabilities under an integrated execution model, helping BP optimize reservoir evaluation and improve operational efficiency during the drilling program.
Integrated Services Target Operational EfficiencyA key element of the contract is the consolidation of multiple drilling and evaluation services. By bringing these capabilities together, Halliburton aims to reduce operational complexity and create a more coordinated workflow for the appraisal campaign.
Halliburton will also deploy its LOGIX™ automation and remote operations technologies. These digital capabilities are expected to support greater execution efficiency and consistency as the company works on the deepwater appraisal program.
The approach highlights the growing importance of integrated service models in technically demanding offshore projects. Rather than relying on separate service components, the contract brings drilling, evaluation, automation and digital capabilities into a connected execution framework.
Digital Technology Takes Center StageThe Bumerangue project also underscores Halliburton’s focus on using digital technologies to improve well construction and asset development. According to the company, the collaboration combines digital solutions with automated well construction to support oil and gas production.
Data, artificial intelligence and advanced drilling technologies will provide real-time insights across the workflow, from well planning through execution and evaluation. Such capabilities can help support faster and more informed decisions while promoting consistent performance during deepwater development.
Local Expertise Supports Deepwater ExecutionHalliburton highlighted the combination of digital solutions, integrated service delivery and local expertise as a key strength behind the award. Francisco Tarazona, senior vice president of Latin America at Halliburton, said the contract demonstrates the company’s ability to execute complex deepwater projects using this combination of capabilities.
For Halliburton, the contract provides an opportunity to apply its integrated drilling and evaluation portfolio to a major offshore appraisal campaign. For BP, the consolidated service approach is intended to simplify operations while generating insights needed to evaluate the Bumerangue discovery.
What the Contract Means for HalliburtonThe award reinforces Halliburton’s positioning in Brazil’s deepwater market and showcases its strategy of combining conventional oilfield services with automation, AI and digital technologies. The company’s integrated approach could help it capture additional opportunities as operators seek greater efficiency from technically complex offshore projects.
The Bumerangue campaign also demonstrates how digitalization is becoming increasingly embedded in deepwater well planning, drilling and evaluation. Halliburton’s ability to connect these functions through an integrated workflow could remain an important differentiator as offshore developments become more technologically demanding.
HAL’s Zacks Rank & Key PicksHouston, TX-based Halliburton is one of the largest oilfield service providers in the world, offering a variety of equipment, maintenance, and engineering and construction services to the energy, industrial and government sectors. Currently, HAL carries a Zacks Rank #3 (Hold).
Investors interested in the energy sector may consider some top-ranked stocks like Drilling Tools International Corporation (DTI - Free Report) and HF Sinclair Corporation (DINO - Free Report) , each sporting a Zacks Rank #1 (Strong Buy) at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
Drilling Tools International is a global oilfield services provider focused on supplying downhole tools used in horizontal and directional drilling. The Zacks Consensus Estimate for DTI’s current quarter earnings indicates 200% year-over-year growth.
HF Sinclair is an independent energy company producing and marketing gasoline, diesel, jet fuel, renewable diesel, lubricants and specialty products. The Zacks Consensus Estimate for DINO’s 2026 earnings indicates 134.2% year-over-year growth.
Halliburton získal od společnosti Petrobras zakázku na vrtání a dokončení čtyř onshore vrtů pro pilotní projekt São Tomé CCS v Brazílii. Projekt má ročně zachytit až 100 000 tun CO2 po dobu tří let.
Key Takeaways Halliburton won a Petrobras contract to drill and complete four wells for the Sao Tome CCS pilot.The project will capture up to 100,000 metric tons of CO2 annually for three years.Halliburton gains CCS experience while strengthening its relationship with Petrobras in Brazil. Halliburton (HAL - Free Report) and Petrobras (PBR - Free Report) are expanding their long-standing relationship through a new contract focused on carbon capture and storage (“CCS”) infrastructure in Brazil. The company has won a contract from Petrobras to drill and complete four onshore wells at the Barra do Furado Station in Quissamã, Rio de Janeiro, for the São Tomé CCS Pilot Project.
The contract covers one vertical injection well and three directional monitoring wells. The project is expected to strengthen its position in Brazil while allowing the oilfield services company to participate in an emerging carbon-management market.
Halliburton to Support Petrobras' São Tomé CCS ProjectUnder the contract, Halliburton, a Houston, TX-based oil and gas equipment and services company, will provide drilling and completion services for the four wells required for the pilot project. The wells will form an important part of the infrastructure needed to inject and monitor carbon dioxide (CO2) in a saline reservoir.
According to Petrobras’ press release, it expects drilling, well completion and associated infrastructure to be finished by 2028. The company plans to begin the operational phase in 2029, followed by three years of CO2 injection and another three years of reservoir monitoring.
The pilot is designed to capture up to 100,000 metric tons of CO2 annually for three years. Petrobras said the project will test the full chain of technologies involving CO2 capture, pipeline transportation and geological storage in a saline reservoir.
The São Tomé project is particularly significant because Petrobras describes it as the first project in Latin America to integrate CO2 transport by pipeline with storage in a saline reservoir.
New Contract Adds to Halliburton's Brazil OpportunitiesThe latest award adds to Halliburton's growing activity with Petrobras. In January 2025, Halliburton announced a major three-year contract to provide integrated drilling services across several offshore fields in Brazil. The agreement includes drilling services for development and exploration wells and uses technologies such as the iCruise intelligent rotary steerable system and LOGIX automation and remote operations platform.
Petrobras also awarded Halliburton multiple deepwater contracts in 2025 for vessel stimulation, intelligent completions and safety valves in the Búzios, Séepia and Atapu fields. These contracts are expected to begin in 2026.
Halliburton has also secured a multi-year Petrobras contract for integrated well interventions and plug-and-abandonment services. The 2024 agreement covers nearly two-thirds of Petrobras' intervention and plug-and-abandonment work, further highlighting the importance of Brazil’s market to Halliburton.
CCS Could Create a New Growth AvenueThe São Tomé contract is relatively small compared with large offshore drilling and completion programs, but its strategic importance could be greater than the immediate financial contribution. The project gives Halliburton exposure to CCS infrastructure and technologies at a time when energy companies are seeking ways to reduce emissions from industrial operations.
For Halliburton, participation in the project also complements its traditional oilfield services business. The company has extensive experience with drilling, well construction, completion and reservoir-related technologies, capabilities that can be applied to emerging carbon-storage projects.
Halliburton's experience in technically challenging Brazilian operations could also support its role in the project. The company has previously highlighted its ability to integrate drilling, cementing, fluids, formation evaluation and other services to improve well-construction efficiency in Brazil.
What It Means for HAL StockThe new Petrobras contract is a positive development for Halliburton because it strengthens an established customer relationship. This also expands the company's participation in Brazil beyond conventional oil and gas activity. However, investors should not expect the four-well CCS project alone to materially change Halliburton's near-term financial results.
The bigger takeaway is the potential for Halliburton to establish an early position in carbon-storage projects. Successful execution of the São Tomé pilot could provide valuable experience in drilling, completing and monitoring wells used for CO2 storage. This may help Halliburton compete for similar projects as CCS infrastructure expands across Latin America and other markets.
At the same time, Halliburton remains heavily exposed to conventional oil and gas activity. Its financial performance will continue to depend largely on drilling and completion activity, customer capital spending and commodity-price trends.
Overall, the Petrobras award represents another positive development for Halliburton in Brazil. While the direct financial impact of the four-well project is likely to be limited, the contract strengthens Halliburton's relationship with one of the world's major energy producers and provides exposure to the growing CCS market. For investors, the project adds another potential long-term growth avenue to Halliburton's established oilfield services business.
HAL's Zacks Rank & Key PicksCurrently, HAL has a Zacks Rank #3 (Hold), while PBR carries a Zacks Rank #4 (Sell).
Investors interested in the energy sector might consider some better-ranked stocks, such as Par Pacific (PARR - Free Report) and Delek US Holdings (DK - Free Report) , both sporting a Zacks Rank #1 (Strong Buy) at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
Par Pacific is valued at $3.96 billion. It is a diversified energy company that owns and operates petroleum refineries, logistics assets and retail fuel businesses across the United States. Par Pacific focuses on refining, transporting and marketing fuel products while serving regional markets with reliable energy solutions.
Delek US Holdings is valued at $4.38 billion. It is a diversified downstream energy company engaged in petroleum refining, renewable fuels, asphalt production and logistics operations. Delek US Holdings operates multiple refineries in the United States and is committed to delivering safe, reliable energy while investing in cleaner energy initiatives.
Halliburton za poslední měsíc přidal asi 6 % po zveřejnění výsledků za 2. čtvrtletí, kdy tržby vzrostly na 5,7 miliardy USD a překonaly odhady. Zisk na akcii (EPS) byl 55 centů.
It has been about a month since the last earnings report for Halliburton (HAL - Free Report) . Shares have added about 6% in that time frame, outperforming the S&P 500.
But investors have to be wondering, will the recent positive trend continue leading up to its next earnings release, or is Halliburton due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the latest earnings report in order to get a better handle on the important catalysts.
Halliburton Q2 Earnings & Revenues Beat Estimates, Sales Up Y/YHalliburton reported second-quarter 2026 adjusted net income per share of 55 cents, marginally beating the Zacks Consensus Estimate of 54 cents. The outperformance was backed by year-over-year revenue growth. However, the bottom line was flat compared with the prior-year level.
Meanwhile, the Houston, TX-based oil and gas equipment and services company’s second-quarter revenues of $5.7 billion were up 3.7% year over year and beat the Zacks Consensus Estimate of $5.5 billion. The outperformance was driven by higher revenues in both segments of the company — the Completion and Production segment and the Drilling and Evaluation segment.
Inside Halliburton’s Regions & SegmentsNorth America revenues increased by $17 million year over year to $2.3 billion, driven by higher stimulation activity and increased well construction activity in the United States and higher fluids activity in the Gulf of America, also beating our projection by around $29 million. On the other hand, revenues from Halliburton’s international operations increased 5.7% from the year-ago period to $3.4 billion.
The Completion and Production segment earned $474 million in operating income, lower than last year’s $513 million. The figure also missed our estimate of $480 million. The underperformance of the segment was due to lower specialty chemicals activity in North America resulting from the sale of a portion of the chemical business, decreased cementing activity in Latin America and lower activity across multiple product service lines in the Middle East.
The Drilling and Evaluation unit’s profit increased to $338 million in the second quarter of 2026 from $312 million in the same period of 2025. The figure also beat our estimate of $322 million. This rise was backed by increased drilling-related services and higher wireline activity in North America and Europe/Africa and increased drilling-related services in Asia.
Q2 Balance SheetHalliburton reported second-quarter capital expenditure of $235 million. As of June 30, 2026, the company had approximately $2 billion in cash/cash equivalents and $7.1 billion in long-term debt, representing a debt-to-capitalization of 39%. HAL bought back $200 million worth of its stock and invested $46 million in the SAP S/4 migration during the second quarter of 2026. The company generated $824 million of cash flow from operations in the second quarter, leading to a free cash flow of $668 million.
Management Remarks & OutlookHalliburton's management remains optimistic about the company's growth prospects, supported by its differentiated technology portfolio and strong value proposition. Management expects these strengths to drive revenue growth and margin expansion over the coming quarters. Internationally, the company is encouraged by recent contract wins and a robust pipeline of future opportunities, with demand for its services and technologies increasing across all regions. In North America, management noted a recovery during the quarter and anticipates further gradual improvement through the remainder of the year. Halliburton also reaffirmed its commitment to capital discipline and delivering strong shareholder returns, viewing these priorities as key drivers of its long-term success.
How Have Estimates Been Moving Since Then?In the past month, investors have witnessed a downward trend in estimates review.
VGM ScoresAt this time, Halliburton has a subpar Growth Score of D, though it is lagging a bit on the Momentum Score front with an F. However, the stock has a score of B on the value side, putting it in the top 40% for value investors.
Overall, the stock has an aggregate VGM Score of D. If you aren't focused on one strategy, this score is the one you should be interested in.
OutlookEstimates have been broadly trending downward for the stock, and the magnitude of these revisions indicates a downward shift. Interestingly, Halliburton has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months.
Beetaloo Energy Australia uzavřela nezávaznou dohodu s Halliburton o podpoře plynového projektu pro datová centra a AI v Severním teritoriu Austrálie. Halliburton má dodat technické know-how pro těžbu a rozvoj plynových zdrojů.
The company logo of Halliburton oilfield services corporate offices is seen in Houston, Texas April 6, 2012. REUTERS/Richard Carson/File Photo Purchase Licensing Rights, opens new tab
CompaniesJuly 30 (Reuters) - Beetaloo Energy Australia (BTL.AX), opens new tab said on Thursday it had signed a non-binding agreement with oilfield services firm Halliburton (HAL.N), opens new tab to help advance a proposed gas-to-power and data centre development in Australia's Northern Territory.
Halliburton will provide technical expertise to assess and develop gas resources for Beetaloo Digital, a project focused on supplying power to hyperscale data centres and AI infrastructure, centred on a 185-hectare site at Weddell near Darwin.
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Beetaloo Energy said Halliburton could contribute expertise in field development, drilling, project execution and scalable gas-fired power generation.
Beetaloo Energy Chief Executive Alex Underwood described the agreement as another step in building a group of specialist partners across gas supply, power generation, pipelines and data-centre development.
The project is based on gas resources in the Beetaloo Basin and remains subject to concept studies, partner agreements, financing and regulatory approvals, the company said.
Reporting by Rajasik Mukherjee; Editing by Subhranshu Sahu
Our Standards: The Thomson Reuters Trust Principles., opens new tab
For the quarter ended June 2026, Halliburton (HAL - Free Report) reported revenue of $5.71 billion, up 3.7% over the same period last year. EPS came in at $0.55, compared to $0.55 in the year-ago quarter.
The reported revenue represents a surprise of +4.19% over the Zacks Consensus Estimate of $5.48 billion. With the consensus EPS estimate being $0.54, the EPS surprise was +1.85%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Halliburton performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Revenue- Latin America: $1.12 billion compared to the $1.11 billion average estimate based on three analysts. The reported number represents a change of +14.9% year over year.Revenue- Europe/Africa/CIS: $1.02 billion versus $877.28 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +24% change.Revenue- North America: $2.28 billion versus the three-analyst average estimate of $2.25 billion. The reported number represents a year-over-year change of +0.8%.Revenue- Middle East/Asia: $1.3 billion versus the three-analyst average estimate of $1.3 billion. The reported number represents a year-over-year change of -10.7%.Revenue- Drilling and Evaluation: $2.51 billion compared to the $2.35 billion average estimate based on five analysts. The reported number represents a change of +7.4% year over year.Revenue- Completion and Production: $3.2 billion versus $3.15 billion estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +1% change.Operating income- Completion and Production: $474 million versus the five-analyst average estimate of $480.38 million.Operating income- Drilling and Evaluation: $338 million versus $322.07 million estimated by five analysts on average.Operating income- Corporate and other: $-83 million versus the two-analyst average estimate of $-96.5 million.View all Key Company Metrics for Halliburton here>>>
Shares of Halliburton have returned -5.7% over the past month versus the Zacks S&P 500 composite's +0.6% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
Halliburton získal nové víceroční zakázky v Kuvajtu, Iráku, Alžírsku, Saúdské Arábii a Surinamu, které posilují jeho dlouhodobý růst. Firma zároveň těží z technologií pro vrtání a automatizaci, i když krátkodobě zůstává výhled zisků nerovnoměrný.
Key Takeaways International contract wins across Kuwait, Iraq and Suriname strengthen Halliburton's long-term growth.Technology-led drilling and automation solutions improve efficiency, margins and customer value globally.Middle East risks, softer service activity and uneven guidance keep near-term earnings visibility limited. Halliburton Company (HAL - Free Report) enters the second half of 2026 with a stronger international growth case and a still-uneven operating backdrop. The stock’s appeal rests on contract momentum, technology adoption and exposure to long-cycle energy investment.
The caution is equally clear. Middle East activity, mobilization costs and service-line variability keep earnings visibility from fully matching the stronger backlog story.
Halliburton Is Leaning on International DemandInternational demand is the backbone of HAL’s current thesis. The company delivered $3.4 billion of international revenues in the second quarter, its highest second-quarter international level in more than a decade, despite disruptions in the Middle East.
Image Source: Halliburton Company
Management sees demand for Halliburton’s services and technology across every major region. Offshore, unconventional and intervention markets are carrying the international opportunity, and outside the Middle East, Halliburton expects low double-digit international growth in 2026.
HAL's Wins Are Expanding the Multiyear BacklogRecent awards are broadening Halliburton’s opportunity set. The company secured a multi-year Kuwait Oil Company agreement tied to Ahmadi Innovation Valley, an integrated field management and engineering contract in Iraq, unconventional drilling work in Algeria and long-term projects in Saudi Arabia’s Jafurah field.
Offshore work adds another layer to the backlog. Halliburton won integrated well construction contracts for TotalEnergies’ GranMorgu deepwater development offshore Suriname, supporting a more diversified revenue base across national oil companies and global operators.
SLB (SLB - Free Report) remains a key global technology competitor in energy services, while Baker Hughes Company (BKR - Free Report) gives investors another reference point for oilfield services and equipment exposure. Against that peer backdrop, Halliburton’s wins matter because they extend relationships in multiple geographies rather than depending on one market cycle.
Halliburton's Technology Is Driving Better MixTechnology is central to the margin story. Halliburton is using ZEUS IQ, LOGIX automation, OCTIV automated pumping controls and Sekal’s closed-loop drilling capabilities to improve well placement, drilling precision, recovery and operating efficiency.
This matters because the company is competing on performance, not only price. In Norway, the closed-loop drilling solution helped deliver back-to-back record wells, while the newest ZEUS IQ release gives customers better treatment control in simul-frac operations.
HAL Still Faces Near-Term Execution RisksThe improved long-term setup does not eliminate near-term risk. Middle East operations in Iraq, Kuwait, Bahrain and other markets remain tied to shifting geopolitical conditions, and management’s guidance assumes current activity rather than a return to pre-conflict levels.
Third-quarter guidance also points to uneven revenue trends. Completion and Production revenues are expected to be flat to down 2% sequentially, while Drilling and Evaluation revenues are expected to decline 3-5%.
Profit visibility is still affected by moving equipment into new international projects. Lower software sales, weaker project management activity in Latin America, lower specialty chemicals activity and Middle East service-line weakness show that recovery is not evenly distributed.
What HAL’s Ratings Signal NowThe bottom line is that HAL has a better international growth base, but the stock still reflects a balance between improving momentum and incomplete earnings visibility. Contract wins, technology deployment and cash generation support the long-term case, while guidance and geopolitical risk argue for discipline.
The stock currently carries a Zacks Rank #3 (Hold). That rank indicates a more balanced near-term earnings revision profile than a clear buy signal, which fits a company with credible drivers but not yet clean acceleration.
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
HAL has a VGM Score of B, Value Score of B, Growth Score of C and Momentum Score of A. The Style Scores suggest solid value and very favorable momentum characteristics, while the Growth Score of C points to a less convincing growth profile than the headline award momentum alone might imply.
Halliburton Company (NYSE:HAL) on Tuesday reported better-than-expected second-quarter 2026 results.
Adjusted EPS of 55 cents beat the 54-cent estimate. Revenue rose 3.7% year over year to $5.714 billion, topping the $5.486 billion estimate.
“I am pleased with Halliburton’s performance this quarter, and believe the global outlook for Halliburton is strong. I expect our differentiated technology and value proposition set the stage for revenue growth and margin expansion,” CEO Jeff Miller said.
Halliburton shares fell 1.3% to trade at $32.77 on Wednesday.
These analysts made changes to their price targets on Halliburton following earnings announcement.
Barclays analyst David Anderson maintained the stock with an Overweight rating and lowered the price target from $55 to $53. Evercore ISI Group analyst James West maintained the stock with an Outperform rating and lowered the price target from $46 to $43. Considering buying HAL stock? Here’s what analysts think:
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Kuwait Oil Company udělila Halliburtonu víceletou smlouvu na rozvoj Ahmadi Innovation Valley, centra pro vývoj technologií a R&D v kuvajtském energetickém sektoru.
HOUSTON--(BUSINESS WIRE)--Kuwait Oil Company (KOC) awarded Halliburton (NYSE: HAL) a multi-year agreement to support the development of the Ahmadi Innovation Valley (AIV), a flagship initiative that advances Kuwait’s energy sector transformation.
The research and development (R&D) center will support KOC to deliver solutions in brownfield, greenfield, and unconventional fields, address higher operational complexity, and build technology designed for Kuwait’s upstream challenges. The center embeds applied research as a permanent capability from concept through prototyping, piloting, and commercialization.
This award builds on the established presence of Halliburton in Kuwait. Halliburton will deploy key technologies to execute a tailored program of projects and engineered solutions. Digital capabilities are central to the program, through the application of data, scientific analysis, and artificial intelligence for the full field lifecycle.
This approach will help KOC make faster decisions with confidence, improve asset performance, and align teams. The projects support KOC asset needs and build in-country capability for long-term growth.
“This award reflects the depth of the long-term collaboration with KOC and the shared focus on advancing technology development in Kuwait’s energy sector,” said Jeff Miller, Halliburton chairman, president, and CEO. “We collaborate and engineer solutions to maximize asset value for our customers. The upstream R&D center demonstrates this approach in action. We combine global expertise, digital capabilities, and in-country presence to address Kuwait’s unique upstream challenges.”
The AIV program represents a strategic national asset and marks a shift from traditional field services to the co-creation of technology and innovation. It further demonstrates KOC’s vision to make innovation a permanent foundation of Kuwait’s energy sector and positions the center as a platform for applied research and upstream technology development.
About Halliburton
Halliburton is one of the world's leading providers of products and services to the energy industry. Founded in 1919, we create innovative technologies, products, and services that help our customers maximize their value throughout the life cycle of an asset and advance a sustainable energy future. Visit us at www.halliburton.com; connect with us on LinkedIn, YouTube, Instagram, and Facebook.
Halliburton (HAL - Free Report) came out with quarterly earnings of $0.55 per share, beating the Zacks Consensus Estimate of $0.54 per share. This compares to earnings of $0.55 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of +1.85%. A quarter ago, it was expected that this provider of drilling services to oil and gas operators would post earnings of $0.49 per share when it actually produced earnings of $0.55, delivering a surprise of +12.24%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
Halliburton, which belongs to the Zacks Oil and Gas - Field Services industry, posted revenues of $5.71 billion for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 4.19%. This compares to year-ago revenues of $5.51 billion. The company has topped consensus revenue estimates four times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Halliburton shares have added about 24.2% since the beginning of the year versus the S&P 500's gain of 8.7%.
What's Next for Halliburton?While Halliburton has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Halliburton was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.60 on $5.66 billion in revenues for the coming quarter and $2.36 on $22.25 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Oil and Gas - Field Services is currently in the bottom 36% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Another stock from the same industry, Drilling Tools International Corp. (DTI - Free Report) , has yet to report results for the quarter ended June 2026.
This company is expected to post quarterly loss of $0.04 per share in its upcoming report, which represents a year-over-year change of -100%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
Drilling Tools International Corp.'s revenues are expected to be $38.01 million, down 3.6% from the year-ago quarter.
Halliburton ve 2. čtvrtletí zvýšil čistý zisk na 534 milionů USD z 472 milionů USD ve stejném období loni díky silné poptávce v Latinské Americe, Evropě a Africe.
The company logo of Halliburton oilfield services corporate offices is seen in Houston, Texas April 6, 2012. REUTERS/Richard Carson (UNITED STATES - Tags: BUSINESS LOGO ENERGY) Purchase Licensing Rights, opens new tab
July 21 (Reuters) - Halliburton (HAL.N), opens new tab posted a rise in second-quarter profit on Tuesday, as steady demand for its equipment in Latin America, Europe and Africa offset declining activity in the Middle East due to the Iran war.
The Middle East conflict has dominated energy markets this year as repeated flare-ups keep a crucial oil-producing region on edge, even though crude oil prices have not skyrocketed as feared at the start of the war in February.
The Reuters Power Up newsletter provides everything you need to know about the global energy industry. Sign up here.
Now in its fifth month, the conflict has taken a hit on industry bellwethers SLB (SLB.N), opens new tab, Halliburton and Baker Hughes (BKR.O), opens new tab, which reported the sharpest quarterly decline in Middle East revenue in over a year in the first quarter.
But an increase in activity in regions such as Latin America helped weather weakness in the Middle East.
During the second quarter, Halliburton's total revenue was $5.71 billion, compared with $5.51 billion a year earlier.
The U.S. oilfield services provider said its net income came in at $534 million, or 64 cents per share, for the three months ended June 30, compared with $472 million, or 55 cents per share, a year earlier.
Reporting by Vallari Srivastava in Bengaluru
Our Standards: The Thomson Reuters Trust Principles., opens new tab
Halliburton zveřejní výsledky za 2. čtvrtletí před otevřením trhu v úterý; analytici čekají EPS 54 centů a výnosy 5,5 miliardy USD. Firma zároveň získala velký kontrakt na výstavbu vrtů u projektu GranMorgu v Surinamu.
Halliburton Company (NYSE:HAL) will release its second quarter earnings report before the opening bell on Tuesday, July 21.
Analysts expect the Houston, Texas-based company to report quarterly earnings of 54 cents per share, down from 55 cents per share in the year-ago period. The consensus estimate for Halliburton’s quarterly revenue is $5.5 billion. It reported $5.51 billion last year, according to Benzinga Pro.
On July 13, Halliburton announced it won a major integrated well construction contracts for the GranMorgu deepwater development offshore Suriname.
Shares of Halliburton rose 0.5% to close at $35.22 on Friday.
Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.
Let’s have a look at how Benzinga’s most-accurate analysts have rated the company in the recent period.
Considering buying HAL stock? Here’s what analysts think:
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Halliburton očekává za 2. čtvrtletí zisk 54 centů na akcii při tržbách 5,5 miliardy USD. Rizikem jsou narušení na Blízkém východě, která mohou snížit EPS o 7–9 centů.
Key Takeaways Halliburton is expected to report Q2 EPS of 54 cents on revenues of $5.5 billion.North American completion demand and tighter premium equipment could support segment income.Middle East disruptions may reduce quarterly EPS by 7-9 cents and weigh on profitability. Halliburton Company (HAL - Free Report) is set to release second-quarter results on July 21. The Zacks Consensus Estimate for the to-be-reported quarter is pegged at a profit of 54 cents per share on revenues of $5.5 billion.
Let’s delve into the factors that might have influenced the oilfield service firm’s performance in the June quarter. But it’s worth taking a look at HAL’s previous-quarter performance first.
Highlights of Q1 Earnings & Surprise HistoryIn the last reported quarter, this Houston, TX-based provider of technical products and services to drillers of oil and gas wells beat the consensus mark, reflecting successful cost reduction initiatives. Halliburton reported net income per share of 55 cents, outperforming the Zacks Consensus Estimate of 49 cents. Revenues of $5.4 billion beat the Zacks Consensus Estimate by 2.4%.
HAL beat the Zacks Consensus Estimate thrice in the last four quarters and matched it in the other. This is depicted in the graph below:
Trend in Estimate RevisionThe Zacks Consensus Estimate for the second-quarter bottom line has remained unchanged in the past seven days. The estimated figure indicates a 1.8% decline year over year. The Zacks Consensus Estimate for revenues, meanwhile, suggests a 0.5% decrease from the year-ago period.
Factors to ConsiderNorth American completion activity could have supported Halliburton in the second quarter. Management had pointed out that gaps in the fracturing schedule have largely disappeared, more customers are requesting short-notice work, and premium equipment is becoming tighter. These signs suggest stronger demand for the Completion & Production segment, which provides hydraulic fracturing and related well-completion services. Consequently, the Zacks Consensus Estimate for the company’s second-quarter operating income from the segment is pegged at $479 million, up from $439 million in the first quarter of 2026.
International drilling momentum could have provided another earnings tailwind. Halliburton expects growth outside the Middle East to be led by Latin America, while offshore work in Guyana, Suriname, Brazil and Norway remains active. This is expected to have supported the Drilling & Evaluation segment, which helps customers locate reservoirs, drill wells and assess underground formations. Recent contract wins, automated drilling technology and stronger project-management work could have improved activity levels, partly offset by declining seasonal software sales.
On a bearish note, Middle East disruptions are the main risk to second-quarter earnings and could affect both major segments. Reduced offshore and land activity may have lowered demand for drilling, evaluation, completion tools and pressure-pumping services, while alternative transport routes, fuel inflation and higher material costs could squeeze profitability. Halliburton estimates a 7-9-cent-per-share quarterly impact, assuming some offshore work restarts midway through the period. A slower restart could create additional headwinds, making the timing and pace of regional recovery particularly important.
What Does Our Model Say?The proven Zacks model does not conclusively show that Halliburton is likely to beat estimates in the second quarter of 2026. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of beating estimates. But that’s not the case here.
You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Earnings ESP: HAL has an Earnings ESP of 0.00%. This is because the Most Accurate Estimate and the Zacks Consensus Estimate are pegged at 54 cents per share each.
Zacks Rank: Halliburton currently carries a Zacks Rank #2, which increases the predictive power of ESP. However, the company’s 0.00% ESP makes surprise prediction difficult this earnings season.
Stocks to ConsiderWhile an earnings beat looks uncertain for Halliburton, here are some energy firms that you may want to consider on the basis of our model:
Liberty Energy (LBRT - Free Report) : It has an Earnings ESP of +61.54% and a Zacks Rank #2. Liberty Energy is scheduled to release earnings on July 22.
You can see the complete list of today’s Zacks #1 Rank stocks here.
For 2026, LBRT has a projected earnings growth rate of 80%. Valued at around $4.1 billion, it has gained 116.7% in a year.
HF Sinclair (DINO - Free Report) : It has an Earnings ESP of +11.69% and a Zacks Rank #2. HF Sinclair is scheduled to release earnings on July 28.
For 2026, HF Sinclair has a projected earnings growth rate of 103%. Valued at around $15 billion, DINO has gained 92% in a year.
Patterson-UTI Energy (PTEN - Free Report) : It has an Earnings ESP of +12.50% and a Zacks Rank #2. Patterson-UTI Energy is scheduled to release earnings on July 29.
Patterson-UTI Energy beat the Zacks Consensus Estimate for earnings in three of the last four quarters and missed in the other, with the average being 28%. Valued at around $3.7 billion, PTEN has gone up 63.2% in a year.
Aramco zadala Halliburtonu víceletou zakázku na integrované stimulační a dokončovací služby pro rozvoj nekonvenčního plynu v Saúdské Arábii. Jde o součást širší miliardové smlouvy.
HOUSTON--(BUSINESS WIRE)--Aramco awarded Halliburton (NYSE: HAL) a multi-year contract to deliver integrated stimulation and completion services for unconventional gas development in the Kingdom of Saudi Arabia. This award is part of a broader multi-billion contract, supporting one of the largest unconventional gas development programs globally.
This award builds on Halliburton’s established portfolio supporting Aramco’s unconventional program. Across many of the Kingdom’s unconventional plays, Halliburton delivers a comprehensive suite of drilling and completion solutions. Its integrated service model is designed to support high-intensity development programs and improve operational efficiency, workflow predictability, and execution reliability. This collaboration supports broader regional efforts toward integrated unconventional development programs.
“This award highlights our long-standing collaboration with Aramco and builds on more than 80 years in the Kingdom, while advancing unconventional gas development in the Kingdom,” said Rami Yassine, president, Eastern Hemisphere, Halliburton. “Beginning in the third quarter of 2026, Halliburton will deploy the Kingdom’s first fully integrated intelligent fracturing platform through OCTIV® Auto Frac and Sensori™ fracturing monitoring services to contribute to asset value for one of the world’s largest unconventional fields."
Under the program, Halliburton will deploy intelligent automation solutions for fracturing to optimize performance in real time and support disciplined implementation across multi-well campaigns. These technologies support digital integration across operations while advancing efficiency and operational reliability.
Development activities in the Jafurah Basin are underway. To support this effort, Halliburton plans to increase its investment in local manufacturing, improve its supply chain, and expand workforce development programs within the Kingdom, aiming to scale operations and sustain high performance as unconventional activity accelerates.
ABOUT HALLIBURTON
Halliburton is one of the world’s leading providers of products and services to the energy industry. Founded in 1919, we create innovative technologies, products, and services that help our customers maximize their value throughout the life cycle of an asset and advance a sustainable energy future. Visit us at www.halliburton.com; connect with us on LinkedIn, YouTube, Instagram, and Facebook.
Halliburton získal hlavní integrované zakázky na vrtání a dokončovací práce pro hlubokomořský projekt GranMorgu u pobřeží Surinamu, který provozuje TotalEnergies. Zakázka je součástí dlouhodobého programu.
Halliburton (NYSE: HAL) wins major integrated well construction contracts for the GranMorgu deepwater development offshore Suriname, operated by TotalEnergies. The agreement includes drilling and completions services for a long-term program. Halliburton will deploy a fully integrated, digital and automation execution model that unites planning, engineering, and operations to improve performance, accelerate learning, and reduce total cost of ownership throughout well construction.
“This award reflects the value of integrated execution, collaboration, and digital technology in complex deepwater developments,” said Franco Delano, vice president, Caribbean, Halliburton. “The GranMorgu project demonstrates how aligned teams and advanced well construction capabilities support safe, efficient delivery and maximize asset value for our customers.”
Halliburton will apply integrated digital workflows, real time data and remote operations control for drilling and completions to improve well placement accuracy, and delivery assurance. These capabilities connect surface operations with subsurface execution to enhance recovery while lowering total cost of ownership for TotalEnergies.
The project supports local capability development through major infrastructure investment and collaboration with local suppliers. As part of the project scope, Halliburton worked with local suppliers to upgrade its liquid mud and cement plant. The company also supported the construction of Suriname’s first state-of-the-art completions and drilling workshop, featuring advanced maintenance and repair capabilities.
Halliburton will prioritize local talent acquisition and suppliers to support national economic growth. The project supports the expansion of Suriname’s offshore energy industry and establishes a benchmark through the first global alliance between Halliburton, TotalEnergies, and Noble.
About Halliburton
Halliburton is one of the world’s leading providers of products and services to the energy industry. Founded in 1919, we create innovative technologies, products, and services that help our customers maximize their value throughout the life cycle of an asset and advance a sustainable energy future. Visit us at www.halliburton.com; connect with us on LinkedIn, YouTube, Instagram, and Facebook.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260713936982/en/
Halliburton získal od Basra Oil Company integrovaný kontrakt na rozvoj iráckých polí Bin Umar a Sindbad. Cílem je zvýšit těžbu až na 150 000 barelů denně v Bin Umar a na 100 000 barelů denně v Sindbad.
Key Takeaways Halliburton will manage engineering, drilling, production and reservoir operations under one contract.HAL's project targets up to 150,000 bopd at Bin Umar and 100,000 bopd at Sindbad.Halliburton will deploy advanced technologies to boost efficiency, gas recovery and field performance. Halliburton (HAL - Free Report) has strengthened its footprint in the Middle East after securing an integrated management contract from Iraq’s Basra Oil Company to develop the Bin Umar and Sindbad oil fields. The agreement supports Iraq’s long-term strategy to unlock greater value from its hydrocarbon resources while modernizing field operations through advanced technology and international expertise. The project also reflects the Iraqi government’s commitment to increasing production capacity and improving energy infrastructure across one of the country's most productive oil regions.
Halliburton Expands Its Role in Iraq’s Upstream IndustryThe latest contract highlights Halliburton’s growing importance in Iraq’s upstream oil and gas sector. Rather than providing a single service, the company will oversee an integrated development program that combines engineering, drilling, production optimization, reservoir management and operational planning under one framework.
This model enables faster decision-making, improved coordination between technical teams and greater operational efficiency throughout the life of the project. For Iraq, partnering with an experienced global energy services company helps accelerate development timelines while ensuring projects are executed using internationally recognized standards and modern technologies.
Development Targets for Bin Umar and Sindbad Oil FieldsThe agreement includes ambitious production objectives for both oil fields. Bin Umar is expected to increase crude oil production to 150,000 barrels of oil per day (bopd) over the coming years, while associated gas production is targeted to reach 300 million standard cubic feet per day (MMscf/d).
At the Sindbad oil field, crude output is planned to reach between 80,000 bopd and 100,000 bopd, with associated gas production expected in the range of 240-260 MMscf/d.
These production goals form part of Iraq’s broader strategy to maximize existing field potential while strengthening the country's position as one of the world's leading oil producers.
Integrated Field Management Offers Long-Term Operational BenefitsIntegrated management contracts have become increasingly popular across the global energy industry because they simplify complex field operations. Instead of relying on multiple contractors working independently, a single company coordinates engineering, drilling, production, maintenance, logistics and technical services through a unified management structure.
This approach improves communication between project teams, reduces operational delays and allows faster implementation of technical solutions. It also provides operators with greater visibility across every stage of field development, enabling better resource allocation and more consistent production performance.
For large producing assets such as Bin Umar and Sindbad, integrated management creates opportunities to enhance efficiency while maintaining safe and reliable operations.
Basra Continues to Drive Iraq’s Oil Production GrowthBasra governorate remains the foundation of Iraq’s petroleum industry, accounting for the majority of the country’s crude oil production and exports. Continued investment in fields across the region plays a vital role in supporting government revenues, attracting international partnerships and maintaining export capacity.
Projects that focus on improving mature oil fields are particularly valuable because they increase production without requiring entirely new discoveries. By optimizing existing assets, Iraq can generate stronger returns from proven reserves while making better use of existing infrastructure.
The partnership reinforces Basra’s position as the center of Iraq’s energy sector and demonstrates continued confidence in the region’s long-term production potential.
Associated Gas Development Supports Iraq’s Energy SecurityBeyond crude oil, the project places significant emphasis on recovering associated natural gas that is produced alongside oil. Increasing gas capture has become a national priority as Iraq works to reduce flaring and expand domestic energy supplies.
Higher gas production can provide additional fuel for electricity generation, support industrial development and reduce dependence on imported energy resources. Capturing more associated gas also improves overall resource efficiency by ensuring valuable hydrocarbons are utilized instead of being wasted.
As demand for cleaner and more reliable energy continues to grow, investments in gas infrastructure will play an increasingly important role in Iraq’s broader energy strategy.
Advanced Technology Will Enhance Field PerformanceHouston-based oil and gas equipment and services company brings decades of experience in deploying advanced technologies across complex oil and gas developments worldwide. Digital reservoir analysis, intelligent drilling systems, production monitoring, well optimization and data-driven decision-making have become essential tools for maximizing field performance.
These technologies help operators identify production opportunities more quickly, improve recovery rates, minimize downtime and optimize long-term asset management. The integration of digital solutions also enables continuous monitoring, allowing technical teams to respond rapidly to changing reservoir conditions and operational requirements.
Applying these capabilities to the Bin Umar and Sindbad developments is expected to improve efficiency while supporting sustainable production growth throughout the project lifecycle.
Economic Benefits Extend Beyond Oil ProductionThe agreement is expected to generate broader economic value by encouraging investment, supporting local supply chains and creating opportunities for workforce development. Large-scale energy projects typically require collaboration with domestic contractors, equipment suppliers, logistics providers and technical specialists, contributing to wider economic activity across the region.
Knowledge transfer from international service companies also helps strengthen local technical expertise, providing long-term benefits for Iraq’s energy workforce. As operational capabilities continue to improve, future upstream projects can benefit from enhanced skills, stronger infrastructure and greater project management experience.
These indirect benefits make integrated development agreements valuable not only for production growth but also for supporting the long-term development of Iraq’s energy sector.
Positive Outlook for Halliburton and Iraq’s Energy FutureHalliburton’s integrated management contract for the Bin Umar and Sindbad oil fields represents another significant milestone in Iraq’s efforts to expand oil and gas production through international collaboration. By combining advanced technology, operational expertise and comprehensive field management, the partnership supports the country's objective of maximizing existing resources while improving efficiency across critical upstream assets.
As development progresses, the project is expected to strengthen Iraq’s production capacity, enhance domestic energy security through greater gas utilization and reinforce Halliburton’s position as a trusted partner in delivering large-scale energy projects across the Middle East. With sustained investment and effective execution, the agreement has the potential to contribute meaningfully to Iraq’s long-term economic growth and the continued evolution of its oil and gas industry.
HAL's Zacks Rank & Key PicksCurrently, HAL has a Zacks Rank #3 (Hold).
Investors interested in the energy sector might look at some better-ranked stocks like ARKO Petroleum Corp. (APC - Free Report) ,Paramount Resources (PRMRF - Free Report) ,and Cenovus Energy (CVE - Free Report) , each sporting a Zacks Rank #1 (Strong Buy) at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
ARKO Petroleum is valued at $236.45 million. It is a small-cap fuel distribution company that distributes motor fuel through wholesale, fleet fueling and fuel supply operations, serving customers across more than 30 U.S. states. ARKO Petroleum stock has delivered an approximately 10.2% return over the past year.
Paramount Resources is valued at $2.83 billion. It is a Canadian energy company focused on the exploration, development and production of natural gas, crude oil and natural gas liquids. Paramount Resources stock has delivered 28.9% total return over the past year.
Cenovus Energy is valued at $45.32 billion. It is a Canadian integrated energy company engaged in the production of crude oil and natural gas, as well as refining, upgrading and marketing petroleum products, operating across Canada, the United States and the Asia-Pacific region. Cenovus Energy stock has delivered a 72.6% total return over the past year.
Halliburton spolupracuje se společností Shape Digital na propojení DFS s AI platformami pro správu aktiv. Cílem je lepší plánování produkce, vyšší spolehlivost zařízení a bezpečnost.
Key Takeaways HAL partnered with Shape Digital to integrate Digital Field Solver with AI platforms for asset management.HAL's integrated platform connects reservoir, production, equipment and operational data in real time.Halliburton says the solution supports production planning, energy efficiency, safety and reliability. Halliburton (HAL - Free Report) has entered into a strategic collaboration with Shape Digital, a technology company spun out of MODEC, to accelerate the next generation of digital asset performance management, according to Offshore Energy. By combining advanced subsurface intelligence with surface operational data, the partnership aims to provide energy operators with a unified view of their assets, enabling smarter production planning, stronger operational efficiency, enhanced equipment reliability and improved safety throughout the entire asset lifecycle.
The collaboration brings together Halliburton Landmark's Digital Field Solver (“DFS”) with Shape Digital's artificial intelligence portfolio, including Lighthouse, Aura and Reef. This integrated approach allows operators to move beyond isolated decision-making by connecting reservoir models, production systems, equipment health and operational performance into a single intelligent platform.
Unified Digital Ecosystem for Better Production DecisionsModern energy production requires continuous coordination between reservoirs, wells, processing facilities, production networks and critical equipment. Traditionally, these systems have often been managed separately, creating information gaps that can delay decision-making and reduce operational efficiency.
Through this partnership, Halliburton and Shape Digital are addressing these challenges by creating a unified digital ecosystem that integrates both subsurface and surface intelligence. The combined solution allows production teams to evaluate reservoir behavior alongside equipment performance, facility constraints and operational conditions in real time.
This comprehensive visibility enables organizations to make informed decisions faster while maintaining alignment between production targets and operational capabilities.
HAL’s Landmark DFS Strengthens Production OptimizationAt the center of the collaboration is HAL's DFS, a decision support platform designed to integrate reservoir simulations, well performance analysis and production network optimization.
DFS creates a dynamic representation of the complete production environment, allowing engineers and operators to evaluate how changes in one part of the system affect the entire asset. Rather than focusing solely on reservoir output or equipment status, DFS provides a holistic understanding of production performance.
When combined with Shape Digital's AI-powered operational intelligence, the platform becomes even more powerful by incorporating live operational data into production planning.
AI Enhances Equipment Reliability and Operational VisibilityShape Digital contributes advanced artificial intelligence (“AI”) capabilities through its Lighthouse, Aura and Reef platforms. These solutions continuously analyze both historical and real-time equipment data to identify performance trends, predict potential failures and detect operational anomalies before they develop into larger issues.
The AI systems evaluate equipment behavior while Halliburton's production models provide the broader operational context needed to understand how equipment conditions influence flow rates, production constraints and overall field performance.
This integration enables maintenance teams and production engineers to proactively manage operations instead of reacting to unexpected equipment failures.
Integrated Production Planning Improves Operational EfficiencyOne of the primary advantages of the collaboration is its ability to improve integrated production planning.
Reservoir conditions, well performance, facility limitations and equipment reliability constantly evolve throughout the production lifecycle. Managing these variables independently often leads to inconsistent production strategies and operational inefficiencies.
By combining engineering models with operational intelligence, Halliburton and Shape Digital provide a connected view that helps operators evaluate changing conditions across the entire production system. This integrated planning process supports more accurate production forecasts while ensuring operational decisions remain aligned with current asset performance.
The result is greater production consistency and improved resource utilization across upstream operations.
Balancing Energy Efficiency With Production TargetsEnergy efficiency has become an increasingly important objective for oil and gas operators seeking to reduce operating costs while lowering emissions.
The integrated platform enables organizations to evaluate production objectives alongside energy consumption, allowing engineers to identify opportunities for improved efficiency without sacrificing output.
Instead of treating energy management as an isolated initiative, operators can optimize both production performance and energy utilization simultaneously through data-driven decision-making.
This capability supports long-term sustainability objectives while maintaining operational profitability.
Strengthening Safety and Asset Integrity Across Production FacilitiesSafety remains one of the most critical priorities in oil and gas operations. The combined technology platform helps improve safety by providing continuous visibility into equipment condition, operational risks and production system performance.
AI continuously monitors operational behavior, identifying early indicators of equipment degradation or abnormal operating conditions. When integrated with Halliburton's production models, these insights help operators understand how technical issues may impact the wider production system.
This proactive approach allows organizations to address potential risks before they escalate, supporting stronger asset integrity and reducing operational disruptions.
Real-Time Operational Intelligence Supports Faster Decision-MakingProduction environments are constantly changing due to fluctuating reservoir conditions, equipment performance, market demands and operational constraints.
Halliburton and Shape Digital's integrated solution enables continuous monitoring of these variables, allowing production teams to respond rapidly to changing operating conditions.
Rather than relying solely on scheduled reporting or historical analysis, operators gain access to real-time intelligence that supports faster, more consistent operational decisions.
This increased responsiveness improves production stability while minimizing downtime and operational uncertainty.
MODEC Expands Its Digital Transformation StrategyAs the parent organization behind Shape Digital, MODEC continues to invest heavily in digital innovation across its global operations.
The company has developed decades of expertise in floating production, storage and offloading engineering, procurement, construction, installation, leasing and operations. Shape Digital serves as the vehicle for extending that operational knowledge into the broader energy industry through advanced digital technologies.
Its growing portfolio includes predictive maintenance systems, AI-enabled digital twins, greenhouse gas reduction technologies and digital barrier management solutions designed to improve operational efficiency and safety.
MODEC also continues expanding its internal Digital & Analytics capabilities, transforming operational data into actionable intelligence that supports safer, more reliable and cost-effective production.
Digital Asset Performance Management: A Competitive AdvantageAs oil and gas assets become increasingly interconnected, operators require solutions capable of integrating engineering expertise, operational intelligence and artificial intelligence into one comprehensive decision framework.
The collaboration between HAL and Shape Digital reflects a broader industry shift toward intelligent production systems where every operational decision is supported by real-time data, predictive analytics and system-wide visibility.
Rather than managing reservoirs, wells, facilities and equipment independently, operators can now evaluate the complete production environment as a connected asset. This unified perspective enables more accurate forecasting, earlier identification of production constraints, stronger maintenance planning, enhanced operational resilience and improved business performance.
ConclusionThe partnership enhances digital asset performance management by combining Halliburton Landmark's DFS with Shape Digital's AI-driven operational intelligence. This integrated platform improves production planning, equipment reliability, energy efficiency, safety and operational decision-making, helping energy operators maximize asset performance while supporting long-term efficiency and reliability.
HAL's Zacks Rank & Key PicksCurrently, HAL has a Zacks Rank #3 (Hold).
Investors interested in the energy sector might look at some better-ranked stocks like Delek US Holdings (DK - Free Report) and Crescent Energy Company (CRGY - Free Report) , each sporting a Zacks Rank #1 (Strong Buy) and Phillips 66 (PSX - Free Report) , carrying a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
Delek US is valued at $2.93 billion. It is a U.S.-based downstream energy company that focuses on refining crude oil and distributing petroleum products. Headquartered in Brentwood, TN, Delek US operates through two main segments: refining and logistics.
Crescent Energy is valued at $3.34 billion. It is an independent U.S. energy company engaged in the acquisition, exploration, development and production of crude oil, natural gas, and natural gas liquids. Crescent Energy operates primarily in the Eagle Ford, Permian and Uinta basins.
Phillips 66 is valued at $68.82 billion. It is a diversified energy company that refines crude oil, markets petroleum products, and operates midstream, chemicals, and renewable fuels businesses. Phillips 66 operates across the United States and internationally.
