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Ve středeční seanci americké indexy otevírají v červených úrovních, když hlavní příčinou poklesu je eskalující konflikt mezi USA a Iránem, včetně uzavřeného Hormůzského průlivu. K dalšímu bombardování ze strany Iránu došlo poté, co USA zaútočily a zničily pět íránských ropných tankerů, čímž zintenzivnily konflikt s Teheránem, který se táhne již šest měsíců. Vzhledem k tomu, že si obě strany vyměňují další útoky, naděje na brzké vyřešení bojů se vytratily. Během návštěvy Kolumbie americký ministr zahraničí Marco Rubio naznačil, že odvetné útoky pravděpodobně brzy neustanou, a varoval Írán, že „ztratí tankery“, když se pokusí „zasáhnout americké válečné lodě“. Investory a celý svět tak nyní trápí nárůst cen ropy, který oživil obavy, že vyšší náklady na energie by mohly udržet inflaci na vysoké úrovni a přesvědčit centrální banky k zpřísnění politiky. Výnosy amerických státních dluhopisů se v této souvislosti zvýšily. Referenční výnos 10letých amerických státních dluhopisů se v úterý krátce dostal nad 4,8 %, což je blízko nejvyšší úrovně od listopadu 2023, což zvýšilo relativní atraktivitu dluhopisů a zvýšilo náklady na půjčky pro firmy a spotřebitele. Trhy a investoři se nyní zaměřují na údaje o inflaci v USA, které mají být zveřejněny koncem tohoto týdne, přičemž se očekává, že index spotřebitelských cen v pátek poskytne nové vodítka o směru politiky Fedu. Podle názoru analytiků rostou sázky na zvýšení úrokových sazeb ze strany FEDu v příštím týdnu a to v souvislosti s obnovenými obavami z inflace. Podle CME FedWatch trhy odhadovaly pravděpodobnost nárůstu o čtvrtinu bazického bodu zhruba na 60 %, oproti zhruba 40 % před týdnem.
V centru dění je dnes ropa a proražení ceny Brentu nad 100 USD/barel je pro trhy významným psychologickým milníkem, ale větší obavou je, co to znamená pro inflaci. Dlouhodobý ropný šok by mohl udržet vysoký cenový tlak a zkomplikovat cestu centrálním bankám, které se již tak potýkají s obtížným politickým prostředím. Dnes byly také reportovány od EIA surové zásoby ropy ke dni 2.9., které klesly o 4,5 mil. barelů, když trh očekával menší pokles o 2,5 mil. barelů. Lehká ropa WTI v reakci na situaci roste o 3,1% a dostává se k úrovni 95,8 USD/barel. tato situace je příznivě nakloněna akciím v těžebním sektoru černého zlata a tak akcie těžaře APA ( APA ) dnes posilují o 1,9% a také akcie těžebního obra Exxon Mobil ( XOM ) se posunují výše na tržní ceně o cca 2%. V kladných úrovních se drží také akcie britské skupiny BP ( BP ), jež rostou o 1,6% a také akcie brazilského těžaře Petrobrasu ( PBR ) obchodují výš o cca 1,5%. a ještě lépe jsou na tom akcie Occidentalu Petroleum ( OXY ) se ziskem cca 2,5% a daří se také akciím Shellu ( SHEL ), které přidávají cca 1%. Za zmínku stojí také akcie amerického výrobce a dodavatele těžního zařízení Halliburtonu ( HAL ), které přidávají na tržní ceně více než 2% a také akcie francouzského konkurenta Schlumbergeru ( SLB ) přidávají na tržní ceně více než 3,5%.
Poměrně slušně dnes za přispění geopolitického rizika a oslabujícího dolaru profituje žlutý kov, který přidává cca 0,5% a dostává se k úrovni 4 460 USD/Troy. unci. Tato situace hraje do karet akciím v těžebním sektoru zlata a tak akcie největšího kanadského těžaře posilují na tržní ceně o cca 1,5% a také akcie jeho amerického konkurenta Newmontu ( NEM ) jsou na tom podobně se ziskem necelých 1,5%. Za pozornost stojí také akcie známého těžaře Eldorado Gold ( EGO ), které posilují na tržní ceně o cca 2,9%.
Z indexu S&P 500 zaznamenávají největší pokles akcie amerického řetězce obchodů se smíšeným zbožím Casey's General Stores který reportoval výsledky hospodaření za první kvartál fiskálního roku 2027, jeho porovnatelné tržby zaostaly za očekáváním. Akcie Casey's General Stores ( CASY ) se ocitají pod tlakem investorů a ztrácí -16%.
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Luboš Bedrník
Fio banka, a.s.
Prohlášení
Halliburton (NYSE:HAL – Get Free Report) and SEACOR Marine (NYSE:SMHI – Get Free Report) are both energy companies, but which is the superior stock? We will contrast the two businesses based on the strength of their institutional ownership, valuation, analyst recommendations, earnings, profitability, risk and dividends.
Analyst Recommendations This is a summary of recent ratings and target prices for Halliburton and SEACOR Marine, as reported by MarketBeat.com.
Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score Halliburton 1 6 18 0 2.68 SEACOR Marine 1 1 1 0 2.00 Halliburton presently has a consensus price target of $43.10, indicating a potential upside of 16.32%. SEACOR Marine has a consensus price target of $10.00, indicating a potential upside of 2.56%. Given Halliburton’s stronger consensus rating and higher possible upside, equities research analysts plainly believe Halliburton is more favorable than SEACOR Marine.
Volatility & Risk Halliburton has a beta of 0.76, meaning that its stock price is 24% less volatile than the S&P 500. Comparatively, SEACOR Marine has a beta of 1.08, meaning that its stock price is 8% more volatile than the S&P 500. Profitability This table compares Halliburton and SEACOR Marine’s net margins, return on equity and return on assets.
Net Margins Return on Equity Return on Assets Halliburton 7.16% 18.71% 7.89% SEACOR Marine -8.62% -8.72% -3.46% Earnings & Valuation This table compares Halliburton and SEACOR Marine”s top-line revenue, earnings per share (EPS) and valuation.
Gross Revenue Price/Sales Ratio Net Income Earnings Per Share Price/Earnings Ratio Halliburton $22.18 billion 1.39 $1.28 billion $1.91 19.40 SEACOR Marine $227.83 million 1.16 -$27.84 million ($0.71) -13.73 Halliburton has higher revenue and earnings than SEACOR Marine. SEACOR Marine is trading at a lower price-to-earnings ratio than Halliburton, indicating that it is currently the more affordable of the two stocks.
Insider & Institutional Ownership 85.2% of Halliburton shares are held by institutional investors. Comparatively, 59.1% of SEACOR Marine shares are held by institutional investors. 0.6% of Halliburton shares are held by company insiders. Comparatively, 16.8% of SEACOR Marine shares are held by company insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a stock will outperform the market over the long term.
Summary Halliburton beats SEACOR Marine on 12 of the 14 factors compared between the two stocks.
About Halliburton (Get Free Report)
Halliburton Company provides products and services to the energy industry worldwide. It operates through 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; and 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. This segment also provides electrical submersible pumps, as well as artificial lift services; production solutions comprising coiled tubing, hydraulic workover units, downhole tools, and pumping and nitrogen services; pipeline and process services, such as pre-commissioning, commissioning, maintenance, and decommissioning; and specialty chemicals and services. The Drilling and Evaluation segment offers drilling fluid systems, performance additives, completion fluids, solids control, specialized testing equipment, and waste management 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 equipment and services. This segment also provides cloud based digital services and artificial intelligence solutions on an open architecture for subsurface insights, integrated well construction, and reservoir and production management; testing and subsea services, such as acquisition and analysis of reservoir information and optimization solutions; and project management and integrated asset management services. Halliburton Company was founded in 1919 and is based in Houston, Texas.
About SEACOR Marine (Get Free Report)
SEACOR Marine Holdings Inc. provides marine and support transportation services to offshore oil, natural gas, and windfarm facilities worldwide. Its offshore support and specialty vessels deliver cargo and personnel to offshore installations, including offshore wind farms; handle anchors and mooring equipment for offshore rigs and platforms; assist offshore operations for production and storage facilities; provide construction, well work-over, and offshore wind farm installation and decommissioning support; and carry and launch equipment used underwater in drilling and well installation, maintenance, inspection, and repair, as well as offer accommodations for technicians and specialists, safety support, and emergency response services. As of December 31, 2023, the company operated a fleet of 58 support vessels, of which 55 were owned or leased-in, and three were managed on behalf of unaffiliated third parties. It serves integrated national and international oil companies, independent oil and natural gas exploration and production companies, and oil field service and construction companies, as well as offshore wind farm operators and offshore wind farm installation and maintenance companies. SEACOR Marine Holdings Inc. was founded in 1989 and is headquartered in Houston, Texas.
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In the latest close session, Halliburton (HAL - Free Report) was up +2.26% at $37.63. This change outpaced the S&P 500's 0.46% gain on the day. Elsewhere, the Dow saw an upswing of 0.56%, while the tech-heavy Nasdaq appreciated by 0.45%.
Prior to today's trading, shares of the provider of drilling services to oil and gas operators had gained 13.72% outpaced the Oils-Energy sector's loss of 0% and the S&P 500's gain of 2%.
The upcoming earnings release of Halliburton will be of great interest to investors. The company's earnings per share (EPS) are projected to be $0.58, reflecting no change from the same quarter last year. Our most recent consensus estimate is calling for quarterly revenue of $5.59 billion, down 0.13% from the year-ago period.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $2.34 per share and a revenue of $22.39 billion, signifying shifts of -3.31% and +0.94%, respectively, from the last year.
Investors should also note any recent changes to analyst estimates for Halliburton. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 0.09% lower. Halliburton is currently sporting a Zacks Rank of #3 (Hold).
Investors should also note Halliburton's current valuation metrics, including its Forward P/E ratio of 15.71. This denotes a discount relative to the industry average Forward P/E of 24.44.
We can also see that HAL currently has a PEG ratio of 2.12. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. Oil and Gas - Field Services stocks are, on average, holding a PEG ratio of 2.12 based on yesterday's closing prices.
The Oil and Gas - Field Services industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 157, putting it in the bottom 37% of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
Iran and Venezuela just handed energy investors two completely opposite catalysts at the same time, and Chevron, Exxon, and Halliburton are reacting in real time as traders try to figure out which story actually matters for their portfolios.
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Energy stocks led the market higher Monday morning as two major oil catalysts hit at once. CNBC’s Dominic Chu framed the setup on the network’s opening segment on Monday: “Oil prices did jump by about 3% on the resumption of those attacks, and that sent energy stocks higher.”
He added that “Chevron, Exxon Mobil, Halliburton, and Occidental Petroleum all in the green this morning after getting another boost on Friday, when President Trump said the U.S. had a deal with Venezuela to control more than 65 billion barrels of its oil reserves.” The Venezuela announcement won’t impact today’s supply, but it adds a long-horizon reserves story.
The U.S. and Iran traded strikes over the weekend, the first time in more than a month, which adds a supply-risk premium to energy prices.
Iran Strikes Send Oil Prices Up 3% Chevron (NYSE:CVX | CVX Price Prediction) opened higher, trading at $208.18 Tuesday morning, up 1.00% on the session and 36.13% year-to-date. On the Q2 call, CEO Mike Wirth flagged the region directly, saying “the impact from the Middle East conflict remained isolated to the partition zone representing about 1% of second quarter total production.” Chevron still delivered $12.1 billion in earnings, or $6.11 per share, and cut debt by more than $8 billion in the quarter.
Exxon Mobil (NYSE:XOM) trades at $162.91 on Tuesday, up 1.20% intraday. Exxon’s Q1 report disclosed $706 million in losses tied to Middle East supply disruptions, and CEO Darren Woods said: “Events in the Middle East tested that strength with the safety of our people remaining our top priority.”
Halliburton (NYSE:HAL) added 1.53% to $36.74, extending a 16% one-month rally. Middle East and Asia revenue was down 2% sequentially in Q2 on activity disruptions in Kuwait, Iraq, and Qatar.
Occidental Petroleum (NYSE:OXY) rose 0.76% to $59.55. CEO Richard Jackson said on the Q2 call that Occidental “fully offset the disruptions of our production in the Middle East” through Permian and Gulf of America volumes.
Trump’s 65 Billion-Barrel Venezuela Deal Is a Very Different Catalyst President Trump announced Friday that the U.S. had a deal with Venezuela to control more than 65 billion barrels of its oil reserves. Chevron is the most direct beneficiary given its three producing joint ventures with PDVSA.
Chevron CEO Mike Wirth told analysts Chevron has grown production from those three JVs “from 40,000 to 250,000” barrels per day and that “we’re in negotiations right now to try to improve the fiscal terms and enable more investment in Venezuela.” CFO Eimear Bonner said on debt recovery, “we expect that by early 2027, that will be fully recovered.”
The reserves headline is a long-horizon story: Venezuelan infrastructure has been degraded by years of sanctions and disinvestment, and heavy and extra-heavy crude requires specialized handling that takes time to rebuild. Retail investors have zeroed in on that gap. Reddit’s most-discussed Chevron thread over the weekend was titled “Trump announced a deal for 65 billion barrels of Venezuelan oil. How much of that is actually investable?” with sentiment scores clustering in a neutral 49 to 58 range.
Key Takeaways Iran and Venezuela are giving energy investors two very different catalysts. Renewed Middle East fighting can move oil prices immediately, while Venezuela’s 65 billion barrels could take years to translate into meaningful production.
Contact [email protected] for any questions or corrections.
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.
HOUSTON--(BUSINESS WIRE)--Halliburton (NYSE: HAL) today announced it received an integrated contract by bp for the first appraisal campaign in the Bumerangue field, offshore deepwater Brazil. The award includes a comprehensive suite of services to fast-track the appraisal campaign for bp's discovery. The contract includes an integrated package of drilling services to optimize reservoir evaluation and improve operational efficiency. The scope draws on Halliburton's drilling and evaluation portfo.
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.
In the latest trading session, Halliburton (HAL - Free Report) closed at $34.44, marking a +1.89% move from the previous day. The stock's change was more than the S&P 500's daily loss of 0.02%. At the same time, the Dow lost 0.21%, and the tech-heavy Nasdaq lost 0.08%.
Coming into today, shares of the provider of drilling services to oil and gas operators had gained 8.23% in the past month. In that same time, the Oils-Energy sector gained 1.07%, while the S&P 500 gained 3.67%.
The investment community will be closely monitoring the performance of Halliburton in its forthcoming earnings report. The company is predicted to post an EPS of $0.58, indicating constancy compared to the equivalent quarter last year. Meanwhile, our latest consensus estimate is calling for revenue of $5.59 billion, down 0.13% from the prior-year quarter.
For the full year, the Zacks Consensus Estimates are projecting earnings of $2.34 per share and revenue of $22.39 billion, which would represent changes of -3.31% and +0.94%, respectively, from the prior year.
Investors should also take note of any recent adjustments to analyst estimates for Halliburton. Recent revisions tend to reflect the latest near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 0.3% lower. Halliburton presently features a Zacks Rank of #3 (Hold).
Digging into valuation, Halliburton currently has a Forward P/E ratio of 14.43. This represents a discount compared to its industry average Forward P/E of 23.61.
We can also see that HAL currently has a PEG ratio of 2.12. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. As the market closed yesterday, the Oil and Gas - Field Services industry was having an average PEG ratio of 1.92.
The Oil and Gas - Field Services industry is part of the Oils-Energy sector. With its current Zacks Industry Rank of 153, this industry ranks in the bottom 38% of all industries, numbering over 250.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
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.
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HOUSTON--(BUSINESS WIRE)--Halliburton Company (NYSE: HAL) announced today that its board of directors has declared a 2026 third quarter dividend of seventeen cents ($0.17) a share on the Company's common stock payable on September 23, 2026, to shareholders of record at the close of business on September 2, 2026. 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.
Bank of New York Mellon Corp purchased a new position in shares of Halliburton Company (NYSE:HAL – Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 9,940,689 shares of the oilfield services company’s stock, valued at approximately $337,486,000. Bank of New York Mellon Corp owned approximately 1.19% of Halliburton as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also made changes to their positions in HAL. Matrix Trust Co acquired a new stake in Halliburton in the 2nd quarter worth about $29,000. Zions Bancorporation National Association UT increased its stake in shares of Halliburton by 196.4% during the 4th quarter. Zions Bancorporation National Association UT now owns 981 shares of the oilfield services company’s stock valued at $28,000 after acquiring an additional 650 shares during the last quarter. Kelleher Financial Advisors purchased a new stake in shares of Halliburton during the 3rd quarter valued at $25,000. Hoey Investments Inc. acquired a new stake in Halliburton during the 1st quarter worth approximately $39,000. Finally, Vestor Capital LLC purchased a new stake in shares of Halliburton during the 1st quarter valued at about $41,000. Institutional investors and hedge funds own 85.23% of the company’s stock.
Insider Activity In related news, COO Jeffrey Shannon Slocum sold 52,572 shares of the business’s stock in a transaction on Wednesday, August 19th. The shares were sold at an average price of $35.09, for a total transaction of $1,844,751.48. Following the transaction, the chief operating officer directly owned 118,730 shares in the company, valued at approximately $4,166,235.70. The trade was a 30.69% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Eric Carre sold 24,778 shares of the company’s stock in a transaction on Thursday, June 18th. The shares were sold at an average price of $35.89, for a total transaction of $889,282.42. Following the completion of the transaction, the chief financial officer owned 148,520 shares in the company, valued at approximately $5,330,382.80. This represents a 14.30% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.57% of the company’s stock.
Halliburton Stock Down 0.9% NYSE HAL opened at $35.38 on Friday. The stock has a market cap of $29.48 billion, a PE ratio of 18.52, a PEG ratio of 2.23 and a beta of 0.73. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.50 and a current ratio of 2.02. The firm has a 50-day simple moving average of $33.95 and a 200 day simple moving average of $36.50. Halliburton Company has a twelve month low of $21.40 and a twelve month high of $43.59. Halliburton (NYSE:HAL – Get Free Report) last released its quarterly earnings data on Tuesday, July 21st. The oilfield services company reported $0.55 EPS for the quarter, topping analysts’ consensus estimates of $0.54 by $0.01. Halliburton had a net margin of 7.16% and a return on equity of 18.71%. The company had revenue of $5.71 billion during the quarter, compared to the consensus estimate of $5.50 billion. During the same period last year, the firm earned $0.55 EPS. The firm’s revenue for the quarter was up 3.7% compared to the same quarter last year. On average, research analysts forecast that Halliburton Company will post 2.34 EPS for the current year.
Key Stories Impacting Halliburton Here are the key news stories impacting Halliburton this week:
Positive Sentiment: Halliburton Labs added Electroflow, Osmoses and SiTration to its portfolio. The companies focus on battery materials, gas separation and critical-metal recovery, giving Halliburton exposure to emerging energy technologies and potentially supporting longer-term diversification beyond traditional oilfield services. Halliburton Labs Announces Three New Portfolio Companies Positive Sentiment: Halliburton’s latest quarterly results showed modest operational strength: earnings per share exceeded estimates, revenue reached $5.71 billion versus a $5.50 billion consensus, and sales increased 3.7% year over year. Analysts remain broadly constructive, with a consensus “Moderate Buy” rating and an average price target of $43.10, well above recent trading levels. Q2 Rundown: Halliburton Vs Other Oilfield Services Stocks Neutral Sentiment: Recent options-market activity has drawn attention to the possibility of a larger move in HAL, but the available report does not establish whether traders are positioned for a rise or decline. The activity mainly signals increased volatility expectations. Are Options Traders Betting on a Big Move in Halliburton Stock? Negative Sentiment: COO Jeffrey Shannon Slocum sold 52,572 shares worth approximately $1.84 million, reducing his direct ownership by 30.69%. The transaction was made under a pre-arranged Rule 10b5-1 plan, which makes it a weaker bearish signal, but the size of the sale may still weigh on sentiment. Negative Sentiment: Although Halliburton beat quarterly estimates, EPS was unchanged from the year-earlier period, and analysts have recently lowered several price targets. That combination suggests expectations for near-term oilfield-services growth remain restrained despite the company’s longer-term opportunities. Analysts Set New Price Targets Several research firms have recently commented on HAL. UBS Group reduced their target price on Halliburton from $40.00 to $39.00 and set a “neutral” rating for the company in a research note on Monday, July 27th. Freedom Capital raised shares of Halliburton from a “strong sell” rating to a “hold” rating in a report on Wednesday, July 22nd. Wolfe Research assumed coverage on shares of Halliburton in a research note on Wednesday, July 8th. They issued a “peer perform” rating on the stock. Evercore reaffirmed an “outperform” rating and issued a $43.00 price objective on shares of Halliburton in a report on Wednesday, July 22nd. Finally, Barclays decreased their price objective on Halliburton from $55.00 to $53.00 and set an “overweight” rating for the company in a report on Wednesday, July 22nd. Eighteen equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Halliburton presently has a consensus rating of “Moderate Buy” and an average price target of $43.10.
View Our Latest Stock Analysis on HAL
About Halliburton (Free Report)
Halliburton is one of the world’s largest providers of products and services to the energy industry, offering a broad portfolio that supports the lifecycle of oil and gas reservoirs from exploration and drilling through production and abandonment. Founded in 1919 by Erle P. Halliburton as an oil-well cementing company, the firm is headquartered in Houston, Texas and has developed into an integrated oilfield services company serving upstream operators globally.
The company’s activities encompass drilling and evaluation, well construction and completion, production enhancement and well intervention.
See Also Five stocks we like better than Halliburton Blueprint for a Boom: SEC Clears the Crypto Runway Ross Stores Just Flipped the Off-Price Retail Story After TJX’s Marmaxx Miss Advance Auto Parts Plunged, But Its Turnaround Is Still Working Is Palo Alto Networks Priced for Perfection Again as AI Security Demand Accelerates? Want to see what other hedge funds are holding HAL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Halliburton Company (NYSE:HAL – Free Report).
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Key Takeaways Halliburton adds three innovators focused on batteries, industrial gases and critical-material recovery.Electroflow combines lithium extraction and LFP production to strengthen North America's battery supply chain.SiTration recovers copper and other metals from mining waste through electricity-powered process. Halliburton Labs, a wholly owned subsidiary of Halliburton Company (HAL - Free Report) , has added three early-stage technology companies — Electroflow, Osmoses and SiTration — to its collaborative ecosystem, expanding its efforts to support technologies addressing battery materials, resource recovery and industrial gas separation.
The three companies are developing solutions to material and processing challenges that could influence the future of energy and industrial production. Through Halliburton Labs, they will gain access to industry expertise, facilities and a global network of industrial and investment partners aimed at helping hard-technology ventures move toward commercial scale.
Electroflow Targets a Stronger Battery Supply ChainElectroflow is focused on strengthening domestic battery supply chains by producing lithium iron phosphate (LFP) cathode material directly from lithium brines. LFP is widely used in electric vehicles, grid-scale energy storage and industrial electrification because of its affordability, safety and durability.
Its proprietary technology combines lithium extraction and cathode-material production into a three-step process. The platform is designed to make use of lower-concentration brine resources, support scalable domestic manufacturing and reinforce North America's battery supply chain.
If successfully scaled, this approach could simplify parts of the battery-material production chain while creating additional opportunities to develop domestic lithium resources.
Osmoses Looks to Cut Energy Use in Gas SeparationOsmoses tackles another major industrial challenge: gas separation. The process is important for producing fuels, chemicals and other industrial products but consumes a meaningful amount of energy globally.
The company's membrane platform is designed to reduce the energy consumption, costs and emissions associated with gas-separation processes. Its technology can be used across applications involving renewable natural gas, hydrogen, helium and other industrial gases.
Greater efficiency in gas separation could become increasingly important as industries seek to lower operating costs while improving the environmental performance of energy-intensive processes.
SiTration Focuses on Recovering Metals From Mining WasteSiTration is developing technology to recover critical metals directly from mining waste streams. Its patented electro-extraction and filtration system can produce market-grade copper through a single-step, electricity-powered process.
The opportunity could be significant. Halliburton Labs notes that mining waste globally contains an estimated $500 billion worth of copper. SiTration's platform is intended to provide a faster and lower-cost route to recovering those resources compared with developing new mines.
The technology is not limited to copper. It can also recover precious metals and produce rare-earth concentrates from different mining streams. SiTration has already demonstrated its technology in pilot projects with Tier 1 mining companies across multiple continents.
Halliburton Labs Pushes Industrial Innovation Toward ScaleThe addition of Electroflow, Osmoses and SiTration reinforces Halliburton Labs' broader strategy of helping entrepreneurs turn practical energy and industrial technologies into commercially scalable businesses.
Rather than focusing on a single area, the latest additions span batteries, industrial gases and critical materials — three fields where improving efficiency, supply availability and processing economics could have wide-ranging implications.
Halliburton Labs aims to provide these companies with the expertise, infrastructure and industry relationships needed to scale their technologies and bring them to market.
For Halliburton, the new portfolio companies broaden its exposure to technologies that could help reshape how essential materials are produced, separated and recovered as the energy and industrial sectors continue to evolve.
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 Delek US Holdings, Inc. (DK - Free Report) , 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.
Brentwood, TN-based Delek US Holdings is an independent refiner, transporter and marketer of petroleum products. The Zacks Consensus Estimate for DK’s 2026 earnings indicates 53% year-over-year growth.
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.
HOUSTON--(BUSINESS WIRE)--Halliburton Labs today announced the addition of three companies to its collaborative ecosystem: Electroflow, Osmoses, and SiTration. The selected ventures develop breakthrough technologies that address critical challenges in battery materials, resource recovery, and gas separations. These companies confront the material and process bottlenecks that stand between today's energy system and tomorrow's opportunities. Halliburton Labs collaborates with early-stage hard-tec.
Halliburton Labs today announced the addition of three companies to its collaborative ecosystem: Electroflow, Osmoses, and SiTration. The selected ventures develop breakthrough technologies that address critical challenges in battery materials, resource recovery, and gas separations. These companies confront the material and process bottlenecks that stand between today’s energy system and tomorrow's opportunities.
Halliburton Labs collaborates with early-stage hard-tech ventures to scale innovative technologies through industry expertise, world-class facilities, and a global network of industrial and investment partners.
"Affordable and reliable molecules are essential building blocks of the energy future,” said Andres Cabada, Halliburton Labs managing director. “Each company brings a bold, technical solution to a complex industrial challenge. We look forward to helping them scale and deploy their technologies.”
Electroflow
Electroflow helps secure domestic battery supply chains through the production of lithium iron phosphate (LFP) cathode material directly from lithium brines. LFP is a critical component for affordable, safe, and long-lasting batteries used in electric vehicles, grid storage systems, and industrial electrification.
The company's proprietary platform combines lithium extraction and cathode material production into a three-step process that can unlock low-concentration brine resources, support scalable domestic manufacturing, and strengthen North America’s battery supply chain.
Osmoses
Osmoses improves industrial gas separation, a critical process for fuels, chemicals, and other industrial products that consumes a significant portion of global energy.
Its membrane platform reduces the energy use, cost, and emissions associated gas separations for renewable natural gas, hydrogen, helium, and other industrial applications.
SiTration
SiTration unlocks a faster and lower-cost copper supply through the recovery of critical metals directly from mining waste streams. The company's patented electro-extraction and filtration technologies support the recovery of market-grade copper in a single-step process powered solely by electricity.
With an estimated $500 billion of copper contained in mining waste globally, SiTration offers a faster, lower-cost pathway to resource recovery than new mine development. The company's platform can also be used to recover precious metals and produce rare earth concentrates from diverse mining streams and has demonstrated success in pilot projects with Tier 1 mining companies on multiple continents.
Industrial Innovation at Scale
The addition of Electroflow, Osmoses, and SiTration reflects Halliburton Labs' efforts to support entrepreneurs who develop practical solutions for the evolving energy and industrial landscape. Halliburton Labs provides the expertise, infrastructure, and relationships innovators require to scale and bring to market the technologies that will define the future of energy and industry.
About Halliburton Labs
Halliburton Labs provides global industrial capabilities to early-stage hard-tech energy ventures so they scale faster. Through expertise, facilities, business networks, and tailored support for the long term, Halliburton Labs helps entrepreneurs accelerate the development and deployment of solutions that address global energy and industrial challenges. Visit the company's website at www.halliburtonlabs.com.
Connect with Halliburton Labs on LinkedIn. Halliburton Labs is a wholly owned subsidiary of Halliburton Company (NYSE: HAL).
View source version on businesswire.com: https://www.businesswire.com/news/home/20260820365797/en/
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.
BlackRock Inc. bought a new position in shares of Halliburton Company (NYSE:HAL – Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 82,837,333 shares of the oilfield services company’s stock, valued at approximately $2,812,327,000. BlackRock Inc. owned about 9.94% of Halliburton at the end of the most recent reporting period.
A number of other hedge funds also recently bought and sold shares of the company. Pallas Capital Advisors LLC bought a new position in Halliburton in the 2nd quarter worth approximately $1,049,000. Deutsche Bank AG bought a new stake in shares of Halliburton in the second quarter valued at approximately $103,514,000. Perigon Wealth Management LLC acquired a new stake in shares of Halliburton in the second quarter worth $500,000. Trust Co. of Vermont acquired a new stake in shares of Halliburton in the second quarter worth $35,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in Halliburton during the second quarter worth $69,489,000. 85.23% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets Several equities analysts recently commented on HAL shares. HSBC upped their target price on shares of Halliburton from $40.00 to $46.00 and gave the company a “buy” rating in a research note on Wednesday, April 22nd. Morgan Stanley decreased their price target on shares of Halliburton from $41.00 to $40.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 22nd. Piper Sandler upgraded shares of Halliburton from a “neutral” rating to an “overweight” rating and boosted their price objective for the stock from $40.00 to $43.00 in a report on Tuesday, July 14th. Rothschild & Co Redburn upped their price objective on shares of Halliburton from $40.00 to $49.00 and gave the company a “buy” rating in a research report on Friday, May 15th. Finally, BMO Capital Markets set a $37.00 target price on shares of Halliburton in a research note on Wednesday, July 22nd. Eighteen research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $43.10.
Check Out Our Latest Stock Analysis on HAL Halliburton Trading Up 1.1% Shares of HAL stock opened at $35.05 on Thursday. The firm has a fifty day moving average of $34.11 and a 200-day moving average of $36.50. The stock has a market cap of $29.20 billion, a price-to-earnings ratio of 18.35, a P/E/G ratio of 2.17 and a beta of 0.73. Halliburton Company has a 52-week low of $20.78 and a 52-week high of $43.59. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.50 and a current ratio of 2.02.
Halliburton (NYSE:HAL – Get Free Report) last issued its earnings results on Tuesday, July 21st. The oilfield services company reported $0.55 earnings per share for the quarter, beating the consensus estimate of $0.54 by $0.01. The business had revenue of $5.71 billion for the quarter, compared to analyst estimates of $5.50 billion. Halliburton had a net margin of 7.16% and a return on equity of 18.71%. The firm’s revenue was up 3.7% on a year-over-year basis. During the same period in the previous year, the business earned $0.55 EPS. On average, equities research analysts forecast that Halliburton Company will post 2.34 earnings per share for the current fiscal year.
Insider Transactions at Halliburton In other Halliburton news, CFO Eric Carre sold 24,778 shares of the stock in a transaction on Thursday, June 18th. The stock was sold at an average price of $35.89, for a total transaction of $889,282.42. Following the completion of the transaction, the chief financial officer directly owned 148,520 shares in the company, valued at $5,330,382.80. This represents a 14.30% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.57% of the stock is owned by corporate insiders.
About Halliburton (Free Report)
Halliburton is one of the world’s largest providers of products and services to the energy industry, offering a broad portfolio that supports the lifecycle of oil and gas reservoirs from exploration and drilling through production and abandonment. Founded in 1919 by Erle P. Halliburton as an oil-well cementing company, the firm is headquartered in Houston, Texas and has developed into an integrated oilfield services company serving upstream operators globally.
The company’s activities encompass drilling and evaluation, well construction and completion, production enhancement and well intervention.
Featured Articles Five stocks we like better than Halliburton Bloom Energy’s AI Surge Meets a Valuation Reality Check Target Is Winning Shoppers Back—Can the Rally Reach $180? IonQ’s Space Contract Points to a New Frontier for Quantum Investors Is Apple’s AI Strategy Smarter Than Skeptics Think? Want to see what other hedge funds are holding HAL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Halliburton Company (NYSE:HAL – Free Report).
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Ve středeční seanci americké indexy korigují předchozí úterní pokles, kdy během běžné seance klesl benchmark S&P 500 o 0,7 %, blue-chip Dow Jones Industrial Average ztratil 0,2 % a technologicky zaměřený Nasdaq Composite klesl o 1,3 %, což je jeho nejprudší pokles od 29. července. Investory také trápí rostoucí výnosy amerických státních dluhopisů zvýšily diskontní sazbu uplatňovanou na budoucí zisky, což obzvláště silně zatížilo akcie rychle rostoucích technologických společností. Trh s dluhopisy zůstal klíčovým tématem, protože investoři se obávali inflace, fiskálních deficitů a vysokých vládních zadlužení. Výnos 30letých amerických státních dluhopisů ve středu mírně klesl poté, co v úterý vystoupal na nejvyšší úroveň od června 2007. Desetiletý výnos skončil na přibližně 4,71 %. Dnes bude také investory zajímat zápis z červencového zasedání Federálního rezervního systému, které má být zveřejněno dnes. Zápis bude určitě pod drobnohledem trhu a investorů, tj. aby všichni získali vodítka k výhledu měnové politiky poté, co tři regionální členové ( prezidenti ) Fedu nesouhlasili s rozhodnutím ponechat úrokové sazby beze změny. Dolar na páru s eurem dnes silněji ztrácí -0,67% tj. 1,1654 USD/EUR.
V centru zájmu investorů je také ropa a podle dnešního reportu od EIA zásoby surové ropy ke dni 14.8. vzrostly o 4,405 mil. barelů, když analytici předpokládali menší nárůst o 0,2 mil. barelů. Lehká ropa s oslabujícím dolarem tak přidává 0,5% a dostává se k úrovni 84,5 USD/barel. Podle analytiků vyšší ceny ropy zvyšují obavy z inflace. Situace je také nejistá ve vývoji konfliktu mezi USA a Íránem a též kolem Hormuzského průlivu. Tato situace zatím vyhovuje akciím v těžebním sektoru černého zlata a tak akcie těžebního velikána Exxon Mobil ( XOM ) přidávají o více než 1,1% a také akcie konkurenta britské skupiny BP ( BP ) posilují na tržní ceně o 1,5%. Velmi dobře si dnes vedou také akcie těžaře APA ( APA ), které přidávají více než 5,1% a také velmi dobře si vedou akcie brazilského Petrobrasu ( PBR ), jež posilují o solidních 3%. Za zmínku stojí také akcie francouzského výrobce a dodavatele těžního zařízení Schlumbergeru ( SLB ), které obchodují se ziskem cca 1% a také akcie jeho amerického konkurenta Halliburtonu ( HAL ) přidávají na tržní ceně necelých 1,5%.
Za pozornost investoru dnes určitě stojí akcie světového výrobce kosmetiky Estee Lauder Cos. ( EL ), kde společnost reportovala výsledky za 4Q. Firma překonala odhady trhu v tržbách i v očištěném zisku na akcii a ukončila sérii tří po sobě jdoucích poklesů ročních tržeb. Zároveň potvrdila výhled organických tržeb na fiskální rok 2027 a navýšila projekci očištěné provozní marže. Na základě výsledků jsou akcie ve zvýšeném zájmu investorů a posilují o solidních 17%.
Na růstové vlně se dnes také vezou akcie společnosti Target ( TGT ), která zvýšila svůj roční cíl tržeb již druhé čtvrtletí po sobě, což je potenciálním signálem pokroku v širokém plánu restrukturalizace pod vedením nového generálního ředitele Michaela Fiddelkeho. Porovnatelné tržby i očištěný zisk na akcii předčily očekávání a společnost navíc těžila z vratek cel. Firma rovněž zvýšila celoroční výhled. Akcie Target ( TGT ) dnes přidávají na tržní ceně více než 5,6%.
V centru zájmu investorů dnes nelze opominout také žlutý kov, který za přispění silně oslabujícího dolaru roste o více než 2,8% a zlato se tak dostává k úrovni 4 548 USD/Troy. unci. Tato situace nahrává do karet akciím v těžebním sektoru zlata a tak akcie amerického těžaře Newmontu ( NEM ) posilují na tržní ceně 8,5% a hned v závěsu se pohybují akcie největšího kanadského těžaře zlata Barrick Mining ( B ) se ziskem 7,1%. Za zmínku stojí také akcie známého těžaře Eldorado Gold ( EGO ), které jsou na tom podobně se ziskem cca 8,5%.
Index S&P 500 +0,5 % na 7730,3 b. Nejsilnější sektory S&P Změna Nejslabší sektory S&P Změna Zdravotní péče +3,1 % Průmysl -0,3 % Základní materiály +2,4 % Informační technologie -0,3 % Zbytná spotřeba +1,9 % Utility -0,1 % Nejsilnější akcie S&P Změna Nejslabší akcie S&P Změna Moderna (MRNA) +125 % Dell Technologies (DELL) -6,3 % Estee Lauder Cos (EL) +17 % Crowdstrike Holdings (CRWD) -6,0 % Merck (MRK) +11 % Seagate Technology Holdings (STX) -6,0 % Coinbase Global (COIN) +11 % Keysight Technologies (KEYS) -5,7 % Newmont Corp (NEM) +8,5 % Lam Research Corp (LRCX) -5,2 %
Luboš Bedrník
Fio banka, a.s.
Prohlášení
Empowered Funds LLC cut its holdings in Halliburton Company (NYSE:HAL – Free Report) by 9.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 199,264 shares of the oilfield services company’s stock after selling 21,136 shares during the quarter. Empowered Funds LLC’s holdings in Halliburton were worth $7,769,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also added to or reduced their stakes in HAL. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Halliburton by 7.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 92,754 shares of the oilfield services company’s stock valued at $2,353,000 after acquiring an additional 6,507 shares during the last quarter. Woodline Partners LP raised its position in shares of Halliburton by 39.0% during the first quarter. Woodline Partners LP now owns 73,341 shares of the oilfield services company’s stock worth $1,861,000 after purchasing an additional 20,583 shares during the period. Focus Partners Wealth lifted its holdings in shares of Halliburton by 25.0% during the first quarter. Focus Partners Wealth now owns 52,045 shares of the oilfield services company’s stock valued at $1,320,000 after purchasing an additional 10,408 shares during the last quarter. Intech Investment Management LLC increased its stake in Halliburton by 309.1% in the 1st quarter. Intech Investment Management LLC now owns 68,946 shares of the oilfield services company’s stock worth $1,749,000 after purchasing an additional 52,092 shares in the last quarter. Finally, Acadian Asset Management LLC acquired a new stake in Halliburton during the 1st quarter worth about $895,000. 85.23% of the stock is owned by institutional investors and hedge funds.
Insider Activity In other news, CFO Eric Carre sold 24,778 shares of Halliburton stock in a transaction dated Thursday, June 18th. The stock was sold at an average price of $35.89, for a total value of $889,282.42. Following the transaction, the chief financial officer directly owned 148,520 shares in the company, valued at approximately $5,330,382.80. The trade was a 14.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.57% of the company’s stock.
Wall Street Analysts Forecast Growth A number of research firms have recently issued reports on HAL. Jefferies Financial Group restated a “buy” rating and set a $47.00 price target on shares of Halliburton in a report on Sunday, April 26th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Halliburton in a research report on Wednesday, July 8th. JPMorgan Chase & Co. upped their price target on Halliburton from $40.00 to $42.00 and gave the company an “overweight” rating in a research report on Wednesday, April 22nd. Capital One Financial increased their price objective on Halliburton from $41.00 to $50.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 20th. Finally, Piper Sandler raised Halliburton from a “neutral” rating to an “overweight” rating and lifted their target price for the company from $40.00 to $43.00 in a research note on Tuesday, July 14th. Eighteen analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $43.10.
Read Our Latest Report on HAL
Halliburton Price Performance Shares of NYSE:HAL opened at $34.44 on Friday. The business has a 50-day moving average of $34.42 and a two-hundred day moving average of $36.46. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.02 and a quick ratio of 1.50. Halliburton Company has a fifty-two week low of $20.78 and a fifty-two week high of $43.59. The stock has a market capitalization of $28.70 billion, a P/E ratio of 18.03, a P/E/G ratio of 2.15 and a beta of 0.73.
Halliburton (NYSE:HAL – Get Free Report) last announced its earnings results on Tuesday, July 21st. The oilfield services company reported $0.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.54 by $0.01. Halliburton had a return on equity of 18.71% and a net margin of 7.16%.The firm had revenue of $5.71 billion during the quarter, compared to analysts’ expectations of $5.50 billion. During the same quarter in the prior year, the business earned $0.55 earnings per share. The company’s revenue was up 3.7% on a year-over-year basis. On average, equities research analysts predict that Halliburton Company will post 2.34 EPS for the current fiscal year.
Halliburton Announces Dividend The company also recently announced a quarterly dividend, which was paid on Wednesday, June 24th. Shareholders of record on Wednesday, June 3rd were given a dividend of $0.17 per share. The ex-dividend date of this dividend was Wednesday, June 3rd. This represents a $0.68 dividend on an annualized basis and a yield of 2.0%. Halliburton’s payout ratio is currently 35.60%.
About Halliburton (Free Report)
Halliburton is one of the world’s largest providers of products and services to the energy industry, offering a broad portfolio that supports the lifecycle of oil and gas reservoirs from exploration and drilling through production and abandonment. Founded in 1919 by Erle P. Halliburton as an oil-well cementing company, the firm is headquartered in Houston, Texas and has developed into an integrated oilfield services company serving upstream operators globally.
The company’s activities encompass drilling and evaluation, well construction and completion, production enhancement and well intervention.
Read More Five stocks we like better than Halliburton Is Best Buy the AI Winner Hiding in the Electronics Aisle? Applied Materials Beat Everything but Wall Street’s Expectations for Margins Back From Orbit, Intuitive Machines’ Share Price Enters the Buy Zone Texas Roadhouse and Brinker International Have the Recipe Rivals Are Missing Want to see what other hedge funds are holding HAL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Halliburton Company (NYSE:HAL – Free Report).
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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.
Bank of Nova Scotia grew its position in shares of Halliburton Company (NYSE:HAL – Free Report) by 128.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,284,612 shares of the oilfield services company’s stock after acquiring an additional 1,286,095 shares during the quarter. Bank of Nova Scotia owned about 0.27% of Halliburton worth $89,077,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors also recently modified their holdings of the company. Newbridge Financial Services Group Inc. acquired a new position in Halliburton during the second quarter worth $25,000. Kelleher Financial Advisors purchased a new position in shares of Halliburton during the 3rd quarter valued at $25,000. Nvest Wealth Strategies Inc. purchased a new position in shares of Halliburton during the 4th quarter valued at $25,000. Zions Bancorporation National Association UT grew its stake in shares of Halliburton by 196.4% during the 4th quarter. Zions Bancorporation National Association UT now owns 981 shares of the oilfield services company’s stock worth $28,000 after acquiring an additional 650 shares during the period. Finally, Strive Asset Management LLC bought a new position in shares of Halliburton during the 3rd quarter worth $31,000. 85.23% of the stock is owned by institutional investors and hedge funds.
Halliburton News Roundup Here are the key news stories impacting Halliburton this week:
Positive Sentiment: Halliburton won a new contract with Basra Oil Company to provide integrated field management, digital solutions, and EPCM services in southern Iraq, adding another large-scale international project to its backlog. Halliburton (HAL) Lands Iraq Field Development Contract With Basra Oil Company Positive Sentiment: The company also secured a multi-year agreement with Kuwait Oil Company to support the Ahmadi Innovation Valley, reinforcing Halliburton’s international growth story and technology-led strategy. Halliburton’s Outlook Improves as New Awards Build Momentum After Flat Q2, RBC Says Positive Sentiment: Second-quarter results topped expectations, with revenue of $5.71 billion and EPS of $0.55, while international revenue hit a 10-year high and margins expanded, which supports confidence in earnings resilience. Halliburton Tops Estimates as International Demand Strengthens Neutral Sentiment: Several brokerages lowered price targets after the earnings release, but most kept bullish ratings, suggesting analysts still see upside despite a more cautious valuation view. These Analysts Cut Their Forecasts On Halliburton Following Q2 Results Negative Sentiment: The company’s post-earnings outlook was described as tepid by some coverage, with warnings about a slower Middle East recovery and uneven execution tempering enthusiasm. Halliburton tumbles on tepid revenue forecast, Middle East recovery warning Analyst Upgrades and Downgrades A number of equities research analysts recently issued reports on the company. TD Cowen lowered their price objective on Halliburton from $48.00 to $47.00 and set a “buy” rating on the stock in a research note on Wednesday. Piper Sandler raised shares of Halliburton from a “neutral” rating to an “overweight” rating and boosted their price target for the company from $40.00 to $43.00 in a research report on Tuesday, July 14th. Jefferies Financial Group restated a “buy” rating and set a $47.00 price target on shares of Halliburton in a research note on Sunday, April 26th. Freedom Capital raised shares of Halliburton from a “strong sell” rating to a “hold” rating in a report on Wednesday. Finally, Royal Bank Of Canada increased their target price on Halliburton from $43.00 to $44.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 22nd. Eighteen investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $43.14.
Check Out Our Latest Analysis on HAL
Insider Activity at Halliburton In related news, VP Timothy Mckeon sold 8,655 shares of the business’s stock in a transaction dated Thursday, April 30th. The stock was sold at an average price of $42.00, for a total transaction of $363,510.00. Following the completion of the transaction, the vice president directly owned 72,976 shares in the company, valued at $3,064,992. The trade was a 10.60% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Eric Carre sold 24,778 shares of the company’s stock in a transaction dated Thursday, June 18th. The stock was sold at an average price of $35.89, for a total value of $889,282.42. Following the completion of the transaction, the chief financial officer owned 148,520 shares in the company, valued at $5,330,382.80. This represents a 14.30% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 258,255 shares of company stock valued at $10,550,535 in the last ninety days. 0.57% of the stock is currently owned by corporate insiders.
Halliburton Price Performance HAL stock opened at $32.68 on Friday. The firm has a 50 day moving average of $37.11 and a 200-day moving average of $36.47. The company has a current ratio of 2.02, a quick ratio of 1.54 and a debt-to-equity ratio of 0.64. The firm has a market capitalization of $27.30 billion, a P/E ratio of 17.11, a price-to-earnings-growth ratio of 1.52 and a beta of 0.71. Halliburton Company has a 12 month low of $20.39 and a 12 month high of $43.59.
Halliburton (NYSE:HAL – Get Free Report) last posted its earnings results on Tuesday, July 21st. The oilfield services company reported $0.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.54 by $0.01. Halliburton had a net margin of 7.16% and a return on equity of 18.71%. The business had revenue of $5.71 billion for the quarter, compared to analysts’ expectations of $5.50 billion. During the same period in the prior year, the company posted $0.55 EPS. The business’s revenue for the quarter was up 3.7% compared to the same quarter last year. As a group, sell-side analysts predict that Halliburton Company will post 2.36 earnings per share for the current fiscal year.
Halliburton Dividend Announcement The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 24th. Investors of record on Wednesday, June 3rd were given a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date was Wednesday, June 3rd. Halliburton’s dividend payout ratio (DPR) is 37.36%.
About Halliburton (Free Report)
Halliburton is one of the world’s largest providers of products and services to the energy industry, offering a broad portfolio that supports the lifecycle of oil and gas reservoirs from exploration and drilling through production and abandonment. Founded in 1919 by Erle P. Halliburton as an oil-well cementing company, the firm is headquartered in Houston, Texas and has developed into an integrated oilfield services company serving upstream operators globally.
The company’s activities encompass drilling and evaluation, well construction and completion, production enhancement and well intervention.
Featured Stories Five stocks we like better than Halliburton Premium Retail’s Stress Test Is Separating Winners From Losers D-Wave Quantum or a Quantum ETF: Which Is the Better Bet? GE Vernova Just Sent a Mixed AI Signal to Investors Alphabet Crushed Earnings, But One Number Spooked the Market Want to see what other hedge funds are holding HAL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Halliburton Company (NYSE:HAL – Free Report).
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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.
Analyst’s Disclosure: I/we have a beneficial long position in the shares of HAL either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
I/we have a beneficial long position in the shares of APA, DVN, WDS, NE, RIG, PTEN, CNQ, SU, OILSF, TNEYF, SLB, HAL either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Please do your own due diligence before investing. Nothing in this report is intended as investment advice.
Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
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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Ve středeční seanci se americké indexy ze začátku mírně korigují, protože investoři jsou opatrní před zveřejněním klíčových zpráv o hospodaření společností jako Alphabet a Texas Instruments, které by mohly poskytnout další signály o obchodu s umělou inteligencí. Trhy se také soustřeďují na americko-íránský konflikt, jelikož obě strany pokračovaly ve vzájemných úderech již jedenáctý den po sobě. Začínají tak vznikat opět obavy z narušení dodávek ropy způsobených potenciálně se rozšiřujícím konfliktem na Blízkém východě. Bohužel, diplomatické jednání nepřineslo okamžitý pokrok. Americký prezident Donald Trump v úterý nabídl na nová jednání s představiteli Iránu pesimistický pohled a uvedl, že Washington „nemá zájem se s Íránem zatím setkat“. Dolar na páru s eurem zatím opslabuje o -0,2% tj. 1,1414 USD/EUR.
V hledáčku investorů je stále ropa, která stále roste a dnes WTI přidává 2,4% a dostává se k úrovni 86,4 USD/barel. Jak ropa roste , tak se opět vynořují obavy investorů že energetický šok způsobený válkou by mohl vyvolat globální inflační výbuch a vlnu zvyšování úrokových sazeb centrálních bank. Tyto komentáře přicházejí v době, kdy média naznačují, že se mediátoři nadále snaží oživit diplomatické řešení íránského konfliktu, který nyní hrozí rozšířením do dalších částí Perského zálivu. Dnes byly také zveřejněny zásoby surové ropy a podle EIA zásoby vzrostly o 2,010 mil. barelů, když trh předpokládal pokles o 1,950 mil. barelů. Tato situace vyhovuje akciím v těžebním sektoru černého zlata a tak akcie těžebního obra Exxon Mobil ( XOM ) přidávají 1,5% a hned v závěsu jsou akcie konkurenta Baker Hughes ( BKR ), jež se posunují výš na tržní ceně více než 1%. Podobně si vedou také akcie Marathonu Petroleum ( MPC ) se ziskem více než 1% a také akcie britské skupiny BP ( BP ) se posouvají výš o více než 1,5%. Solidně si vedou také akcie APA ( APA ), které se přehouply přes 1% a také konkurenční akcie Occidentalu Petroleum ( OXY ) na tržní ceně přidávají cca 1,5%. Velmi slušně si vedou také akcie brazilského těžaře Petrobrasu ( PBR ), jež se pohybují v kladném se ziskem 2,5%. Dnes přidávají na tržní ceně také akcie francouzského výrobce a dodavatele těžní techniky Schlumbergeru ( SLB ) o více než 2% a také akcie amerického konkurenta Halliburtonu ( HAL ) 0,6% a do této skupiny patří také akcie Chevronu ( CVX ), které přidávají cca 1%.
S oslabením dolaru si dnes dobře vede žlutý kov, který přidává 1,4% a zlato se tak dostává l úrovni 4 138 USD/Troy. unci. Tato situace je tak příznivě nakloněna akciím v těžebním sektoru zlata a tak akcie největšího kanadského těžaře Barrick Mining ( B ) dnes zpevňují o 3,9% a hned v závěsu jsou akcie jeho amerického konkurenta Newmontu ( NEM ) s ještě větším ziskem cca 4,5%. Za zmínku stojí také akcie známého těžaře Eldorado Gold ( EGO ), jež se posunují výš o 6,7%.
Za pozornost investorů stojí dnes tabáková skupina Philip Morris ( PM ) vykázala zisk za druhé čtvrtletí, který překonal odhady díky robustním tržbám poháněným poptávkou po jejím nekuřáckém produktu. Náladu však utlumilo určité zklamání z jejího ročního výhledu. Tržby společnosti meziročně vzrostly o 10,4 % na 11,19 mld. USD. Organické tržby byly meziročně vyšší o 7,6 %, zatímco trh očekával růst pouze o 4,91 %. Philip Morris celkově dodal 205,2 mld. jednotek produktů, což představuje meziroční růst o 2,5 %. Zisk na akcii meziročně klesl o 7,7 % na 1,80 USD, a to vlivem nepeněžního odpisu podílu v kanadské RBH ve výši 511 mil. USD (dopad 0,33 USD na akcii). Očištěný zisk na akcii naopak vzrostl o 15,2 % na 2,20 USD (bez měnového vlivu +13,6 %) a překonal očekávání trhu ve výši 2,04 USD. I když výhled byl opatrný, tak investoři pozitivně vnímají reportovaná čísla a akcie Philip Morris ( PM ) posilují na tržní ceně o více než 1,9%.
Své výsledky za 2Q. 2026 dnes představila také telekomunikační společnost AT&T ( T ) Čistý přírůstek postpaid mobilních zákazníků překonal průměrný odhad analytiků. Nad očekávání byl rovněž reportován očištěný zisk na akcii a očištěný zisk EBITDA. Akcie AT &T ( T ) se tak dnes těší z přízně investorů a posilují o cca 3,2%.
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Luboš Bedrník
Fio banka, a.s.
Prohlášení
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.
Pozitivní nálada vydržela po celou obchodní seanci. Obrat na čipovém sektoru udržel technologický NASDAQ výrazně v plusu. Přesto klasické technologie z magnificent 7 skončily v záporu (Amazon -0,98 %). To vše se dělo při stále rostoucí cenně ropy. Investoři sledují především čísla hospodaření a geopolitika šla mírně stranou.
Z čipového sektoru se dařilo především výrobci paměťových čipů Micron +12,04 %, Sandisk +14% či výrobce procesorů Intel +8,64 %.
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Index S&P 500 +0,89 % na 7509,21 b. Nejsilnější sektory S&P Změna Nejslabší sektory S&P Změna Informační technologie +2,3 % Nezbytná spotřeba -1 % Energie +1,2 % Komunikační služby -0,8 % Zdravotní péče +0,6 % Utility +0 % Nejsilnější akcie S&P Změna Nejslabší akcie S&P Změna Sandisk Corp (SNDK) +14 % Danaher Corp (DHR) -11 % Western Digital Corp (WDC) +13 % MSCI (MSCI) -10 % Micron Technology (MU) +12 % Tyler Technologies (TYL) -5,7 % Teradyne (TER) +12 % Halliburton (HAL) -5,5 % Coherent Corp (COHR) +11 % Gartner (IT) -4,5 %
Jan Pazourek, Fio banka, a.s.
Key Takeaways Halliburton beat Q2 earnings and revenue estimates as sales increased 3.7% year over year.HAL saw higher revenues from both business segments, with international sales rising 5.7% year over year.Halliburton expects growth from contract wins, improving North America activity and capital discipline. Halliburton Company (HAL - Free Report) 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.
HAL’s 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.
HAL’s 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.
HAL's Zacks Rank & Key PicksHalliburton currently carries a Zacks Rank #3 (Hold).
Investors interested in the energy sector might consider better-ranked stocks such as Cheniere Energy, Inc. (LNG - Free Report) , Energy Transfer LP (ET - Free Report) and Venture Global, Inc. (VG - 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.
Cheniere Energy is valued at $55.52 billion. It is primarily engaged in the business of liquefied natural gas (LNG - Free Report) . Cheniere Energy constructs and operates LNG terminals, and is also involved in LNG and natural gas marketing.
Energy Transfer is valued at $69.79 billion. ET is a diversified midstream partnership with operations spanning natural gas, NGLs, crude oil, refined products, terminalling, storage and related services in the United States.
Venture Global is valued at $35.5 billion. It is a cost-efficient provider of LNG sourced from rich natural gas basins in North America. VG is developing LNG export projects along the U.S. Gulf Coast in Louisiana — the Calcasieu Pass Project, the Plaquemines Project, the Plaquemines Expansion Project, the CP2 Project, the CP2 Expansion Project and the CP3 Project.
Halliburton Company (HAL) Q2 2026 Earnings Call July 21, 2026 9:00 AM EDT
Company Participants
David Coleman - Senior Director of Investor Relations
Jeffrey Miller - Chairman of the Board, President & CEO
Jeffrey Slocum - Executive VP, COO & Director
Eric Carre - Executive VP & CFO
Conference Call Participants
Stephen Richardson - Evercore Inc.
John Anderson - Barclays Bank PLC, Research Division
Arun Jayaram - JPMorgan Chase & Co, Research Division
Saurabh Pant - BofA Securities, Research Division
James West - Melius Research LLC
Derek Podhaizer - Piper Sandler & Co., Research Division
Neil Mehta - Goldman Sachs Group, Inc., Research Division
Doug Becker - Capital One Securities, Inc., Research Division
Scott Gruber - Citigroup Inc., Research Division
Marc Bianchi - TD Cowen, Research Division
Presentation
Operator
Good day, ladies and gentlemen, and thank you for standing by. Welcome to the Second Quarter 2026 Halliburton Company Earnings Conference Call.
[Operator Instructions] As a reminder, this conference call is being recorded.
At this time, I would like to turn the conference over to Mr. David Coleman, Senior Director, Investor Relations. Sir, please begin.
David Coleman
Senior Director of Investor Relations
Hello, and thank you for joining the Halliburton Second Quarter 2026 Conference Call. We will make the recording of today's webcast available for 7 days on Halliburton's website after this call. Joining me today are Jeff Miller, Chairman, President and CEO; Shannon Slocum, Executive Vice President and COO; and Eric Carre, Executive Vice President and CFO.
Some of today's comments may include forward-looking statements that reflect Halliburton's views about future events. These matters involve risks and uncertainties that could cause our actual results to materially differ from our forward-looking statements. These risks are discussed in Halliburton's Form 10-K for the year ended December 31, 2025, Form 10-Q for the quarter ended March 31, 2026, current reports on Form 8-K and other Securities and Exchange Commission
Halliburton Company (NYSE:HAL, XETRA:HAL) reported second quarter results that exceeded Wall Street expectations, but shares fell more than 6% after management warned that the oilfield services market is weakening more than previously anticipated in the short to medium term.
The oilfield services company posted adjusted earnings of $0.55 per share, ahead of the consensus estimate of $0.54.
Revenue came in at $5.71 billion, surpassing analyst expectations of $5.51 billion.
Net income for the quarter was $534 million, or $0.64 per diluted share, compared with $461 million, or $0.55 per diluted share, in the first quarter. Total revenue increased to $5.7 billion from $5.4 billion in the prior quarter, while operating income rose to $778 million from $679 million.
Halliburton generated $824 million in operating cash flow and $668 million in free cash flow during the quarter. The company also repurchased approximately $200 million of its shares.
Halliburton CEO Jeff Miller highlighted the company's international opportunities and improving North American activity.
"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," Miller stated in the earnings release.
He added that international markets continue to present growth opportunities, citing contract awards and a pipeline of future work, while noting that North America showed signs of recovery during the quarter with expectations for further incremental improvement through the year.
However, investor sentiment was weighed down by Miller's more cautious outlook for the broader industry. He recently warned that the oilfield services market is expected to be softer than previously anticipated over the short to medium term, citing a decline in global upstream spending, lower drilling activity in North America, and geopolitical challenges in the Middle East.
Halliburton Company (NYSE:HAL, XETRA:HAL) reported second quarter results that exceeded Wall Street expectations, but shares fell more than 6% after management warned that the oilfield services market is weakening more than previously anticipated in the short to medium term.
The oilfield services company posted adjusted earnings of $0.55 per share, ahead of the consensus estimate of $0.54.
Revenue came in at $5.71 billion, surpassing analyst expectations of $5.51 billion.
Net income for the quarter was $534 million, or $0.64 per diluted share, compared with $461 million, or $0.55 per diluted share, in the first quarter. Total revenue increased to $5.7 billion from $5.4 billion in the prior quarter, while operating income rose to $778 million from $679 million.
Halliburton generated $824 million in operating cash flow and $668 million in free cash flow during the quarter. The company also repurchased approximately $200 million of its shares.
Halliburton CEO Jeff Miller highlighted the company's international opportunities and improving North American activity.
"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," Miller stated in the earnings release.
He added that international markets continue to present growth opportunities, citing contract awards and a pipeline of future work, while noting that North America showed signs of recovery during the quarter with expectations for further incremental improvement through the year.
However, investor sentiment was weighed down by Miller's more cautious outlook for the broader industry. He recently warned that the oilfield services market is expected to be softer than previously anticipated over the short to medium term, citing a decline in global upstream spending, lower drilling activity in North America, and geopolitical challenges in the Middle East.
3 Energy Stocks Built for the AI Power Boom—And BeyondHalliburton NYSE: HAL reported sequential revenue growth in the second quarter of 2026, with management pointing to strength in international markets, a recovering North America business and a growing pipeline of technology-driven contract awards.
Chairman, President and CEO Jeff Miller said Halliburton delivered total company revenue of $5.7 billion and adjusted operating margin of 12% in the quarter. International revenue was $3.4 billion, up 6% year over year and the company’s highest second-quarter international revenue in more than a decade, despite disruptions in the Middle East. North America revenue was $2.3 billion, flat from the year-earlier period but up sequentially.
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SLB’s Tough Quarter Masks a Powerful Long-Term Shift“Our international business delivered its highest second quarter revenue in more than a decade, despite the disruption in the Middle East,” Miller said. “Our North America business delivered sequential improvement, and my outlook for our business is positive.”
Chief Financial Officer Eric Carre said reported net income per diluted share was $0.64, while adjusted net income per diluted share was $0.55. Cash flow from operations was $824 million, free cash flow was $668 million and the company repurchased about $200 million of its common stock during the quarter.
International Markets Drive Growth Despite Middle East Disruption Pipelines and Automation: 2 Energy Plays Built for Any Oil PriceManagement emphasized that international customer engagement remains high, with Miller saying he sees growing demand for Halliburton’s services and technology across regions. He said energy security and reliable, affordable energy remain central issues for producing and consuming nations, and that rebuilding inventories, expanding strategic reserves and diversifying supply could take “years, not quarters.”
Chief Operating Officer Shannon Slocum said international opportunities are “the strongest I’ve seen in many years.” He said Middle East activity is recovering from conflict-related lows, though the pace remains dependent on day-to-day events in the region. Land well construction activity was largely steady during the quarter, except for pockets of disruption in Iraq and Bahrain, while offshore activity improved through the quarter but remained below pre-conflict levels.
Slocum highlighted Iraq as a key opportunity after Halliburton announced a significant Integrated Field Management service award. He described the project as foundational and said it would put Halliburton’s digital and technology offerings to work at scale. He also cited recent wins in onshore well construction, integrated offshore projects and the resumption of unconventional fracturing operations in Jafurah as reasons for optimism in the Middle East.
Outside the Middle East, Halliburton expects international growth in the low double digits this year. Slocum pointed to production services, drilling, unconventionals and artificial lift as key growth engines. Recent developments included commissioning of a new North Sea stimulation vessel, integration of Sekal with Halliburton’s LOGIX automation platform and unconventional project wins in Algeria and Argentina.
North America Shows Sequential Improvement In North America, second-quarter revenue rose 7% sequentially to $2.3 billion. Carre said the improvement was driven by higher stimulation and well construction activity in U.S. land and higher fluids activity in the Gulf of Mexico.
Slocum said North America activity built on first-quarter momentum, with stronger activity, modest pricing gains and further technology adoption. Drilling activity was strong, and Halliburton’s Drilling and Evaluation division grew 9% year over year in North America, he said.
In completions, Slocum said Halliburton remains focused on returns rather than market share, adding that the company’s ability to redeploy equipment to international markets creates a high bar for North America fleet reactivation. The company also deployed the latest version of ZEUS IQ during the quarter, which Slocum said expands subsurface measurements and gives customers well-by-well treatment control in simul-frac operations.
During the question-and-answer session, Miller said Halliburton is seeing “positive margin trajectory” in North America as white space fills and pricing improves. He said the company is focused on improving pricing across the fleet and may move equipment overseas when international opportunities offer better margins.
Segment Results and Regional Performance Completion and Production revenue was $3.2 billion, up 6% sequentially, while operating income rose 8% to $474 million. Segment operating margin was 15%. Carre said the increase was primarily driven by higher stimulation activity in the Western Hemisphere and improved well intervention services in Asia, partly offset by lower North America specialty chemicals activity tied to the sale of Halliburton’s chemical business, lower cementing activity in Latin America and reduced activity across multiple product lines in the Middle East.
Drilling and Evaluation revenue was $2.5 billion, up 5% sequentially, while operating income fell 4% to $338 million. Segment operating margin was 13%. Carre attributed the revenue increase to higher drilling-related services and land activity in North America and Europe/Africa, while the operating income decline reflected the seasonal roll-off of software sales.
By region, Europe/Africa revenue increased 19% sequentially to $1 billion, supported by stronger activity in the North Sea, well construction in Namibia and Egypt, completion tool sales in the East Mediterranean and project management activity in Angola. Middle East/Asia revenue fell 2% sequentially to $1.3 billion due to lower activity in Kuwait, Iraq and Qatar related to the Middle East conflict. Latin America revenue rose 3% to $1.1 billion on higher stimulation activity in Argentina and Mexico and improved completion tool sales in Mexico.
Guidance Points to Margin Improvement For the third quarter, Carre said Halliburton expects Completion and Production revenue to be flat to down 2% sequentially, with margins improving 125 to 175 basis points. Drilling and Evaluation revenue is expected to decline 3% to 5%, with margins improving 25 to 75 basis points.
Carre said Halliburton’s third-quarter outlook assumes Middle East activity remains steady at current levels, with no recovery to pre-conflict levels and no major additional disruption. He said the expected revenue decline in Drilling and Evaluation is tied mainly to lower drilling fluids and testing activity, while margin improvement should benefit from a more favorable mix, including higher-margin software sales. In Completion and Production, the sale of the chemical business will reduce revenue, but margins are expected to benefit from North America land fracturing, lift, Gulf of Mexico completion tool deliveries and Middle East recovery.
Halliburton expects corporate expenses of about $80 million in the third quarter, SAP S/4 migration expenses of about $45 million, net interest expense up about $5 million from the second quarter and an effective tax rate of approximately 19%. Full-year 2026 capital expenditures are expected to be about $1.1 billion.
Management Emphasizes Technology and Capital Discipline Throughout the call, management framed Halliburton’s growth strategy around technology, automation and disciplined capital deployment. Miller said recent wins are tied to the company’s value proposition and advances such as closed-loop geosteering, LOGIX, ZEUS IQ and the Sekal acquisition.
Asked about digital and software, Miller said Halliburton’s focus includes open architecture, artificial intelligence, deep science and data management. He said automation products are contributing to contract wins and are “a differentiator.”
On shareholder returns, Carre said Halliburton has not changed its buyback philosophy and expects repurchases to pick up from earlier in the year, while continuing on a regular basis rather than making large opportunistic moves.
Miller closed the call by reiterating that Halliburton’s global outlook is strong and that the company’s technology and value proposition support future revenue growth and margin expansion.
About Halliburton (NYSE:HAL)Halliburton is one of the world's largest providers of products and services to the energy industry, offering a broad portfolio that supports the lifecycle of oil and gas reservoirs from exploration and drilling through production and abandonment. Founded in 1919 by Erle P. Halliburton as an oil-well cementing company, the firm is headquartered in Houston, Texas and has developed into an integrated oilfield services company serving upstream operators globally.
The company's activities encompass drilling and evaluation, well construction and completion, production enhancement and well intervention.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected].
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Halliburton delivered solid Q2 results with both revenue and EPS beating consensus, yet shares declined post-earnings. I reiterate a buy rating on HAL, citing attractive valuation and positive free cash flow despite recent technical weakness and a 14% stock decline since March. HAL's CEO highlights strong North America recovery, robust international contract awards, and steady capital plans as key growth drivers.
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Akcie 3M posilují o 9,5 % poté, co průmyslový konglomerát zveřejnil hospodářské výsledky za druhé čtvrtletí roku 2026. Očištěný zisk na akcii překonal odhady analytiků a společnost zároveň zvýšila celoroční výhled očištěného zisku na akcii i organického růstu tržeb.
Výrazně klesají akcie Danaher (-14 %). Společnost působící v oblasti life sciences, zveřejnila hospodářské výsledky za druhé čtvrtletí roku 2026, ve kterém tržby i očištěný zisk na akcii překonaly odhady analytiků. Firma zároveň zvýšila celoroční výhled očištěného zisku na akcii, avšak výhled růstu jadrových tržeb pro třetí čtvrtletí zaostal za průměrným odhadem analytiků.
Akcie společnosti Halliburton oslabují o 6,1 % poté, co tato společnost poskytující služby pro ropný průmysl vykázala za druhé čtvrtletí očištěný provozní zisk, který zaostal za průměrným odhadem analytiků v důsledku nižších marží, než se původně očekávalo. Očištěný provozní zisk činil 683 mil. USD, meziročně -6,1 %, při odhadu 688,7 mil. USD.
Index S&P 500 +0,34 % na 7468,56 b. Nejsilnější sektory S&P Změna Nejslabší sektory S&P Změna Informační technologie +1,4 % Nezbytná spotřeba -0,8 % Energie +0,8 % Komunikační služby -0,4 % Základní materiály +0 % Zdravotní péče -0,4 % Nejsilnější akcie S&P Změna Nejslabší akcie S&P Změna Hasbro (HAS) +13 % Danaher Corp (DHR) -14 % Sandisk Corp (SNDK) +9,6 % MSCI (MSCI) -10 % Teradyne (TER) +8,7 % Equifax (EFX) -7,3 % Western Digital Corp (WDC) +8,4 % Genuine Parts (GPC) -7,0 % Coinbase Global (COIN) +8,4 % Halliburton (HAL) -6,1 % Zdroj: Bloomberg
Halliburton stock declines after the oilfield services company posts slightly better-than-expected earnings but sees the war in the Middle East take its toll on business.
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.
HOUSTON--(BUSINESS WIRE)--Halliburton Company (NYSE: HAL) announced today net income of $534 million, or $0.64 per diluted share, for the second quarter of 2026 and adjusted net income4, excluding “Impairments and other credits,” of $461 million, or $0.55 per diluted share. This compares to net income for the first quarter of 2026 of $461 million, or $0.55 per diluted share. Halliburton's total revenue for the second quarter of 2026 was $5.7 billion, compared to total revenue of $5.4 billion in.
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
HOUSTON--(BUSINESS WIRE)--Halliburton (NYSE: HAL) has been awarded a contract by Basra Oil Company (BOC) to provide Integrated Field Management Services (IFMS) and Engineering, Procurement, and Construction Management (EPCM) for the development of the Bin Umar and Sindbad oil and gas fields in southern Iraq. The contract scope includes field development planning, production optimization, digital solutions, and EPCM services for the two fields. Halliburton will deploy the Landmark portfolio to b.
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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Key Takeaways Halliburton secured a long-term Aramco contract for integrated services at the Jafurah gas project.HAL will deploy Saudi Arabia's first integrated intelligent fracturing platform from Q3 2026.Halliburton plans more local manufacturing, supply chain and workforce investment in Saudi Arabia. Halliburton Company (HAL - Free Report) has secured a long-term contract from Saudi Aramco to provide integrated stimulation and completion services for the Jafurah unconventional gas project in Saudi Arabia. The agreement strengthens the company's position in one of the world's largest unconventional gas developments while reinforcing its long-standing partnership with Aramco. However, the financial details of the multi-year contract are not yet disclosed.
Supporting One of the World's Largest Gas DevelopmentsThe Jafurah Basin is a cornerstone of Saudi Arabia's unconventional gas strategy. With estimated recoverable resources of 229 trillion cubic feet, it is regarded as the largest shale gas project outside the United States. Halliburton's latest award is part of a broader multibillion-dollar development program that aims to accelerate gas production and support Saudi Arabia's long-term energy goals. The contract also expands Halliburton's existing portfolio of work across the country's unconventional resource plays.
HAL’s Advanced Digital Technologies to Improve EfficiencyBeginning in the third quarter of 2026, Halliburton will deploy Saudi Arabia's first fully integrated intelligent fracturing platform. The company will utilize its OCTIV Auto Frac automation system alongside Sensori fracturing monitoring services to optimize stimulation performance in real time.
These digital solutions are designed to improve operational efficiency, enhance workflow predictability and support disciplined execution across multi-well development campaigns. By integrating automation and real-time monitoring, Halliburton aims to increase operational reliability while maximizing asset performance throughout the project.
Strengthening a Long-Standing PartnershipHalliburton has operated in Saudi Arabia for more than eight decades, making the latest contract another milestone in its relationship with Aramco. The company noted that the award reflects continued collaboration in advancing unconventional gas development and highlights its integrated service capabilities across drilling and completion operations in Saudi Arabia.
HAL Is Expanding Local Investment in Saudi ArabiaAs development activity in the Jafurah Basin ramps up, Halliburton also plans to increase its investment in Saudi Arabia. The company intends to expand local manufacturing capabilities, strengthen its supply chain and invest in workforce development programs. These initiatives are expected to support larger-scale operations and help sustain high levels of performance as unconventional gas activity accelerates across the region.
Halliburton's Saudi Growth OutlookHalliburton's latest contract reinforces its leadership in unconventional gas services and expands its role in one of the world's most significant shale gas developments. By combining advanced automation technologies with increased local investment, the company is well positioned to support Aramco's ambitious gas expansion plans while strengthening its long-term growth opportunities in the Middle East.
HAL’s Zacks Rank & Other 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 #2 (Buy).
Investors interested in the energy sector may consider some other top-ranked stocks like Suncor Energy Inc. (SU - Free Report) , Imperial Oil Limited (IMO - Free Report) and Par Pacific Holdings, Inc. (PARR - 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.
Alberta-based Suncor Energy is Canada's premier integrated energy company. The company's operations include oil sands development and upgrading, conventional and offshore crude oil and gas production, petroleum refining and product marketing. The Zacks Consensus Estimate for SU’s 2026 earnings indicates 114.2% year-over-year growth.
Calgary-based Imperial Oil Limited is one of the largest integrated oil companies of Canada, mainly engaged in oil and gas production, petroleum products refining and marketing and the chemical business. The Zacks Consensus Estimate for IMO’s 2026 earnings indicates 69.2% year-over-year growth.
Houston, TX-based Par Pacific Holdings is a growth-oriented energy company supplying conventional and renewable fuels across the western United States. Its integrated platform sources crude, refines transportation fuels and distributes products. The Zacks Consensus Estimate for PARR’s 2026 revenues indicates 123.8% year-over-year growth.
HOUSTON--(BUSINESS WIRE)--Halliburton (NYSE: HAL) was awarded lump sum turnkey (LSTK) contracts by Aramco in multiple onshore fields in the Kingdom of Saudi Arabia. The awards expand Halliburton's role in the program and demonstrate the Company's ability to grow through integrated well delivery at scale. The multi-year contracts encompass approximately 285 planned wells. Halliburton will deliver a fully integrated execution model that includes oil re-entry operations, drilling, completions, and.
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.
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.
Key Takeaways Halliburton won a well construction contract for TotalEnergies' GranMorgu project offshore Suriname.HAL will use digital workflows, automation and real-time analytics to improve well construction efficiency.Halliburton is investing in local facilities and suppliers to support Suriname's offshore energy sector. Halliburton Company (HAL - Free Report) has secured a significant integrated well construction contract for the GranMorgu deepwater development offshore Suriname, operated by TotalEnergies SE (TTE - Free Report) . The long-term agreement strengthens Halliburton's presence in the offshore drilling market while highlighting the growing role of digital technologies and integrated execution in complex energy projects.
HAL’s Integrated Approach to Improve Project EfficiencyAs part of the contract, Halliburton, currently carrying a Zacks Rank #2 (Buy), will provide both drilling and completions services using a fully integrated execution model. The company plans to combine planning, engineering and field operations with digital technologies and automation to streamline well construction. This integrated approach is designed to improve operational performance, accelerate learning across project teams and reduce the overall cost of well development for TotalEnergies, which is carrying a Zacks Rank #3 (Hold) at present.
According to Halliburton, the project demonstrates how collaboration, digital innovation and integrated execution can deliver safer and more efficient operations in technically demanding deepwater developments. By aligning teams and leveraging advanced well construction capabilities, the company aims to maximize asset value while maintaining high operational standards.
Digital Technologies to Enhance Well PerformanceHalliburton will deploy integrated digital workflows, real-time data analytics and remote operations control throughout the drilling and completion phases. These technologies are expected to improve well placement accuracy, strengthen delivery assurance and optimize communication between surface operations and subsurface activities.
The enhanced digital capabilities are also intended to improve hydrocarbon recovery while lowering the total cost of ownership for the project. As offshore developments become increasingly complex, advanced automation and data-driven decision-making are becoming essential tools for improving efficiency and reducing operational risks.
HAL Supports Local Industry GrowthBeyond delivering drilling services, Halliburton is investing in Suriname's local energy ecosystem. The company has collaborated with local suppliers to upgrade its liquid mud and cement plant and has supported the construction of the country's first advanced drilling and completions workshop equipped with modern maintenance and repair capabilities.
Halliburton also plans to prioritize local hiring and supplier participation throughout the project. These initiatives are expected to strengthen Suriname's offshore energy sector, support economic development and establish a new benchmark for collaboration through the first global alliance between Halliburton, TotalEnergies and Noble Corporation.
Other Key PicksInvestors interested in the energy sector may consider some other top-ranked stocks like Suncor Energy Inc. (SU - Free Report) and Par Pacific Holdings, Inc. (PARR - 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.
Alberta-based Suncor Energy is Canada's premier integrated energy company. The company's operations include oil sands development and upgrading, conventional and offshore crude oil and gas production, petroleum refining and product marketing. The Zacks Consensus Estimate for SU’s 2026 earnings indicates 114.2% year-over-year growth.
Houston, TX-based Par Pacific Holdings is a growth-oriented energy company supplying conventional and renewable fuels across the western United States. Its integrated platform sources crude, refines transportation fuels and distributes products. The Zacks Consensus Estimate for PARR’s 2026 revenues indicates 123.8% year-over-year growth.
HOUSTON--(BUSINESS WIRE)--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 co.
Halliburton (HAL - Free Report) ended the recent trading session at $35.21, demonstrating a +2.38% change from the preceding day's closing price. The stock outperformed the S&P 500, which registered a daily loss of 0.79%. Elsewhere, the Dow lost 0.26%, while the tech-heavy Nasdaq lost 1.55%.
Shares of the provider of drilling services to oil and gas operators have depreciated by 13.16% over the course of the past month, underperforming the Oils-Energy sector's loss of 3.33%, and the S&P 500's gain of 4.28%.
Analysts and investors alike will be keeping a close eye on the performance of Halliburton in its upcoming earnings disclosure. The company's earnings report is set to go public on July 21, 2026. On that day, Halliburton is projected to report earnings of $0.54 per share, which would represent a year-over-year decline of 1.82%. Meanwhile, our latest consensus estimate is calling for revenue of $5.48 billion, down 0.5% from the prior-year quarter.
For the full year, the Zacks Consensus Estimates project earnings of $2.34 per share and a revenue of $22.23 billion, demonstrating changes of -3.31% and +0.23%, respectively, from the preceding year.
It is also important to note the recent changes to analyst estimates for Halliburton. These recent revisions tend to reflect the evolving nature of short-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.09% higher within the past month. Halliburton is currently a Zacks Rank #2 (Buy).
With respect to valuation, Halliburton is currently being traded at a Forward P/E ratio of 14.67. This indicates a discount in contrast to its industry's Forward P/E of 22.27.
We can additionally observe that HAL currently boasts a PEG ratio of 1.49. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. Oil and Gas - Field Services stocks are, on average, holding a PEG ratio of 2.06 based on yesterday's closing prices.
The Oil and Gas - Field Services industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 91, putting it in the top 37% of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
