Halliburton Company
- Open
- 37.30
- Day high
- 37.80
- Day low
- 36.51
- Prev close
- 36.18
- Volume
- 10.6M
- Mkt cap
- $30.7B
- P/E (TTM)
- 19.3
- EPS (TTM)
- $1.91
- P/B
- 2.8
- P/S
- 1.4
- Yield
- 1.85%
- Per share
- $0.68
- ▼Insiders net selling -$7.7M over the last 3 months (0 open-market buys, 4 sales)
- 🏛Institutions accumulating (13F)
Halliburton Company (HAL) is a Energy company listed on NYSE. The stock is up 62% over the past year. Over the trailing 3 months, insiders filed 0 open-market buys and 4 sales (SEC Form 4). Drillr has 5 published research articles covering HAL.
Halliburton Company (HAL) financials & analyst ratings
Fundamentals (TTM)
Analyst consensus · 10 analysts
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
HAL earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Jul 21, 2026 | $0.54 | $0.55 | +2.6% | $5.7B | +4.0% |
| Apr 21, 2026 | $0.50 | $0.55 | +10.3% | $5.4B | +1.8% |
| Jan 21, 2026 | $0.55 | $0.69 | +25.5% | $5.7B | +4.7% |
| Oct 21, 2025 | $0.50 | $0.58 | +16.3% | $5.6B | +3.9% |
| Jul 22, 2025 | $0.55 | $0.55 | -0.4% | $5.5B | +1.9% |
| Apr 22, 2025 | $0.60 | $0.60 | -0.3% | $5.4B | +2.7% |
| Jan 22, 2025 | $0.73 | $0.70 | -4.1% | $5.6B | -0.4% |
| Nov 7, 2024 | $0.75 | $0.73 | -2.7% | $5.7B | -2.2% |
| Jul 19, 2024 | $0.80 | $0.80 | +0.0% | $5.8B | -1.9% |
| Jan 23, 2024 | $0.80 | $0.86 | +7.5% | $5.7B | -0.7% |
| Jul 19, 2023 | $0.75 | $0.77 | +2.7% | $5.8B | -1.6% |
| Jan 24, 2023 | $0.67 | $0.72 | +7.3% | $5.6B | -0.1% |
HAL insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Aug 20, 2026 | Slocum Jeffrey Shannondirector, officer: Director, EVP and COO | Sell | 52,572 | $35.09 |
| Aug 19, 2026 | Miller Jeffrey Allendirector, officer: Director, President & CEO | Sell | 124,483 | $35.00 |
| Aug 19, 2026 | Slocum Jeffrey Shannondirector, officer: Director, EVP and COO | Sell | 16,121 | $35.08 |
| Jun 30, 2026 | Smith Maurice Sdirector | Grant | 1,080 | — |
| Jun 22, 2026 | Carre Ericofficer: EVP & Chief Financial Officer | Sell | 24,778 | $35.89 |
| May 18, 2026 | Beckwith Van H.officer: EVP, Secretary and CLO | Sell | 198,349 | $41.29 |
| May 6, 2026 | Maxwell Michael Caseyofficer: President - Western Hemisphere | Sell | 13,566 | $41.84 |
| May 6, 2026 | Maxwell Michael Caseyofficer: President - Western Hemisphere | Sell | 6,782 | $42.00 |
| May 1, 2026 | McKeon Timothyofficer: Senior VP and Treasurer | Sell | 8,655 | $42.00 |
| May 1, 2026 | Young Tobi M.director | Sell | 500 | $41.73 |
| May 1, 2026 | Young Tobi M.director | Sell | 5,625 | $41.72 |
| Mar 31, 2026 | Smith Maurice Sdirector | Grant | 828 | — |
| Mar 30, 2026 | Miller Jeffrey Allendirector, officer: Director, President & CEO | Sell | 158,455 | $40.00 |
| Mar 17, 2026 | Slocum Jeffrey Shannondirector, officer: Director, EVP and COO | Sell | 5,441 | $33.82 |
| Mar 17, 2026 | Beckwith Van H.officer: EVP, Secretary and CLO | Sell | 19,618 | $33.82 |
Source: HAL SEC Form 4 filings, latest Aug 20, 2026. For informational purposes only — not investment advice.
See the full HAL insider & 13F page →HAL research & analysis
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XLEXLFXLIHormuz Blockade Oil Crunch: XOM, OXY Win Big While UPS, RCL Face Fuel Cost Pain
Strait of Hormuz blockade as of April 9, 2026, tightens oil supply, favoring XOM, OXY, HAL, and BKR with production/margin tailwinds while pressuring UPS and RCL via fuel costs. OXY tops conviction on valuation and leverage.
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XLEOIHXOM
Halliburton Company company profile
Overview
Halliburton Company (NYSE:HAL) is one of the world's largest oilfield services companies, founded in 1919 and headquartered in Houston, Texas. The company has been publicly traded since 1972 and serves as a critical enabler of global energy production by providing specialized equipment, technology, and services to oil and gas companies worldwide. With operations spanning across North America, Latin America, Europe, Africa, the Middle East, and Asia, Halliburton has established itself as a technology leader in the oilfield services industry through nearly a century of innovation and expertise.
Business
Halliburton operates in the oilfield services industry, which provides essential support services to oil and gas exploration and production companies. The company functions as a specialized contractor that helps energy companies locate, drill, complete, and maintain oil and gas wells throughout their productive lifecycle. The company operates through two primary business segments: Completion and Production Division (approximately 57% of revenue): This segment focuses on services that help oil and gas wells produce hydrocarbons efficiently after they have been drilled. Key services include hydraulic fracturing (breaking underground rock formations to release trapped oil and gas), cementing services (sealing wellbores to prevent leaks), completion tools (equipment installed in wells to control production), and artificial lift systems (pumps and equipment that help bring oil and gas to the surface). The division also provides well intervention services to maintain and enhance production from existing wells, and pipeline services for processing facilities. Drilling and Evaluation Division (approximately 43% of revenue): This segment provides services and equipment needed during the well drilling phase. Services include drilling fluid systems (specialized mud that lubricates drill bits and carries rock cuttings to the surface), drill bits and drilling tools, wireline services (lowering instruments into wells to measure geological formations), and testing services that help determine the commercial viability of oil and gas reserves. The division also offers digital solutions and artificial intelligence platforms that optimize drilling operations and provide subsurface insights to customers. Both segments serve the same fundamental purpose: enabling oil and gas companies to extract hydrocarbons from underground reservoirs more efficiently, safely, and cost-effectively than they could accomplish independently.
Revenue model
Halliburton generates revenue primarily through service contracts and equipment sales to oil and gas exploration and production companies. The company's customers include major integrated oil companies (like ExxonMobil, Shell, and Chevron), national oil companies (like Saudi Aramco), and independent producers ranging from large shale operators to smaller regional players. The business model operates on several revenue streams: day-rate contracts for drilling services, per-well pricing for completion services like hydraulic fracturing, equipment sales and rentals, and long-term service agreements for production optimization. Approximately 40% of Halliburton's North American fracturing fleet operates under term contracts, providing revenue stability and predictability. Several factors significantly impact Halliburton's profitability margins. Oil and gas commodity prices represent the primary external driver, as higher energy prices encourage increased drilling activity and higher service pricing, while price declines reduce customer spending and intensify pricing competition. Rig count and completion activity levels directly correlate with service demand, particularly in North America where unconventional drilling dominates. Technology differentiation serves as a key margin enhancer, with Halliburton's advanced offerings like Zeus electric fracturing fleets, iCruise rotary steerable systems, and autonomous drilling technologies commanding premium pricing. Operational efficiency improvements through automation and digital solutions help reduce costs while improving service quality. Geographic diversification provides margin stability, as international markets typically offer higher margins and longer-term contracts compared to the more volatile North American market. However, margins face pressure from equipment utilization rates, labor costs and availability, supply chain inflation for materials like steel and chemicals, and competitive intensity from other major service providers like Schlumberger and Baker Hughes.
Competitive moat
Halliburton possesses a moderate competitive moat built primarily on technological expertise, scale advantages, and customer relationships, though the moat faces ongoing challenges from industry dynamics. The company's strongest defensive position comes from its proprietary technology portfolio and deep technical expertise accumulated over nearly a century of operations. Technologies like the Zeus electric fracturing system, iCruise rotary steerable drilling tools, and advanced completion systems create differentiation that customers value and competitors struggle to replicate quickly. The company's research and development capabilities and extensive patent portfolio provide ongoing innovation advantages. Scale and global reach represent another significant moat component. Halliburton's worldwide presence allows it to serve multinational oil companies across their global operations, while its equipment fleet size enables handling large, complex projects that smaller competitors cannot manage. The company's established relationships with major oil companies, built through decades of reliable service delivery, create switching costs and preferred vendor status. However, the moat faces meaningful limitations. The oilfield services industry remains highly commoditized in many service lines, with intense price competition during industry downturns. Cyclical demand patterns tied to volatile oil prices create periods where even differentiated services face pricing pressure. Major competitors like Schlumberger and Baker Hughes possess similar scale and technology capabilities, limiting sustainable competitive advantages. Technological disruption poses ongoing threats, as new entrants with innovative approaches to drilling and completion could potentially displace established players. The industry's gradual shift toward renewable energy also creates long-term demand uncertainty, though this transition is expected to occur over decades rather than years. The company's moat is sufficient to maintain market leadership and generate attractive returns during favorable industry conditions, but provides limited protection during severe downturns or major technological shifts.
Risks & safety
Halliburton demonstrates solid financial stability with manageable debt levels and strong cash generation, though cyclical industry exposure creates some risk. **Liquidity and Solvency:** - Cash and short-term investments: $1.8 billion (Q1 2025) - Current ratio: 1.98, indicating adequate short-term liquidity - Debt-to-equity ratio: 0.83, representing moderate leverage - Strong free cash flow generation: $2.4 billion in 2024 - No immediate solvency concerns with manageable debt service requirements **Valuation Metrics:** - Price-to-earnings ratio: 26.9 (Q1 2025), elevated due to cyclical earnings trough - EV/EBITDA: 10.4, reasonable for current cycle position - Price-to-book ratio: 2.1, reflecting asset quality and market position - Graham number suggests potential undervaluation at current levels **Other Considerations:** - Cyclical industry exposure creates earnings volatility risk - Strong balance sheet provides flexibility during downturns - Consistent dividend payments and share buyback program demonstrate capital discipline - Geographic diversification reduces concentration risk
Recent development
Over the past several years, Halliburton has executed a strategic transformation focused on technology leadership and operational efficiency while adapting to changing industry dynamics. The company's most significant development has been the rollout of its Zeus electric fracturing platform, which now comprises approximately 50% of its North American fracturing fleet. This technology reduces fuel costs, lowers emissions, and improves operational efficiency compared to traditional diesel-powered equipment. Complementing Zeus, Halliburton introduced Octiv Auto Frac, an autonomous fracturing system that reduces human intervention and improves precision in well completion operations. In drilling services, the company expanded its iCruise rotary steerable system, which enables more precise directional drilling and faster drilling speeds. The integration of artificial intelligence and machine learning through digital platforms has enhanced subsurface insights and operational optimization for customers. International expansion has been a key strategic focus, with the company targeting growth in unconventional plays in Saudi Arabia and Argentina, artificial lift services, and well intervention technologies. Management has identified four primary growth engines: drilling technology, unconventionals, well intervention, and artificial lift, with potential to generate $2.5-3 billion in additional annual revenue over the next 3-5 years. The company has also emphasized capital discipline and shareholder returns, consistently returning over 50% of free cash flow to shareholders through dividends and share buybacks. Recent acquisitions like Optime Subsea for deepwater intervention capabilities demonstrate selective expansion in high-value service areas. Operational resilience improvements include diversifying the customer base, increasing the percentage of equipment under term contracts, and investing in cybersecurity infrastructure following a 2024 security incident that had minimal financial impact.
HAL company profile · for informational purposes only — not investment advice.
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