Halliburton
Provides drilling, completion, production, and digital services across the oil and gas well lifecycle.
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Profile
Sells equipment, services, chemicals, and software for drilling, completing, and producing oil and gas wells. Two segments span hydraulic fracturing and cementing through directional drilling, formation evaluation, artificial lift, and digital workflows, with demand tied to customers’ upstream spending.
Provides oilfield products, services, and software across a reservoir’s life cycle, serving major, national, and independent oil and gas producers in more than 70 countries. Completion and Production covers cementing, hydraulic fracturing and other stimulation, completion tools, artificial lift, and well intervention. Drilling and Evaluation combines drilling fluids and bits, directional drilling and wellbore placement, formation evaluation, project management, subsea testing, and Landmark software.
Links subsurface data and digital workflows with field equipment to automate drilling, cementing, and fracturing work. Operations span North America, Latin America, Europe, Africa, the CIS, the Middle East, and Asia, with most revenue generated outside the United States. Demand follows customers’ upstream exploration, development, and production spending, which is sensitive to oil and natural gas prices, regulation, trade restrictions, and geopolitical conditions.
Company facts
Key statistics
Year to date +22.2% · Average volume (30d) 11.8M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Jul 27, 2026 | UBS | Reiterate | Neutral | $40 | $39 | |
| Jul 23, 2026 | Argus Research | Reiterate | Buy | $32 | $40 | |
| Jul 22, 2026 | BMO Capital | Target | $39 | $37 | ||
| Jul 22, 2026 | Evercore ISI | Reiterate | Outperform | $36 | $43 | |
| Jul 22, 2026 | Barclays | Reiterate | Overweight | $55 | $53 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jul 21, 2026Q2 FY26 | $0.54 | $0.55 | +2.2% | $5.50B | $5.71B | +4.0% | −0.48% |
| Apr 21, 2026Q1 FY26 | $0.50 | $0.55 | +10.3% | $5.31B | $5.40B | +1.8% | +2.52% |
| Jan 21, 2026Q4 FY25 | $0.55 | $0.69 | +25.2% | $5.41B | $5.66B | +4.6% | +1.08% |
| Oct 21, 2025Q3 FY25 | $0.50 | $0.58 | +16.3% | $5.39B | $5.60B | +3.9% | +4.24% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $5.42B | $5.51B | $5.60B | $5.66B | $5.40B | $5.71B | |
| Gross profit | $879.0M | $819.0M | $856.0M | $930.0M | $790.0M | $804.0M | |
| Operating income | $431.0M | $727.0M | $356.0M | $746.0M | $679.0M | $778.0M | |
| Net income | $204.0M | $472.0M | $18.0M | $589.0M | $461.0M | $534.0M | |
| Diluted EPS | $0.24 | $0.55 | $0.02 | $0.70 | $0.55 | $0.64 | |
| Gross margin | 16.2% | 14.9% | 15.3% | 16.4% | 14.6% | 14.1% | |
| Operating margin | 8.0% | 13.2% | 6.4% | 13.2% | 12.6% | 13.6% |
Fiscal years (4-quarter sums)FY21 $15.30B · FY22 $20.30B · FY23 $23.02B · FY24 $22.94B · FY25 $22.18B
Revenue by product · Q2 FY26
Revenue by geography · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $2.05B · Total debt $8.20B · Total assets $25.83B · Shareholders' equity $11.01B
Dividends
Raised for 5 straight years — most recently to $0.17 from $0.16 in Mar 2024. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Jun 3, 2026 | Jun 3 | Jun 24 | $0.17 | |
| Mar 4, 2026 | Mar 4 | Mar 25 | $0.17 | |
| Dec 3, 2025 | Dec 3 | Dec 24 | $0.17 | |
| Sep 3, 2025 | Sep 3 | Sep 24 | $0.17 | |
| Jun 4, 2025 | Jun 4 | Jun 25 | $0.17 | |
| Mar 5, 2025 | Mar 5 | Mar 26 | $0.17 | |
| Dec 4, 2024 | Dec 4 | Dec 26 | $0.17 | |
| Sep 4, 2024 | Sep 4 | Sep 25 | $0.17 |
Ownership
Shares outstanding 835.40M · Float 829.34M · 99.3% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 82.84M | 9.92% | 13F | Aug 7, 2026 |
| State Street Corp | 56.87M | 6.81% | 13F | Aug 7, 2026 |
| Vanguard Capital Management LLC | 51.87M | 6.21% | 13F | Aug 13, 2026 |
| Vanguard Portfolio Management LLC | 40.08M | 4.80% | 13F | Aug 13, 2026 |
| Geode Capital Management, LLC | 22.49M | 2.69% | 13F | Aug 12, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 19, 2026 | Jeffrey Shannon Slocum | director, officer: Director, EVP and COO | −52,572 | $35.09 |
| Aug 18, 2026 | Jeffrey Allen Miller | director, officer: Director, President & CEO | −124,483 | $35.00 |
| Aug 18, 2026 | Jeffrey Shannon Slocum | director, officer: Director, EVP and COO | −16,121 | $35.08 |
| Jun 18, 2026 | Eric Carre | officer: EVP & Chief Financial Officer | −24,778 | $35.89 |
| May 15, 2026 | Van H. Beckwith | officer: EVP, Secretary and CLO | −198,349 | $41.29 |
Peers
- SLB
No. 1 OFS globally; full service-line overlap and digital platform rivalry.
- Baker Hughes
Original $34.6B merger target; overlaps every HAL service line globally.
- Liberty Energy
No. 2 North American pressure pumper; Zeus e-frac vs digiFrac rivalry.
- Weatherford International
Mid-tier OFS rival in drilling, intervention, and artificial lift.
- NOV
Independent downhole tool supplier competing on RSS, MWD/LWD, drill bits.
- ProPetro
Permian pure-play pressure pumper contesting HAL completions contracts.
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Halliburton | $36.73 | +1.53% | $30.22B | 18.9 | 14.3 | 1.4 | +3.7% |
| SLB | $57.61 | +0.50% | $85.09B | 28.0 | 20.2 | 2.3 | +5.0% |
| Baker Hughes | $62.78 | +0.60% | $61.95B | 20.1 | 23.4 | 2.2 | −2.4% |
| Liberty Energy | $19.12 | +0.47% | $3.10B | 25.6 | 289.3 | 0.7 | +14.0% |
| Weatherford International | $93.79 | +0.01% | $6.72B | 18.5 | 15.3 | 1.4 | −8.2% |
| NOV | $20.79 | −0.91% | $7.48B | 80.7 | 19.8 | 0.9 | −2.5% |
| ProPetro | $10.81 | −1.59% | $1.35B | — | 57.2 | 1.2 | −6.2% |
| Median | 25.6 | 21.8 | 1.3 | −2.5% |