Halliburton Company is one of the world's largest providers of products and services to the energy industry, operating in more than 70 countries. The company is organized into two main operating segments: Completion and Production, and Drilling and Evaluation. Halliburton offers a wide range of services and products, including cementing, stimulation, specialty chemicals, field and reservoir modeling, and precise wellbore placement solutions . In 2023, the Completion and Production segment significantly contributed to the company's revenue, with a reported increase of 18% compared to the previous year, while the Drilling and Evaluation segment saw a 7% increase in revenue . The company also focuses on sustainability and energy mix transition, aiming to reduce emissions and support clean energy initiatives .
-
Completion and Production - Provides services such as cementing, stimulation, specialty chemicals, intervention, pressure control, artificial lift, and completion products.
- Artificial Lift - Enhances oil recovery by lifting fluids from the well.
- Cementing - Secures and supports well casings and provides zonal isolation.
- Completion Tools - Offers tools and equipment for well completion.
- Multi-Chem - Supplies specialty chemicals for various oilfield applications.
- Pipeline & Process Services - Delivers pipeline cleaning, testing, and maintenance services.
- Production Enhancement - Improves well productivity through stimulation and other techniques.
- Production Solutions - Provides customized solutions to optimize production.
-
Drilling and Evaluation - Offers field and reservoir modeling, drilling, fluids, evaluation, and precise wellbore placement solutions.
- Baroid - Supplies drilling fluid systems and services.
- Drill Bits and Services - Designs and manufactures drill bits for various drilling applications.
- Halliburton Project Management - Manages complex oil and gas projects.
- Landmark Software and Services - Provides software solutions for reservoir management and decision-making.
- Sperry Drilling - Offers directional drilling and measurement-while-drilling services.
- Testing and Subsea - Conducts well testing and provides subsea solutions.
- Wireline and Perforating - Delivers wireline logging and perforating services for well evaluation and completion.
You might also like
| Name | Position | External Roles | Short Bio | |
|---|---|---|---|---|
Jeffrey A. Miller ExecutiveBoard | Chairman of the Board, President, and CEO | Member of American Petroleum Institute, National Petroleum Council, Greater Houston Partnership | Joined HAL in 1997; became CEO in 2017 and Chairman in 2019; extensive global energy experience and leadership in sustainability and capital efficiency. | View Report → |
Charles E. Geer, Jr. Executive | Senior Vice President and Chief Accounting Officer | None | Joined HAL in 2015; became CAO in December 2019; previously VP and Corporate Controller. | |
Eric J. Carre Executive | Executive Vice President and CFO | None | Joined HAL in 1991; became CFO in May 2022; previously EVP of Global Business Lines; extensive financial and operational expertise. | |
Jill D. Sharp Executive | Senior Vice President, Internal Assurance Services | None | Joined HAL in 2016; became SVP, Internal Assurance Services in January 2022; previously VP, Finance - Western Hemisphere. | |
Lawrence J. Pope Executive | Executive Vice President of Administration and Chief Human Resources Officer | None | Joined HAL in 2008; leads HR and administrative functions; long tenure in leadership roles at HAL. | |
Mark J. Richard Executive | President, Western Hemisphere | None | Joined HAL in 2018; became President, Western Hemisphere in February 2019; previously SVP, Northern U.S. Region. | |
Shannon Slocum Executive | President, Eastern Hemisphere | None | Joined HAL in 2018; became President, Eastern Hemisphere in March 2023; previously SVP, Global Business Development and Marketing. | |
Timothy M. McKeon Executive | Senior Vice President and Treasurer | None | Joined HAL in 2014; became SVP and Treasurer in January 2022; previously VP and Treasurer. | |
Van H. Beckwith Executive | Executive Vice President, Secretary, and Chief Legal Officer | None | Joined HAL in 2020; previously a partner at Baker Botts L.L.P.; became CLO in December 2020. | |
Abdulaziz F. Al Khayyal Board | Director | Director at Marathon Petroleum Corporation, National Gas & Industrialization Company, International Youth Foundation | Director at HAL since 2014; retired from Saudi Aramco after 33 years; extensive energy industry experience. | |
Alan M. Bennett Board | Director | Director at Fluor Corporation, Director at TJX Companies | Director at HAL since 2006; CPA with extensive accounting and finance expertise; Chair of Audit Committee. | |
Bhavesh V. Patel Board | Director | President of Standard Industries, Director at Houston Branch of Federal Reserve of Dallas | Director at HAL since 2021; former CEO of LyondellBasell; expertise in global operations and sustainability. | |
Earl M. Cummings Board | Director | Independent Chair of CenterPoint Energy, Board Member at Texas Southern University, Texas Children’s Hospital | Director at HAL since 2022; expertise in IT solutions, entrepreneurship, and capital markets. | |
Janet L. Weiss Board | Director | Director at Tourmaline Oil Corp., Director at First National Bank Alaska, Director at Northwest University | Director at HAL since 2023; former President of BP Alaska; expertise in HSE and strategic planning. | |
M. Katherine Banks Board | Director | Director at Peabody Energy, Board Member at Triad National Security | Director at HAL since 2019; former President of Texas A&M University; expertise in engineering and sustainability. | |
Maurice S. Smith Board | Director | CEO of Health Care Service Corporation, Chairman of Prime Therapeutics, Director at Ventas Corporation | Director at HAL since 2023; extensive leadership in health care and corporate strategy. | |
Murry S. Gerber Board | Director | Director at BlackRock, Director at U.S. Steel, Trustee at Pittsburgh Cultural Trust | Director at HAL since 2012; former CEO of EQT Corporation; expertise in energy and corporate governance. | |
Robert A. Malone Board | Lead Independent Director | Non-Executive Chairman of Peabody Energy, Director at Teledyne Technologies | Director at HAL since 2009; former Chairman and President of BP America; expertise in crisis management and energy. | |
William E. Albrecht Board | Director | President of Moncrief Energy, Chairman of Vital Energy, Director at Terra Energy Partners | Director at HAL since 2016; over 40 years of oil and gas industry experience; expertise in M&A and corporate strategy. |
-
Despite your guidance of international growth in the low to mid-single digits next year, how do you plan to accelerate growth beyond market rates to meet investor expectations, especially after acknowledging that full-year revenue growth will be below prior guidance?
-
Given the 9% year-over-year decline in North America revenue and a full-year revenue decline expected at the low end of prior guidance, what specific strategies will you implement to reverse this trend and improve competitiveness in the North American market amid ongoing challenges?
-
The August cybersecurity event negatively impacted your adjusted earnings by $0.02 per share and affected free cash flow due to delayed billing and collections; what comprehensive measures are you taking to enhance your cybersecurity infrastructure to prevent future incidents that could affect your financial performance?
-
As competition intensifies in your core international business lines like cementing, completion tools, and drilling fluids, how do you plan to maintain or grow your market share, and what innovative solutions are you offering to differentiate yourself in these mature markets?
-
With plans for over 50% of your active fleet to be Zeus fleets next year, what potential risks do you foresee regarding customer adoption, technological integration, or supply chain constraints that could hinder the deployment of the Zeus platform, and how might these challenges affect your operational and financial goals?
Research analysts who have asked questions during HALLIBURTON earnings calls.
Arun Jayaram
JPMorgan Chase & Co.
5 questions for HAL
Roger Read
Wells Fargo & Company
5 questions for HAL
Saurabh Pant
Bank of America
5 questions for HAL
Neil Mehta
Goldman Sachs
4 questions for HAL
Stephen Gengaro
Stifel Financial Corp.
4 questions for HAL
Derek Podhaizer
Piper Sandler Companies
3 questions for HAL
Scott Gruber
Citigroup
3 questions for HAL
Doug Becker
Capital One
2 questions for HAL
Douglas Becker
Capital One
2 questions for HAL
J. David Anderson
Barclays
2 questions for HAL
Kurt Hallead
The Benchmark Company
2 questions for HAL
Marc Bianchi
TD Cowen
2 questions for HAL
Dave Anderson
Barclays
1 question for HAL
David Anderson
Barclays PLC
1 question for HAL
James West
Evercore ISI
1 question for HAL
John Anderson
Barclays
1 question for HAL
| Customer | Relationship | Segment | Details |
|---|---|---|---|
Primary Customer in Mexico | Experienced payment delays, but amounts are not in dispute | All | Accounts receivable was 8% of total receivables as of Dec 31, 2024 , and 6% as of Dec 31, 2023. Historically, no material write-offs. |
Recent press releases and 8-K filings for HAL.
- On August 18, 2025, Halliburton entered into a US$3.5 billion, five-year revolving credit agreement with Citibank, N.A. as administrative agent, maturing on August 16, 2030, for general working capital purposes.
- The new 2025 Credit Agreement replaces and terminates Halliburton’s prior US$3.5 billion revolving credit facility dated April 27, 2022, which was ended on August 18, 2025.
- The facility contains customary affirmative and negative covenants and events of default typical for a credit agreement of this nature.
- DISA Technologies secured $30 million in Series A2 financing—$23 million primary and $7 million secondary—to advance commercial deployment of its HPSA technology.
- The round was led by Evok Innovations with strategic investment from Constellation Technology Ventures, alongside Valor Equity Partners, Veriten, and existing support from Halliburton Labs.
- DISA’s patented High-Pressure Slurry Ablation (HPSA) technology targets critical mineral grade improvement and recovery from mined ore, plus remediation of abandoned uranium mine waste by recycling uranium and vanadium.
- Following a 2023 EPA Treatability Study, DISA signed an MOU with the Navajo Nation EPA for a Phase 2 commercial demonstration and had its NRC Service Providers License application accepted for review in April 2025, with a decision expected by September.
- Halliburton will provide completions and downhole monitoring services for the Northern Endurance Partnership carbon capture and storage system in England’s East Coast Cluster.
- The majority of equipment will be manufactured and delivered from its Arbroath, U.K. facility, which has supported North Sea operations for over 50 years.
- NEP infrastructure includes a CO₂ gathering network, onshore compression facilities, a 145-km offshore pipeline, and subsea injection and monitoring systems for the Endurance saline aquifer.
- The project is designed to transport and permanently store up to 4 million tonnes per year of CO₂; NEP is a joint venture of bp, Equinor, and TotalEnergies, formed in 2020.
- Q2 revenue of $5.50 B (up 2% sequentially) and EPS of $0.55, with operating income $727 M (13% margin) and free cash flow of $582 M; repurchased ~$250 M of common stock.
- Completion & Production: revenue $3.20 B (+2%), operating income $513 M (–3%), margin 16%; Drilling & Evaluation: revenue $2.30 B (+2%), operating income $312 M (–11%), margin 13%.
- Geographic mix: International revenue $3.30 B (+2%) driven by Latin America (+9%) and EMEA (+6%), offset by Middle East Asia (–4%); North America flat at $2.30 B.
- Q3 guidance: C&P revenue down 1–3% with margins –150 to –200 bps; D&E revenue down 1–3% with margins +125 to +175 bps; capex expected at 6% of revenue, corporate expense +$5 M, effective tax ~23.5%.
- Market outlook: Halliburton sees near-term softness from North America schedule gaps and international activity cuts (notably Saudi Arabia and Mexico) and will reduce costs, avoid uneconomic equipment use, and focus on technology-driven returns (Zeus IQ deployment).
- Halliburton and PETRONAS Carigali will deploy DecisionSpace 365 Geosciences Suite and Unified Ensemble Modeling to unify exploration and development workflows, accelerate time to first oil, and improve reserve estimates.
- The partnership uses AI-assisted ensemble workflows and real-time reservoir flow data on a single live-earth model to enhance forecast precision and operational efficiency.
- Financial analysis from 25 analysts sets a one-year Halliburton target price of $29.40 (31.98% upside), while GuruFocus’s GF Value of $36.49 implies a 63.78% upside from current levels.
- Closed-loop feedback system developed jointly by Halliburton and Chevron optimizes fracturing operations autonomously in Colorado based on real-time subsurface data.
- Integrates Halliburton’s ZEUS IQ platform—including OCTIV auto frac and Sensori monitoring—with Chevron’s proprietary algorithms for dynamic stage execution.
- Delivers enhanced fracture complexity, reservoir contact, and hydrocarbon recovery while reducing fluid use, emissions, and surface impact, with scalability across North America and potentially globally.
- Halliburton VP Shawn Stasiuk highlights the platform’s field-level digital environment for accelerated experimentation and optimization.
- Total revenue reached $5.4 billion with an adjusted operating margin of 14.5%, reflecting a challenging yet controlled market environment .
- Net income was $204 million ($0.24 per diluted share) with an adjusted net income of $517 million ($0.60 per diluted share), marking a decline versus Q1 2024 .
- Revenue breakdown included $3.1 billion in Completion and Production and $2.3 billion in Drilling and Evaluation, with international activity affected by lower levels in Mexico and a 12% drop in North American revenue .
- The company executed approximately $250 million in share repurchases, underpinned by solid cash flow and proactive capital allocation .
- Strategic initiatives such as deploying the Zeus IQ closed-loop autonomous frac system and securing significant international contracts position Halliburton for future growth despite market uncertainty .