Halliburton Company (HAL)

Halliburton's stock has experienced fluctuations over the past six months. In Q1 2025, revenue and operating income decreased due to impairments, with North American and Latin American revenue declining. Q2 2025 showed adjusted net income per share of $0.55, with revenues at $5.5 billion, a 5.5% year-over-year decrease. Despite an 18.33% decrease in stock price over the last 12 months, it trended up by 8.58% in the past six months, with a share price of $24.90 as of October 1, 2025. Analyst sentiment indicates a "Moderate Buy" consensus, and the company announced a quarterly dividend of $0.17 per share. Halliburton secured contracts, including one from ConocoPhillips and another for carbon capture monitoring. The broader oil and gas industry has seen job cuts, impacting oilfield service providers, and revenues are projected to dip by 0.6% in 2025.

Demand for Halliburton's products and services is influenced by seasonal patterns and industry trends. First-quarter earnings are typically impacted by seasonal declines and weather-related issues. Winter months generally see increased demand for heating oil and natural gas, while summer can bring a "summer slump" for oil companies. Offshore drilling operations are susceptible to disruptions from tropical weather systems. Halliburton's CEO projects continued demand for oil and gas services beyond 2024, with strong tailwinds expected in 2024, driven by global economic growth and energy security concerns.

Halliburton is a global leader providing products and services to the energy industry across the lifecycle of oil and gas reservoirs, operating through Completion and Production, and Drilling and Evaluation segments. The Completion and Production segment offers services like hydraulic fracturing and cementing, while the Drilling and Evaluation segment provides solutions for field modeling and wellbore placement. Key product service lines include Baroid, drill bits and services, Landmark software and services, Sperry drilling, and wireline and perforating.

Halliburton has dual headquarters in Houston, Texas, and Dubai, UAE, with operations worldwide. North America is its largest revenue-generating region, accounting for 41.95% of its total revenue in fiscal year 2024. Other major regions include the Middle East/Asia (26.61%), Latin America (18.35%), and Europe/Africa/CIS (13.09%). The company has production facilities in the U.S., Malaysia, Singapore, and the U.K.

Halliburton was assigned a "Medium Risk" ESG rating by Sustainalytics, with a "Highest Controversy Level" as of September 8, 2025. Halliburton's sustainability report for 2024 highlights its commitment to reducing Scope 1 and 2 emissions by 40% by 2035. Historically, Halliburton has faced criticism and controversies, including a bribery case in Nigeria, its involvement in the Iraq War, the Deepwater Horizon incident, and issues related to the transparency of chemicals used in hydraulic fracturing.

Halliburton is primarily owned by institutional investors, holding approximately 86.61% of the company's shares. Individual investors own about 12.48%, and insiders hold 0.91%. The largest institutional shareholders include Vanguard Group Inc, BlackRock, Inc., State Street Corp, and Capital Research Global Investors. Vanguard Group Inc. is the largest individual shareholder, owning 105.36 million shares, representing 12.36% of the company.