Halliburton Company (HAL)

Halliburton's stock price has experienced a significant decline over the past year. Key events impacting the stock in the past six months include Q1 2025 earnings, which saw a revenue drop and a sharp fall in adjusted net income, although adjusted EPS matched expectations due to share buybacks. Q2 2025 earnings surpassed estimates, but the stock fell slightly. Halliburton engaged in strategic collaborations and secured contracts with companies like PETRONAS, Chevron, and Repsol. There was a leadership change with the announcement of a new Chief Accounting Officer. Halliburton announced a quarterly dividend of $0.17 per share and plans to return at least $1.6 billion to shareholders through dividends and share buybacks.

Demand for Halliburton's products and services is highly sensitive to the level of exploration, development, and production activity of oil and natural gas companies, which is affected by trends in oil and natural gas prices. Halliburton's financial results can be influenced by seasonal upticks in working capital. The company's management has noted uncertainty in the sector and has hinted at potential reallocation of equipment away from the North American market due to anticipated low demand for services. Halliburton is considered a cyclical stock, with its fortunes rising and falling with the broader oil and gas market.

Halliburton Co. is a global provider of products and services to the upstream oil and natural gas industry, operating in the Energy sector. The company's business is divided into two primary segments: Completion and Production, and Drilling and Evaluation. The Completion and Production segment focuses on enhancing the efficiency and productivity of oil and gas extraction and ensuring well integrity, offering services such as production enhancement, cementing, completion tools, and specialty chemicals. The Drilling and Evaluation segment provides solutions for locating hydrocarbons, managing geological data, and optimizing well construction, including drilling fluid systems, drilling systems, wireline and perforating services, drill bits, cloud-based digital services, testing and subsea services, and project management.

Halliburton operates in over 70 countries with 48,000 employees and 1,100 locations globally. In Q4 2024, international markets accounted for 60% of Halliburton's total revenue, while North America contributed 40%. The Middle East/Asia region led international growth with a 7% increase in revenue, and Europe/Africa saw a 10% increase. Conversely, North America revenue declined by 7%, and Latin America fell by 9% in Q4 2024. The company has production facilities in the US, Malaysia, Singapore, and the UK.

Halliburton's brand reputation is focused on its technological advancements, commitment to sustainability, and strong client relationships. The company has been involved in deploying next-generation subsurface modeling and reservoir management solutions and has collaborated with Chevron to enable intelligent hydraulic fracturing. Halliburton secured significant contracts, including a 5-year contract with Repsol Resources UK and a project for GeoFrame Energy's geothermal and direct lithium extraction project. Halliburton is targeting a 40% reduction in Scope 1 and 2 emissions by 2035 and received the 2024 Transformation and Organisation Performance Award. The company maintains relationships with 87% of Fortune 500 energy companies, with a high client retention rate.

Halliburton Co. is primarily owned by institutional shareholders, who hold approximately 82.73% of the company's stock, while insiders own about 0.89%, and retail investors hold around 16.38%. Vanguard Group Inc. is the largest individual shareholder, owning 12.07% of the company. Other major institutional owners include BlackRock, Inc., State Street Corp., Capital World Investors, Charles Schwab Investment Management Inc., and Geode Capital Management, Llc.