Halliburton Company (HAL)

Over the past six months (January 2025 - June 2025), Halliburton Co.'s stock price has experienced a significant decline, underperforming the S&P 500 Index. The share price decreased by approximately 23.22% to 26.53% during this period. A notable event impacting the stock was the Q4 2024 earnings release on January 22, 2025, where the company reported a slight revenue miss, leading to a 4.13% decline in pre-market trading. The stock has also shown a year-to-date return of -24.33% to -26.74%.

Demand for Halliburton's products and services is closely tied to trends in oil and natural gas prices and the capital spending of oil and gas companies. The company experiences seasonality, particularly in its North American operations, where revenues can be affected by seasonal downturns and customer budget exhaustion. Halliburton's strong global reach and international deals help to diversify its revenue base and stabilize income, making its earnings less seasonal overall.

Halliburton Co. operates within the Industrial Services sector, specifically in the Oilfield Services/Equipment industry. The company's business is structured around 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. The Drilling and Evaluation segment provides solutions for modeling, measuring, drilling, and optimizing well construction activities.

Halliburton maintains an extensive global presence, operating in over 70 countries. In Q4 2024, international markets accounted for 60% of its total revenue, while North America contributed 40%. The company has a significant presence in the Middle East/Asia, Europe/Africa, and Latin America, with the Middle East representing 35% of Halliburton's international operations.

Halliburton has reinforced its brand through technological innovation, strategic partnerships, and a focus on sustainability. The company expanded its digital and AI offerings, engaged in collaborations with companies like PETRONAS Carigali Sdn. Bhd. and Chevron U.S.A. Inc., and introduced EarthStar 3DX. Halliburton is committed to reducing its carbon footprint and is targeting a 40% reduction in scope 1 and 2 emissions by 2035 from a 2018 baseline. No widely reported negative events significantly impacted Halliburton's brand reputation within the past year.

Halliburton Co. has a diverse ownership structure. Institutional investors hold a significant majority, with approximately 79.93% to 89% of the company's stock. Major institutional shareholders include Vanguard Group Inc., BlackRock, Inc., State Street Corp, Capital World Investors, Charles Schwab Investment Management Inc, and Geode Capital Management, Llc. Insiders own a smaller portion, around 0.44% to under 1%, while retail investors and public companies hold approximately 10% to 19.63% of the shares.