Halliburton (HAL)
Provides drilling, completion, production, and digital services across the oil and gas well lifecycle.
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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
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Sep 14, 2026 | UBS | Reiterate | Rating: —Target: $39 | Target: $42 |
| Jul 27, 2026 | UBS | Reiterate | Rating: —Target: $40 | Target: $39 |
| Jul 23, 2026 | Argus Research | Reiterate | Rating: —Target: $32 | Target: $40 |
| Jul 22, 2026 | BMO Capital | Target | Target: $39 | Target: $37 |
| Jul 22, 2026 | Evercore ISI | Reiterate | Rating: —Target: $36 | Target: $43 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $2.05B · Total debt $8.20B · Total assets $25.83B · Shareholders' equity $11.01B
- Revenue
- $5.71B
- Operating income
- $778.0M
- Net income
- $534.0M
HistoryDividendAnnual yield
| Institutions | ≈ 83.85% | 698.56M shares | |
|---|---|---|---|
| 1,279 holders · as of Jun 30, 2026 · largest filers plus last quarter's tail | |||
| Insiders | 3.94% | 32.85M shares | |
| 19 holders · as of Sep 1, 2026 | |||
| Other | ≈ 12.21% | 101.73M shares | |
| remainder | |||
833.13M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
This quarter's institutional total failed a plausibility check; shown: the largest filers plus last quarter's remainder.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
BlackRock, Inc.Institution | 9.94% | 82.84M | as of Jun 30, 2026 |
State Street CorpInstitution | 6.83% | 56.87M | as of Jun 30, 2026 |
Vanguard Capital Management LLCInstitution | 6.23% | 51.87M | as of Jun 30, 2026 |
Vanguard Portfolio Management LLCInstitution | 4.81% | 40.08M | as of Jun 30, 2026 |
Page 2. Of 5. PagesInsider | 3.52% | 29.34M | filed Feb 11, 2021 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 31, 2026 | Eric Carre | officer: EVP & Chief Financial Officer | −24,777 | $37.50 |
| 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 |
- 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.
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Halliburton | $32.90 | −1.47% | $27.89B | 17.5 | 13.0 | 1.2 | +3.7% |
| SLB | $52.28 | +1.00% | $76.82B | 25.2 | 18.4 | 2.1 | +5.0% |
| Baker Hughes | $56.94 | −1.54% | $57.41B | 18.6 | 21.2 | 2.1 | −2.4% |
| Liberty Energy | $18.55 | −1.59% | $3.08B | 25.4 | 375.5 | 0.7 | +14.0% |
| Weatherford International | $84.86 | +3.24% | $5.89B | 16.2 | 14.0 | 1.2 | −8.2% |
| NOV | $20.35 | +0.99% | $7.18B | 77.5 | 19.1 | 0.8 | −2.5% |
| ProPetro | $10.23 | +0.69% | $1.25B | — | 59.9 | 1.1 | −6.2% |
| Median | 25.2 | 20.2 | 1.2 | −2.5% |