Halliburton is North America's largest oilfield-services company as measured by market share. Despite industry fragmentation, it holds a leading position in the hydraulic fracturing and completions market, which makes up nearly half of its revenue. It also holds strong positions in other service offerings like drilling and completions fluids, which leverages its expertise in material science, as well as the directional drilling market. While we consider SLB the global leader in reservoir evaluation, we think Halliburton leads in any activity from the reservoir to the wellbore. Halliburton's innovations have helped multiple producers lower their development costs per barrel of oil equivalent, with techniques that have been honed over a century of operations.
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The chart shows the growth of an initial investment of $10,000 in Halliburton Company, comparing it to the performance of the S&P 500 index.
All prices have been adjusted for splits and dividends.
Halliburton Company (HAL) has returned 34.69% so far this year and 97.98% over the past 12 months. Looking at the last ten years, HAL has achieved an annualized return of 0.91%, underperforming the Benchmark (SPY), which averaged 12.23% per year.
The table below presents the monthly returns of Halliburton Company (HAL) with color gradation from worst to best to easily spot seasonal factors.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 18.28% | 10.06% | 5.31% | -0.78% | ||||||||
| 2025 | -6.47% | 2.65% | -4.34% | -21.50% | -1.26% | 1.34% | 10.34% | 2.66% | 8.51% | 9.15% | -2.05% | 7.78% |
| 2024 | -2.28% | -2.23% | 11.10% | -5.43% | -1.87% | -7.96% | 2.12% | -9.75% | -4.82% | -3.73% | 13.95% | -14.84% |
| 2023 | 5.80% | -11.29% | -12.81% | -2.24% | -11.08% | 14.83% | 17.71% | -0.46% | 2.84% | -2.67% | -6.47% | -2.48% |
| 2022 | 32.84% | 10.08% | 11.45% | -6.21% | 14.83% | -23.42% | -7.10% | 5.53% | -16.40% | 40.13% | 1.85% | 2.34% |
| 2021 | -8.27% | 21.14% | -3.90% | -9.70% | 11.53% | 0.52% | -13.65% | -3.48% | 8.26% | 14.42% | -14.63% | 2.79% |
| 2020 | -11.66% | -22.24% | -60.29% | 58.85% | 15.42% | 10.09% | 8.64% | 12.91% | -24.36% | 1.69% | 34.33% | 9.63% |
| 2019 | 20.11% | -2.57% | -5.15% | -4.39% | -24.96% | 6.51% | -1.12% | -17.04% | 3.57% | 1.32% | 8.08% | 15.97% |
| 2018 | 9.77% | -13.44% | 2.20% | 13.49% | -5.55% | -9.88% | -5.48% | -5.00% | 1.53% | -14.83% | -9.94% | -17.84% |
| 2017 | 2.93% | -6.51% | -8.82% | -7.24% | -1.63% | -5.72% | -1.16% | -8.31% | 18.06% | -5.51% | -3.17% | 16.72% |
| 2016 | 17.79% | 1.57% | 8.35% | -3.41% | -0.94% | 4.35% | 1.97% | 14.49% | 0.02% |
The charts below present risk-adjusted performance metrics for Halliburton Company (HAL) and compare them to a Benchmark (SPY). These indicators evaluate an investment's returns against its associated risks.
The Sharpe ratio helps investors understand how much return they're getting for the level of risk taken. A higher Sharpe ratio indicates better risk-adjusted performance, meaning more reward for each unit of risk.
These values reflect how efficiently the investment has delivered returns relative to its volatility over different time periods. All figures are annualized and based on daily total returns.
The chart below shows the rolling Sharpe ratio of HAL compared to the benchmark. This view highlights how the investment's risk-adjusted performance has changed over time.
The current Halliburton Company volatility is 2.16%, representing the standart deviation of percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.
The Drawdowns chart displays portfolio losses from any high point along the way. It shows the maximum percentage drop from a peak to a trough over a specified period, indicating the risk of significant losses.
Although chart shows positive values, it represents the percentage drop from the peak, so a value of 10% means the portfolio has dropped 10% from its highest point.
The income statement provides a summary of a company's revenues, expenses, and profits over a specific period. It shows how much money the company earned (revenues) and how much it spent (expenses), leading to the net income or profit. This statement is crucial for understanding a company's financial performance and profitability.
| 2025 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2009 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Liabilities And Equity (USD) | 25.01B | 24.68B | 23.26B | 22.32B | 20.68B | 25.38B | 25.98B | 25.09B | 27.00B | 36.94B | 32.24B | 29.22B | 27.41B | 23.68B | 16.54B |
| Equity Attributable To Parent (USD) | 10.46B | 9.39B | 7.95B | 6.71B | 4.97B | 8.01B | 9.52B | 8.32B | 9.41B | 15.46B | 16.27B | 13.58B | 15.77B | 13.20B | 8.73B |
| Equity Attributable To Noncontrolling Interest (USD) | 44.00M | 42.00M | 29.00M | 15.00M | 9.00M | 13.00M | 22.00M | 27.00M | 39.00M | 33.00M | 31.00M | 34.00M | 25.00M | 18.00M | 29.00M |
| Equity (USD) | 10.51B | 9.43B | 7.98B | 6.73B | 4.98B | 8.03B | 9.54B | 8.35B | 9.45B | 15.50B | 16.30B | 13.62B | 15.79B | 13.22B | 8.76B |
| Other Non-current Liabilities (USD) | 1.76B | - | - | - | - | - | - | - | - | 742.00M | - | - | - | - | - |
| Long-term Debt (USD) | 7.16B | - | - | - | - | - | - | - | - | 15.35B | - | - | - | - | - |
| Noncurrent Liabilities (USD) | 8.92B | 9.64B | 9.93B | 11.29B | 11.28B | 12.47B | 11.64B | 11.87B | 13.53B | 16.09B | 10.06B | 10.58B | 6.87B | 6.34B | 4.89B |
| Other Current Liabilities (USD) | 1.69B | 1.77B | 1.59B | 1.46B | 2.33B | 1.84B | 1.07B | 1.56B | 1.72B | 2.50B | 2.04B | 1.63B | 1.78B | 1.43B | 1.59B |
| Wages (USD) | 767.00M | 689.00M | 634.00M | 493.00M | 517.00M | 604.00M | 714.00M | 746.00M | 544.00M | 838.00M | 1.03B | 1.03B | 930.00M | 862.00M | 514.00M |
| Accounts Payable (USD) | 3.13B | 3.15B | 3.12B | 2.35B | 1.57B | 2.43B | 3.02B | 2.55B | 1.76B | 2.02B | 2.81B | 2.37B | 2.04B | 1.83B | 787.00M |
| Current Liabilities (USD) | 5.59B | 5.61B | 5.35B | 4.31B | 4.42B | 4.88B | 4.80B | 4.86B | 4.02B | 5.36B | 5.88B | 5.03B | 4.75B | 4.12B | 2.89B |
| Liabilities (USD) | 14.51B | 15.25B | 15.28B | 15.59B | 15.70B | 17.35B | 16.44B | 16.74B | 17.55B | 21.45B | 15.94B | 15.61B | 11.62B | 10.46B | 7.78B |
| Other Non-current Assets (USD) | 8.35B | 8.24B | 7.96B | 8.05B | 6.88B | 6.86B | 5.87B | 5.79B | 6.79B | 4.42B | 4.70B | 4.20B | 4.07B | 3.61B | 2.14B |
| Fixed Assets (USD) | 5.26B | 4.90B | 4.35B | 4.33B | 4.33B | 7.31B | 8.96B | 8.52B | 8.53B | 10.91B | 12.48B | 11.32B | 10.26B | 8.49B | 5.76B |
| Noncurrent Assets (USD) | 13.61B | 13.14B | 12.30B | 12.38B | 11.21B | 14.17B | 14.83B | 14.31B | 15.32B | 15.33B | 17.17B | 15.52B | 14.32B | 12.10B | 7.90B |
| Other Current Assets (USD) | 3.48B | 3.46B | 3.40B | 3.92B | 4.06B | 3.50B | 2.89B | 3.35B | 5.48B | 12.82B | 3.28B | 3.48B | 4.11B | 3.92B | 4.08B |
| Prepaid Expenses (USD) | - | - | - | - | - | - | - | - | - | 1.05B | 658.00M | 737.00M | - | - | - |
| Inventory (USD) | 2.98B | 3.23B | 2.92B | 2.36B | 2.35B | 3.14B | 3.03B | 2.40B | 2.28B | 2.42B | 3.57B | 3.31B | 3.19B | 2.57B | 1.60B |
| Accounts Receivable (USD) | 4.94B | 4.86B | 4.63B | 3.67B | 3.07B | 4.58B | 5.23B | 5.04B | 3.92B | 5.32B | 7.56B | 6.18B | 5.79B | 5.08B | 2.96B |
| Current Assets (USD) | 11.40B | 11.54B | 10.95B | 9.94B | 9.48B | 11.21B | 11.15B | 10.78B | 11.68B | 21.61B | 15.07B | 13.70B | 13.09B | 11.58B | 8.64B |
| Assets (USD) | 25.01B | 24.68B | 23.26B | 22.32B | 20.68B | 25.38B | 25.98B | 25.09B | 27.00B | 36.94B | 32.24B | 29.22B | 27.41B | 23.68B | 16.54B |
Halliburton announced the acquisition of Sekal AS, a digital drilling automation firm owned by Sumitomo Corporation, to expand its automation capabilities and integrate drilling technologies. The deal aims to reduce well delivery times by up to 25%. Despite the strategic acquisition, Halliburton shares fell 2.06% on Wednesday, though the stock maintains bullish technical momentum with a Buy rating and average price target of $36.13.
Halliburton announced the industry's first fully automated geological well placement offshore in Guyana in collaboration with Exxon Mobil, Sekal, and Noble. The closed-loop drilling system achieved a 15% improvement in completion time and 33% reduction in tripping operations. The stock outperformed its sector, gaining 1.86% versus the Energy sector's 0.28%, though the broader Energy sector remains the worst-performing sector overall.
The global oil and gas wells drilling services market is projected to grow from $53.42 billion in 2026 to $61.38 billion by 2030, with a CAGR of 3.5%. Growth is driven by unconventional resource development, offshore expansion, and technological advancements including directional drilling and automation. Major players are investing in innovations like advanced diagnostics and wellbore placement solutions to enhance operational efficiency.
Exxon Mobil and energy stocks surged on March 2, 2026, as escalating U.S.-Iran military conflict near the Strait of Hormuz sent crude oil prices sharply higher. Brent crude jumped 13% to $82.37/barrel and WTI climbed over 12% to $75.33, with analysts warning prices could reach $100+ if disruptions persist. Exxon rose 5.9% in premarket trading, benefiting from its low-cost upstream operations in the Permian Basin and Guyana, while the broader S&P 500 fell 1-1.5% as energy stocks served as a geopolitical hedge.
Halliburton announced a memorandum of understanding with Indonesia's PT Pertamina to deploy advanced well construction and stimulation technologies to revitalize mature oil fields. The partnership aims to increase Indonesia's energy supply through unconventional completions. Halliburton recently reported strong Q4 earnings with adjusted EPS of 69 cents exceeding analyst expectations of 55 cents, and analysts raised price targets. HAL shares were down 0.60% in premarket trading at $34.90, near its 52-week high.
The Distributed Fibre Optic Sensing (DFOS) market is projected to exceed $1.62 billion in 2026, driven by rapid adoption in energy infrastructure for continuous pipeline and asset integrity monitoring. While DFOS offers significant operational savings and risk reduction, high upfront capital costs, complex deployment logistics, and long lead times are limiting rapid market expansion. US trade tariffs on optical fibre products are adding pressure, prompting companies to pursue local manufacturing and supply chain diversification strategies.
Oil prices surged following President Trump's escalatory rhetoric toward Iran, with WTI crude rising to nearly $63/barrel and Brent crude reaching $68/barrel. Geopolitical tensions over the Strait of Hormuz, combined with U.S. supply disruptions from winter weather and a weaker dollar, drove the rally. Energy stocks significantly outperformed, with the XLE ETF up 11% this month, marking the sector's best performance since late 2022.
The global Oil and Gas Production Monitoring Software Market is expected to expand at a 9.19% CAGR from 2025 to 2031, driven by Industrial IoT, AI adoption, and environmental regulations. However, integration challenges with legacy systems and cybersecurity concerns pose significant obstacles to widespread adoption.
Halliburton has beaten earnings expectations consistently and returned to growth in Q4 2025, driven by strength in critical segments. The company is committed to shareholder returns through aggressive buybacks and dividends, with institutions owning over 85% of shares and buying on balance throughout 2025. Analysts expect the stock could advance to the $44 range relatively quickly, potentially setting fresh eight-year highs by mid-2026.
Halliburton faces multiple geopolitical catalysts over the next six months that could significantly impact its stock performance. Venezuela's potential reopening to international oil investment presents a major upside opportunity, while Iran's instability and OPEC+ production decisions create volatility. The company beat Q4 2025 earnings but faces headwinds from global oversupply. The analyst assigns 60% probability to a base case of range-bound trading, 20% to bullish alignment of catalysts, and 20% to bearish oversupply scenarios.