HAL — Halliburton Company
Energy · Oil & Gas Equipment & Services
About Halliburton Company
Halliburton Company provides products and services to the energy industry worldwide. It operates in two segments, Completion and Production, and Drilling and Evaluation. The Completion and Production segment offers production enhancement services that include stimulation and sand control services; cementing services, such as well bonding and casing, and casing equipment; and completion tools that offer downhole solutions and services, including well completion products and services, intelligent well completions, liner hanger systems, sand control systems, multilateral systems, and service tools. This segment also provides electrical submersible pumps, as well as artificial lift services; production solutions comprising coiled tubing, hydraulic workover units, downhole tools, and pumping and nitrogen services; pipeline and process services, such as pre-commissioning, commissioning, maintenance, and decommissioning; and specialty chemicals and services. The Drilling and Evaluation segment offers drilling fluid systems, performance additives, completion fluids, solids control, specialized testing equipment, and waste management services; drilling systems and services; wireline and perforating services consisting of open-hole logging, and cased-hole and slickline; and drill bits and services comprising roller cone bits, fixed cutter bits, hole enlargement, and related downhole tools and services, as well as coring equipment and services. This segment also provides cloud based digital services and artificial intelligence solutions on an open architecture for subsurface insights, integrated well construction, and reservoir and production management; testing and subsea services, such as acquisition and analysis of reservoir information and optimization solutions; and project management and integrated asset management services. Halliburton Company was founded in 1919 and is based in Houston, Texas.
The oilfield-services industry
Services companies sell the picks and shovels of the oil patch: drilling rigs, fracking fleets, downhole tools, subsea equipment and the engineering that goes with them. Their revenue follows what producers spend, not the oil price itself — and producer budgets react to prices with a lag, so services cycles arrive later and swing harder. The big three (SLB, Halliburton, Baker Hughes) split roughly along international versus North American exposure, and international and offshore work runs on longer contracts than the spot-driven US shale business. Read these as a bet on drilling activity: when producers open their wallets, services margins expand fast; when budgets get cut, there is nowhere to hide. Halliburton dominates North American pressure pumping — the frack fleets behind US shale output.
Key data · delayed ~15 min, as of 1 August 2026
| Ticker | HAL |
| Company | Halliburton Company |
| Price | $32.25 |
| Market cap | $26.9B |
| Sector / industry | Energy / Oil & Gas Equipment & Services |
| Analyst mean target | $44 (25 analysts, buy) |
Valuation read
What the price implies: the market is pricing in roughly ~-2%/yr earnings growth (discounted), on a reverse-DCF of forward earnings ($2.91). Run your own assumptions in the fair-value calculator.
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