Halliburton Co.

Halliburton Co.

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Market Cap$27.87B
Close$

Compare to Similar Companies

P/E RatioDividendsReturn on EquityPrice-to-SalesDebt-to-Equity
Halliburton Co.Halliburton Co.17.52.04%15%1.20.7

Earnings Call Q2 2026

July 21, 2026 - AI Summary

Q2 headline performance (good): strong cash generation + margin - Total company revenue $5.7B (+6% YoY); adjusted operating margin 12%. - International revenue $3.4B (+6% YoY) (reported as highest Q2 in >10 years). - North America revenue $2.3B flat YoY; sequential improvement noted. - Cash flow from operations $824M and free cash flow $668M; repurchased ~$200M of common stock. - Financial results by division: Completion & Production (C&P) revenue $3.2B (+6% YoY), operating income margin 15%; Drilling & Evaluation (D&E) revenue $2.5B (+5% YoY), operating margin 13%.
International strength despite Middle East disruption (good + surprising): record-like momentum - Leadership emphasized international as outperforming broadly, including Europe/Africa up sharply sequentially (e.g., Europe Africa revenue $1.0B, +19% sequentially). - Middle East remains the key drag but is described as recovering from conflict flows with pockets of disruption (e.g., Iraq, Bahrain), and offshore activity increasing though not yet pre-conflict levels. - Investors highlight: management repeatedly stressed they are winning work that will be executed even if the pace of recovery is fluid.
Operational / technology-driven growth engines (opportunity): closed-loop automation + scale - Multiple technology/automation wins were cited as growth drivers: - Octave automation pumping controls first offshore implementation (North Sea STEM vessel). - SikAl + Logix integrated closed-loop drilling solution; example: back-to-back record wells for Aker BP. - Zeus IQ deployment in North America for improved near-well/cross-well measurements and tighter treatment control. - International unconventionals: Algeria (Sonatrac) first unconventional award, Argentina Zeus fleet mobilized for expected start-up in Q4. - Strategic theme: compete on technology and engineered collaboration, not “horsepower,” and use global scale to drive returns and margin expansion.

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$42.50

Target Price by Analysts

36.1% upsideHalliburton Target Price DetailsTarget Price
$57.94

Current Fair Value

85.5% upside

Undervalued by 85.5% based on the discounted cash flow analysis.

Share Statistics

Market cap$27.87 Billion
Enterprise Value$34.02 Billion
Dividend Yield$0.68 (2.04%)
Earnings per Share$1.51
Beta0.73
Outstanding Shares836,000,000

Return

Return on Equity14.55%ROE
Return on Assets6.20%
Return on Invested Capital11.99%

Valuation & Multiples

P/E Ratio17.46P/E Ratio
PEG132.88PEG
Price to Sales1.2Price to Sales
Price to Book Ratio2.4Price to Book Ratio
Enterprise Value to Revenue1.52
Enterprise Value to EBIT14.23
Enterprise Value to Net Income21
Total Debt to Enterprise0.24
Debt to Equity0.74Debt to Equity

Revenue Sources

No data

Insider Trades

Last Earnings Call

Report Date
July 28, 2026
EPS Estimate
$0.54
Average shareholder expectation
Revenue Estimate
$5.49 B
Average shareholder expectation

Next Earnings Call

Expected Date
October 20, 2026
EPS Estimate
$0.59
Average shareholder expectation
Revenue Estimate
$5.59 B
Average shareholder expectation

Institutional Put/Call Ratio

Market sentiment based on institutional option activity.

Put/Call Ratio10.0000 892.97%
Total Calls1,000 99.99%
Total Puts10,000 99.94%

Institutional Ownership

Holdings and activity of institutional investors.

Ownership %2.96% 83.06%
Total Invested$841.93M 97.01%
Investors Holding299 953.00%

ESG Score

No data

About Halliburton Co.

CEO: Jeffrey Miller

Relevant Senate Committees

Joint Committee on Taxation

This committee provides the official revenue estimates and technical analysis for all tax legislation, directly influencing corporate tax structures and the fiscal policies that impact Halliburton's profitability and investment decisions.

Finance

As the primary tax-writing committee, its decisions on corporate taxation, trade policy, and tariffs directly impact Halliburton's profitability, supply chain costs, and overall corporate valuation.

Energy and Natural Resources

This committee directly oversees national energy policy, oil and gas leasing on public lands, and the Department of Energy, which are central to Halliburton's primary industry and market opportunities.

Environment and Public Works

Regulations from the EPA regarding environmental standards, emissions, and water usage in drilling and extraction operations directly influence Halliburton's operational costs and service requirements.

Foreign Relations

Committee actions on sanctions and foreign policy directly impact global oil supply, demand, and prices, which profoundly affects Halliburton's customers' activity levels and profitability.