Halliburton Company (HAL) Stock

Halliburton Company (HAL) is a Energy stock trading at $35.35 (as of 2026-07-17), with a market capitalization of $29.53B and a trailing P/E of 25.4. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

Halliburton Company provides products and services to the energy industry worldwide through two segments: Completion and Production, which includes well stimulation and sand control, cementing, completion tools and related downhole systems, production and artificial lift services, and pipeline and process services; and Drilling and Evaluation, which offers drilling fluids and additives, solids control and specialized testing equipment, and waste management, along with completion-related and downstream water and process treatment chemicals.

Understand Halliburton Company: how it makes money

Halliburton provides products and services to the energy industry, earning revenue from well completion and production enhancement services, and from drilling and evaluation services.

Profit generation is structurally tied to oilfield work being performed, with Halliburton selling two service streams, Completion and Production, and Drilling and Evaluation, where customer demand and repeat customer behavior support ongoing activity and revenue.

Revenue by segment (latest quarter)
C&P$3.0B
D&E$2.4B

Business quality (Mixed): Clear two-segment service model with identifiable operating KPIs (including repeat customers and pipeline activity), but results are inherently linked to energy industry activity levels and international workmix.

Valuation: At 19× earnings, HAL trades 9% above the Petroleum & Natural Gas average (17×). Note: one-time items can distort reported P/E.

Bull case

  • Customer stickiness: Repeat Customers (Business Today) is 60 percent, which supports recurring engagement in Halliburton's services.
  • Pipeline momentum: Tender Pipeline Incremental Activity is 20 (ratio), suggesting incremental work inflows can support future service activity.

Bear case

  • Cyclical demand exposure: Because Halliburton sells services tied to drilling and production work, a slowdown in oilfield activity could reduce volumes and revenue across both segments.
  • International mix risk: International Revenue is 3.3 USD_B (with offshore share of business outside North America land at 50 percent), so changes in regional activity levels could affect segment performance.
Valuation — source: SEC EDGAR (first-party)
Price$35.35
Market Cap$29.53B
P/E Ratio25.4
EV / EBITDA10.4
Price / Book2.73
Price / Sales1.35
FCF Yield8.7%
DCF Value (model)$21.99
DCF Upside vs Price-37.8%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$22.18B
Net Margin5.8%
Revenue Growth (YoY)-3.3%
FCF Growth (YoY)-31.0%
Financial Health — source: SEC EDGAR
Altman Z-Score3.53 (safe)
Valuation vs Sector & Industry
Stock P/E25.4
Sector P/E (Energy)19.5
Industry P/E (Petroleum & Natural Gas)19.4
vs Sector30.1%
vs Industry31.3%
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderBlackRock, Inc. ($3.25B)
Institutional Holders Tracked10
Congressional Trades (recent)10
Company
SectorEnergy
IndustryPetroleum & Natural Gas
CEOJeffrey Allen Miller
Employees48,000
CountryUS
IPO Date1972-06-01

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HAL earnings history · HAL institutional & insider holders · HAL KPIs & operating metrics · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-07-17.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.