Halliburton Company
- Exchange
- US
- Country
- USA
- IPO date
- Jun 1, 1972
- Employees
- 46,000
- Website
- www.halliburton.com
Composite valuation range · conservative $20–$28 / fair $28–$36 / optimistic $38–$46. At $32.13, Within the fair intrinsic-value range.
At publication $41.08 (May 28, 2026)
Data from EODHD, shown in the reporting currency; for reference only, not investment advice.
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.
History
Halliburton Company was founded in 1919 and is headquartered in Houston, Texas. It became a publicly listed company through an IPO dated June 1, 1972. Over time it grew into a large, globally distributed energy-services provider, today employing roughly 46,000 people and operating in more than 70 countries. The business is organized into two reporting segments, Completion and Production and Drilling and Evaluation, spanning the full oil-and-gas asset life cycle from drilling and evaluation through well construction, completion, stimulation, artificial lift, intervention, and production optimization. Its capabilities have expanded beyond physical equipment and services to include cloud-based digital services and AI solutions delivered through its Landmark offering for subsurface insights, well construction, and reservoir and production management.
Industry position
Halliburton is one of the three major global oilfield-services providers, alongside SLB and Baker Hughes, with Weatherford also cited among its competitors. It serves international oil companies, national oil companies, and independent operators worldwide, with operations in more than 70 countries; in 2025 the United States accounted for 39% of revenue and no other single country exceeded 10%, while no single customer represented more than 10% of revenue over the prior three years. In 2025 the company generated revenue of 22.184 billion USD, split roughly 59% international (13.1 billion USD) and 41% North America (9.1 billion USD); by segment, Completion and Production contributed about 58% of revenue and Drilling and Evaluation about 42%, with 2025 segment operating margins of 17% and 15% respectively. Its competitive position rests on scale, a broad global service network, a complete product line, execution capability, and customer relationships, with switching costs arising in large international projects and complex well types where service continuity, quality, and safety records matter, reinforced by the technical stickiness of its Landmark digital services. The company itself characterizes the market as highly competitive, with competition centered on price, service delivery, HSE, quality, talent, reservoir understanding, and technical capability.