Halliburton Company

HAL: 10-Q · periodic report

Halliburton's Q3 2026 revenue was $5.7 billion, up 2% year over year, while net income attributable to the company surged to $417 million ($0.50 per share) from just $18 million ($0.02) in Q3 2025. Operating income rose 75% to $624 million, driven by a sharp drop in impairments and other charges ($107 million vs $392 million) and 10% revenue growth in Drilling and Evaluation, which offset a 4% decline in Completion and Production and a 9% drop in North America revenue. International revenue grew 9%, led by Latin America (+13%) and Europe/Africa/CIS (+23%). The company returned $252 million via buybacks and $141 million per quarter in dividends, with ~$1.5 billion of buyback authorization remaining and $1.8 billion of cash plus a $3.5 billion revolver. A key overhang remains the IRS Notice of Proposed Adjustment challenging the 2016 $3.5 billion Baker Hughes termination fee deduction, which Halliburton estimates could result in roughly $640 million of cash taxes plus interest if the IRS ultimately prevails.

SEC 10-Q•2d ago

Halliburton Signs Agreements to Support Energy Development Opportunities in Venezuela

Halliburton signed memorandums of understanding with Brazil's Eneva and WESCA to support energy development opportunities in Venezuela's oil and gas sector. The Eneva agreement builds on the companies' existing relationship in Brazil, where Eneva is the country's largest private natural gas operator, while the WESCA MOU covers field evaluation and development planning in Venezuela. The MOUs are non-binding and carry no disclosed financial terms, but they reinforce Halliburton's nearly nine-decade operating presence in Venezuela as the country's energy sector evolves.

•1mo ago

Halliburton Awarded Bundled Deepwater Well Construction and Completions Contract

Halliburton has secured a bundled well construction and completions contract from Eni for the Cronos ultra-deepwater development in Block 6 of the Cyprus Exclusive Economic Zone. The scope covers integrated drilling, automation, and completions services — drilling fluids, directional drilling, LOGIX automation and remote operations, cementing, surface well testing, and coiled tubing — delivered through Halliburton's established Cyprus infrastructure. No contract value was disclosed. The award is described as multi-year and extends Halliburton's offshore footprint in the Eastern Mediterranean, which it calls one of the industry's most active emerging offshore gas regions.

•1mo ago

bp Awards Halliburton Integrated Contract for Bumerangue Field Appraisal in Brazil

Halliburton secured an integrated contract from bp to execute the first appraisal campaign for the Bumerangue field in offshore deepwater Brazil. The award includes drilling services and reservoir evaluation, utilizing Halliburton's LOGIX automation and remote operations to drive efficiency. The collaboration focuses on fast-tracking the appraisal with digital solutions and an integrated execution model tailored for deepwater assets.

•2mo ago

Halliburton Announces Dividend

Halliburton's board declared a 2026 third quarter dividend of $0.17 per share on the company's common stock. The dividend is payable on September 23, 2026, to shareholders of record at the close of business on September 2, 2026.

•2mo ago

HAL: 10-Q · periodic report

Halliburton reported second quarter 2026 revenue of $5.7 billion, a 4% increase compared to the prior year, driven primarily by growth in the Drilling and Evaluation segment. Net income rose 12% to $538 million, or $0.64 per share, supported by a $95 million credit from impairments and other credits including a government refund recovery. Geographically, international revenue grew 6% while North America remained relatively flat, though the company noted ongoing operational disruptions in the Middle East due to geopolitical conflict. The Drilling and Evaluation segment saw a 7% revenue increase, whereas Completion and Production revenue was flat with lower operating income due to pricing pressure and mix impacts. The company maintained strong liquidity with $2.0 billion in cash and equivalents and returned $308 million to shareholders through stock repurchases during the quarter. Halliburton also disclosed it is contesting an IRS Notice of Proposed Adjustment regarding the classification of a $3.5 billion termination fee from 2016, estimating potential cash tax liability of approximately $640 million if the IRS position prevails.

SEC 10-Q•3mo ago

Kuwait Oil Company Awards Long-Term Agreement to Advance Technology Development Ahmadi Innovation Valley

Halliburton was awarded a multi-year agreement by Kuwait Oil Company to support the development of the Ahmadi Innovation Valley, a strategic initiative for Kuwait's energy sector transformation. The project will establish an R&D center focused on deploying digital capabilities, data analysis, and artificial intelligence to address upstream challenges in brownfield, greenfield, and unconventional fields. CEO Jeff Miller highlighted that the award reflects a deep collaboration and a shift towards the co-creation of technology and innovation to maximize asset value.

•3mo ago

Halliburton Announces Second Quarter 2026 Results

Halliburton reported Q2 revenue of $5.7 billion, up from $5.4 billion sequentially, with net income of $0.64 per diluted share. Adjusted EPS was flat at $0.55, as a $95 million pre-tax credit boosted GAAP results, while operating margin expanded to 14%. The company generated $824 million in cash from operations and $668 million in free cash flow, returning approximately $200 million to shareholders through buybacks. Operational highlights include the acquisition of InformatiQ AS and the launch of the Xaminer Deep Testing service. Halliburton secured significant contracts, including multi-year awards from Aramco for onshore fields and integrated stimulation services, and a major integrated well construction contract with TotalEnergies offshore Suriname. However, Middle East/Asia revenue decreased 2% sequentially due to ongoing geopolitical conflict.

•3mo ago

Basra Oil Company Awards Halliburton Contract to Advance Oil and Gas Development in Southern Iraq

Halliburton secured a contract with Basra Oil Company to provide Integrated Field Management Services and EPCM for the Bin Umar and Sindbad fields in southern Iraq. The project aims to increase oil production to approximately 150,000 barrels per day and capture 300 million standard cubic feet of associated gas over a five-year development phase. Halliburton will deploy its Landmark portfolio to build a digital foundation for the fields, supporting Iraq's strategy to strengthen energy security and reduce reliance on gas imports.

•3mo ago

Halliburton Awarded LSTK Contracts by Aramco for Onshore Oil Re-Entry Program

Halliburton was awarded lump sum turnkey contracts by Aramco covering approximately 285 planned wells across multiple onshore fields in Saudi Arabia. The contracts feature a three-year base term with options to extend for up to two additional years, encompassing integrated services such as re-entry operations, drilling, and completions. Management views the awards as a significant milestone that strengthens Halliburton's growth position in the Kingdom by leveraging its integrated well delivery capabilities.

•3mo ago

Aramco Awards Halliburton Long-Term Contract for Unconventional Gas Program

Halliburton was awarded a multi-year contract by Aramco to deliver integrated stimulation and completion services for unconventional gas development in Saudi Arabia. The award supports one of the largest unconventional gas programs globally and involves the deployment of the OCTIV Auto Frac and Sensori monitoring platforms starting in Q3 2026. To support the Jafurah Basin development, Halliburton plans to increase local investment in manufacturing, supply chain, and workforce programs.

•3mo ago

Halliburton Wins Integrated Drilling and Completions Contracts for Granmorgu Deepwater Project Offshore Suriname, Operated by Totalenergies

Halliburton has been awarded integrated drilling and completions contracts for the GranMorgu deepwater project offshore Suriname, which is operated by TotalEnergies. The agreement involves a long-term program utilizing a fully integrated digital and automation execution model to improve performance and reduce ownership costs. This project establishes the first global alliance between Halliburton, TotalEnergies, and Noble, and includes significant local infrastructure investment in Suriname.

•3mo ago

Eni and Halliburton Achieve Industry First With Closed-Loop Rig Automation in Deepwater Indonesia

Halliburton and Eni achieved an industry first by deploying closed-loop rig automation on a deepwater exploration well offshore Indonesia. The operation integrated Halliburton’s LOGIX automation with Managed Pressure Drilling (MPD), marking the first deployment of this combined capability in the Asia Pacific region. The integrated system improved drilling efficiency by more than 15% while maintaining well control in a narrow operating margin environment, validating the scalability of Halliburton’s digital well construction solutions.

•3mo ago

Deep Isolation Nuclear Appoints Drilling Veteran Jon Tedrick to Lead World’s First Full-scale Deep Borehole Disposal Demonstration

Deep Isolation announced the relocation of Technology Demonstration Lead Jon Tedrick to Texas to support the execution of the deep borehole disposal demonstration project at the DBDC near Cameron, Texas. The project, which involves Amentum (AMTM) and Halliburton (HAL) as collaborators, was recently selected for the U.S. Department of Energy's ARPA-E SCALEUP Ready program, providing up to $20 million in funding to advance the technology. The demonstration aims to validate key components of nuclear waste disposal using standard oil and gas drilling practices and full-scale canister emplacement using Deep Isolation's Universal Canister System.

•4mo ago

Pampa Energía Selects Halliburton to Support Enterprise Digital Transformation

Halliburton has signed a multi-year agreement with Pampa Energía to support the digital transformation of its unconventional operations in the Vaca Muerta shale play. The program includes digital orchestration, reservoir modeling, and logistics optimization to help Pampa scale efficiently and improve decision-making velocity. This partnership supports Pampa’s goal to expand production by up to 45,000 barrels per day by 2027, leveraging Halliburton’s industrial-grade AI and data governance solutions.

•4mo ago

Greenland Energy Company (NASDAQ: GLND) Announces Haliburton Agreement and Updates Progress on 2026 Greenland Exploration Program

Greenland Energy Company announced a services agreement with Halliburton for integrated consulting, logistics, and well services to support its 2026 exploration program in East Greenland. The company also secured a five-year drilling agreement with Stampede Drilling for Rig #12, an Arctic-equipped rig, and confirmed plans to commence its first modern onshore drilling operations in October 2026. These wells, OPW-1 and OPW-6, are approximately 3,500 meters deep; successful completion would allow the company to earn up to a 70% working interest in the license area, which has independent estimates of up to 13.0 billion barrels of gross un-risked prospective oil resources.

•4mo ago

Deep Isolation Reaches Over 100 Issued Patents, Strengthening Global Leadership in Nuclear Waste Disposal Innovation

Deep Isolation, a subsidiary of Amentum (AMTM), announced it has surpassed 100 issued patents worldwide, strengthening its intellectual property position in nuclear waste disposal. The portfolio covers the full disposal lifecycle, including repository architecture, site characterization, and the Universal Canister System (UCS) for packaging and transport. This milestone supports the company’s full-scale commercial pilot at Cameron, Texas, launched in January 2026 in collaboration with Halliburton, Amentum, and other partners.

•4mo ago

Global Instability Accelerates Push for Domestic Energy Security

Greenland Energy announced a strategic agreement with Halliburton to provide integrated consulting, drilling, and logistical support for its 2026 Arctic exploration campaign in the Jameson Land Basin. This partnership complements existing agreements with Stampede Drilling and Desgagnés, forming a fully integrated operational platform aimed at executing the first onshore exploration wells in the basin. Greenland Energy anticipates securing rights to 70% of the basin, which holds an estimated potential of up to 13 billion barrels of oil, subject to successful drilling results.

•5mo ago

HAL: 10-Q · periodic report

Halliburton reported first quarter 2026 revenue of $5.4 billion, relatively flat compared to the prior year, while net income attributable to the company increased to $461 million from $204 million. The significant year-over-year earnings growth was primarily driven by the absence of the $356 million in impairments and other charges recorded in the first quarter of 2025. Segment performance was mixed, with the Completion and Production segment revenue declining 3% to $3.0 billion due to lower activity in North America and the Middle East. Conversely, the Drilling and Evaluation segment revenue grew 4% to $2.4 billion, supported by higher project management activity in Latin America and increased drilling services in Europe and the Western Hemisphere. The company returned $242 million to shareholders through dividends of $142 million and share repurchases of $100 million, leaving approximately $1.9 billion remaining under its authorization. Halliburton maintained a strong liquidity position with $2.0 billion in cash and equivalents and $3.5 billion in available credit facilities, although it faces a potential tax liability of approximately $640 million related to an ongoing IRS dispute.

SEC 10-Q•6mo ago