HAL Chart
About

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.

Fundamentals
Scroll to Statements
Sector Energy Industry Oil & Gas Equipment & Se Market Cap 29.74B
Enterprise Value 36.13B Income 1.28B Sales 22.18B
Book/sh 12.53 Cash/sh 2.63 Dividend Yield 190.00%
Payout 45.33% Employees 46000 IPO —
P/E 23.56 Forward P/E 13.14 PEG —
P/S 1.34 P/B 2.82 P/C —
EV/EBITDA 8.77 EV/Sales 1.63 Quick Ratio 1.28
Current Ratio 2.04 Debt/Eq 79.16 LT Debt/Eq —
EPS (ttm) 1.50 EPS next Y 2.69 EPS Growth -0.50%
Revenue Growth 0.80% Earnings 2026-04-21 ROA 7.37%
ROE 12.27% ROIC — Gross Margin 15.71%
Oper. Margin 14.90% Profit Margin 5.78% Shs Outstand 837.55M
Shs Float 832.42M Short Float 5.66% Short Ratio 2.22
Short Interest — 52W High 36.18 52W Low 18.72
Beta 0.75 Avg Volume 12.68M Volume 2.19M
Target Price $36.34 Recom Buy Prev Close $35.79
Price $35.34 Change -1.27%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$36.34
Mean price target
2. Current target
$35.34
Latest analyst target
3. DCF / Fair value
$45.98
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$35.34
Low
$28.00
High
$46.48
Mean
$36.34

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-01-23 main UBS Neutral → Neutral $35
2026-01-23 main Citigroup Buy → Buy $38
2026-01-22 main JP Morgan Overweight → Overweight $35
2026-01-22 main Goldman Sachs Buy → Buy $40
2026-01-22 main RBC Capital Outperform → Outperform $38
2026-01-22 main Evercore ISI Group In-Line → In-Line $36
2026-01-22 main Susquehanna Positive → Positive $40
2026-01-22 main Stifel Buy → Buy $36
2026-01-21 main Stifel Buy → Buy $35
2026-01-14 main Piper Sandler Neutral → Neutral $30
2026-01-07 main TD Cowen Buy → Buy $39
2026-01-07 main Susquehanna Positive → Positive $36
2026-01-06 down Evercore ISI Group Outperform → In-Line $35
2026-01-06 down Freedom Capital Markets Hold → Sell $32
2025-12-18 main Piper Sandler Neutral → Neutral $29
2025-12-17 main Barclays Equal-Weight → Equal-Weight $30
2025-12-12 main UBS Neutral → Neutral $32
2025-12-11 main Citigroup Buy → Buy $33
2025-11-03 init Rothschild & Co — → Buy $35
2025-10-23 main Goldman Sachs Buy → Buy $28
Insider Transactions
Date Shares Value Url Text Insider Position Transaction Start Date Ownership
0 2600 88855.0 — Sale at price 34.18 per share. BANKS MARGARET KATHERINE Director — 2026-01-26 00:00:00 D
1 54348 1900006.0 — Sale at price 34.96 per share. BECKWITH VAN H. Officer — 2026-01-23 00:00:00 D
2 54348 1280982.0 — Conversion of Exercise of derivative security at price 23.57 per share. BECKWITH VAN H. Officer — 2026-01-23 00:00:00 D
3 171200 5985152.0 — Sale at price 34.96 per share. MILLER JEFFREY ALLEN Chief Executive Officer — 2026-01-23 00:00:00 D
4 171200 5382528.0 — Conversion of Exercise of derivative security at price 31.44 per share. MILLER JEFFREY ALLEN Chief Executive Officer — 2026-01-23 00:00:00 D
5 17798 574875.0 — Sale at price 32.30 per share. BECKWITH VAN H. Officer — 2026-01-09 00:00:00 D
6 23895 771808.0 — Sale at price 32.30 per share. SLOCUM JEFFREY SHANNON Chief Operating Officer — 2026-01-09 00:00:00 D
7 100000 3225000.0 — Sale at price 32.25 per share. POPE LAWRENCE J. Officer — 2026-01-05 00:00:00 D
8 37548 1111421.0 — Stock Award(Grant) at price 29.60 per share. CARRE ERIC Chief Financial Officer — 2026-01-02 00:00:00 D
9 41156 1218218.0 — Stock Award(Grant) at price 29.60 per share. RICHARD MARK Officer — 2026-01-02 00:00:00 D
Financials
Line Item2025-12-312024-12-312023-12-312022-12-31
TaxEffectOfUnusualItems-226.80M-27.53M-50.13M-106.87M
TaxRateForCalcs0.270.220.210.24
NormalizedEBITDA4.10B4.79B5.00B3.98B
TotalUnusualItems-840.00M-124.00M-241.00M-438.00M
TotalUnusualItemsExcludingGoodwill-840.00M-124.00M-241.00M-438.00M
NetIncomeFromContinuingOperationNetMinorityInterest1.28B2.50B2.64B1.57B
ReconciledDepreciation1.14B1.08B998.00M940.00M
ReconciledCostOfRevenue18.70B18.64B18.66B16.98B
EBITDA3.26B4.67B4.76B3.54B
EBIT2.12B3.59B3.76B2.60B
NetInterestIncome-352.00M-353.00M-395.00M-463.00M
InterestExpense352.00M353.00M395.00M492.00M
InterestIncome97.00M81.00M29.00M9.00M
NormalizedIncome1.90B2.60B2.83B1.90B
NetIncomeFromContinuingAndDiscontinuedOperation1.28B2.50B2.64B1.57B
TotalExpenses19.09B19.01B18.93B17.22B
TotalOperatingIncomeAsReported2.26B3.82B4.08B2.71B
DilutedAverageShares853.00M883.00M902.00M908.00M
BasicAverageShares853.00M882.00M899.00M904.00M
DilutedEPS1.502.832.921.74
BasicEPS1.502.842.931.74
DilutedNIAvailtoComStockholders1.28B2.50B2.64B1.57B
NetIncomeCommonStockholders1.28B2.50B2.64B1.57B
NetIncome1.28B2.50B2.64B1.57B
MinorityInterests-9.00M-15.00M-24.00M-23.00M
NetIncomeIncludingNoncontrollingInterests1.29B2.52B2.66B1.59B
NetIncomeContinuousOperations1.29B2.52B2.66B1.59B
TaxProvision479.00M718.00M701.00M515.00M
PretaxIncome1.77B3.23B3.36B2.11B
OtherIncomeExpense-968.00M-351.00M-325.00M-500.00M
OtherNonOperatingIncomeExpenses-128.00M-227.00M-84.00M-62.00M
SpecialIncomeCharges-831.00M-116.00M0.00-408.00M
OtherSpecialCharges42.00M
WriteOff193.00M4.00M0.00196.00M
ImpairmentOfCapitalAssets339.00M49.00M0.00170.00M
RestructuringAndMergernAcquisition299.00M63.00M0.000.00
EarningsFromEquityInterest0.00
GainOnSaleOfSecurity-9.00M-8.00M-241.00M-30.00M
NetNonOperatingInterestIncomeExpense-352.00M-353.00M-395.00M-463.00M
InterestExpenseNonOperating352.00M353.00M395.00M492.00M
InterestIncomeNonOperating97.00M81.00M29.00M9.00M
OperatingIncome3.09B3.94B4.08B3.07B
OperatingExpense393.00M363.00M277.00M240.00M
OtherOperatingExpenses154.00M124.00M51.00M
DepreciationAmortizationDepletionIncomeStatement0.0036.00M
DepreciationAndAmortizationInIncomeStatement0.0036.00M
DepreciationIncomeStatement0.0036.00M
SellingGeneralAndAdministration239.00M239.00M226.00M240.00M
GeneralAndAdministrativeExpense239.00M239.00M226.00M240.00M
OtherGandA239.00M239.00M226.00M240.00M
GrossProfit3.48B4.30B4.36B3.31B
CostOfRevenue18.70B18.64B18.66B16.98B
TotalRevenue22.18B22.94B23.02B20.30B
OperatingRevenue22.18B22.94B23.02B20.30B
Line Item2025-12-312024-12-312023-12-312022-12-31
TreasurySharesNumber229.00M197.00M176.00M164.00M
OrdinarySharesNumber834.60M868.00M889.05M902.00M
ShareIssued1.06B1.06B1.07B1.07B
NetDebt4.95B4.92B5.37B5.58B
TotalDebt8.13B8.60B8.81B8.94B
TangibleBookValue7.52B7.67B6.54B5.12B
InvestedCapital17.62B18.05B17.03B15.88B
WorkingCapital5.81B6.33B5.93B5.61B
NetTangibleAssets7.52B7.67B6.54B5.12B
CapitalLeaseObligations975.00M1.06B1.17B1.01B
CommonStockEquity10.46B10.51B9.39B7.95B
TotalCapitalization17.62B17.67B17.03B15.88B
TotalEquityGrossMinorityInterest10.51B10.55B9.43B7.98B
MinorityInterest44.00M42.00M42.00M29.00M
StockholdersEquity10.46B10.51B9.39B7.95B
GainsLossesNotAffectingRetainedEarnings-363.00M-353.00M-331.00M-230.00M
OtherEquityAdjustments-363.00M-353.00M-331.00M-230.00M
TreasuryStock6.98B6.21B5.54B5.11B
RetainedEarnings15.04B14.33B12.54B10.57B
AdditionalPaidInCapital112.00M79.00M63.00M50.00M
CapitalStock2.66B2.66B2.66B2.66B
CommonStock2.66B2.66B2.66B2.66B
TotalLiabilitiesNetMinorityInterest14.51B15.04B15.25B15.28B
TotalNonCurrentLiabilitiesNetMinorityInterest8.92B8.99B9.64B9.93B
OtherNonCurrentLiabilities619.00M617.00M687.00M806.00M
EmployeeBenefits428.00M414.00M408.00M408.00M
LongTermDebtAndCapitalLeaseObligation7.87B7.96B8.55B8.72B
LongTermCapitalLeaseObligation712.00M798.00M911.00M791.00M
LongTermDebt7.16B7.16B7.64B7.93B
CurrentLiabilities5.59B6.05B5.61B5.34B
OtherCurrentLiabilities759.00M729.00M750.00M723.00M
CurrentDebtAndCapitalLeaseObligation263.00M644.00M262.00M224.00M
CurrentCapitalLeaseObligation263.00M263.00M262.00M224.00M
CurrentDebt381.00M7.00M
OtherCurrentBorrowings381.00M7.00M
PensionandOtherPostRetirementBenefitPlansCurrent767.00M711.00M689.00M634.00M
PayablesAndAccruedExpenses3.80B3.97B3.91B3.76B
Payables3.80B3.97B3.91B3.76B
TotalTaxPayable666.00M777.00M760.00M643.00M
IncomeTaxPayable375.00M449.00M390.00M294.00M
AccountsPayable3.13B3.19B3.15B3.12B
TotalAssets25.01B25.59B24.68B23.25B
TotalNonCurrentAssets13.61B13.21B13.14B12.30B
OtherNonCurrentAssets2.18B1.89B1.80B1.58B
NonCurrentDeferredAssets2.30B2.34B2.50B2.64B
NonCurrentDeferredTaxesAssets2.30B2.34B2.50B2.64B
GoodwillAndOtherIntangibleAssets2.94B2.84B2.85B2.83B
Goodwill2.94B2.84B2.85B2.83B
NetPPE6.20B6.13B5.99B5.26B
AccumulatedDepreciation-12.62B-12.46B-12.06B-11.66B
GrossPPE18.82B18.60B18.05B16.92B
OtherProperties938.00M1.02B1.09B913.00M
MachineryFurnitureEquipment16.08B15.70B15.12B14.22B
BuildingsAndImprovements1.70B1.75B1.72B1.67B
LandAndImprovements104.00M119.00M119.00M117.00M
Properties0.000.000.000.00
CurrentAssets11.40B12.38B11.54B10.95B
OtherCurrentAssets1.27B1.61B1.19B1.06B
Inventory2.98B3.04B3.23B2.92B
FinishedGoods1.97B1.96B2.07B1.86B
WorkInProcess124.00M132.00M136.00M111.00M
RawMaterials884.00M952.00M1.02B953.00M
Receivables4.94B5.12B4.86B4.63B
AccountsReceivable4.94B5.12B4.86B4.63B
AllowanceForDoubtfulAccountsReceivable-805.00M-754.00M-742.00M-731.00M
GrossAccountsReceivable5.75B5.87B5.60B5.36B
CashCashEquivalentsAndShortTermInvestments2.21B2.62B2.26B2.35B
CashAndCashEquivalents2.21B2.62B2.26B2.35B
Line Item2025-12-312024-12-312023-12-312022-12-31
FreeCashFlow1.67B2.42B2.08B1.23B
RepurchaseOfCapitalStock-1.01B-1.00B-800.00M-250.00M
RepaymentOfDebt-389.00M-100.00M-305.00M-1.24B
IssuanceOfDebt0.000.00
IssuanceOfCapitalStock98.00M105.00M136.00M229.00M
CapitalExpenditure-1.25B-1.44B-1.38B-1.01B
InterestPaidSupplementalData432.00M441.00M460.00M487.00M
IncomeTaxPaidSupplementalData639.00M538.00M616.00M354.00M
EndCashPosition2.21B2.62B2.26B2.35B
BeginningCashPosition2.62B2.26B2.35B3.04B
EffectOfExchangeRateChanges-26.00M-127.00M-210.00M-175.00M
ChangesInCash-386.00M481.00M128.00M-523.00M
FinancingCashFlow-1.99B-1.73B-1.67B-1.80B
CashFlowFromContinuingFinancingActivities-1.99B-1.73B-1.67B-1.80B
NetOtherFinancingCharges-110.00M-130.00M-126.00M-100.00M
CashDividendsPaid-579.00M-600.00M-576.00M-435.00M
CommonStockDividendPaid-579.00M-600.00M-576.00M-435.00M
NetCommonStockIssuance-909.00M-900.00M-664.00M-21.00M
CommonStockPayments-1.01B-1.00B-800.00M-250.00M
CommonStockIssuance98.00M105.00M136.00M229.00M
NetIssuancePaymentsOfDebt-389.00M-100.00M-305.00M-1.24B
NetLongTermDebtIssuance-389.00M-100.00M-305.00M-1.24B
LongTermDebtPayments-389.00M-100.00M-305.00M-1.24B
LongTermDebtIssuance0.000.00
InvestingCashFlow-1.32B-1.65B-1.66B-967.00M
CashFlowFromContinuingInvestingActivities-1.32B-1.65B-1.66B-967.00M
NetOtherInvestingChanges-70.00M-45.00M-101.00M-81.00M
NetInvestmentPurchaseAndSale362.00M-224.00M-361.00M-75.00M
SaleOfInvestment564.00M214.00M131.00M0.00
PurchaseOfInvestment-202.00M-438.00M-492.00M-75.00M
NetBusinessPurchaseAndSale-548.00M-166.00M-13.00M0.00
SaleOfBusiness0.000.0087.00M
PurchaseOfBusiness-548.00M-166.00M-13.00M
NetPPEPurchaseAndSale185.00M223.00M195.00M200.00M
SaleOfPPE185.00M223.00M195.00M200.00M
CapitalExpenditureReported-1.25B-1.44B-1.38B-1.01B
OperatingCashFlow2.93B3.87B3.46B2.24B
CashFlowFromContinuingOperatingActivities2.93B3.87B3.46B2.24B
ChangeInWorkingCapital196.00M-103.00M-511.00M-941.00M
ChangeInPayablesAndAccruedExpense-72.00M62.00M49.00M852.00M
ChangeInPayable-72.00M62.00M49.00M852.00M
ChangeInAccountPayable-72.00M62.00M49.00M852.00M
ChangeInInventory80.00M147.00M-303.00M-642.00M
ChangeInReceivables188.00M-312.00M-257.00M-1.15B
OtherNonCashItems-552.00M109.00M113.00M212.00M
AssetImpairmentCharge831.00M116.00M0.00366.00M
DeferredTax23.00M148.00M196.00M70.00M
DeferredIncomeTax23.00M148.00M196.00M70.00M
DepreciationAmortizationDepletion1.14B1.08B998.00M940.00M
NetIncomeFromContinuingOperations1.29B2.52B2.66B1.59B
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

Public Trades for HAL
Date User Asset Broker Type Position Size Entry Price Patterns