Company Overview
About Halliburton
Halliburton Company is a Houston, Texas-based oilfield services company — publicly traded on the New York Stock Exchange (NYSE: HAL) as an S&P 500 Energy component — providing products and services for the exploration, development, and production of oil and natural gas through two segments: Completion and Production (hydraulic fracturing, cementing, artificial lift, wireline logging) and Drilling and Evaluation (drill bits, directional drilling, formation evaluation, well construction planning) through approximately 50,000 employees in 70+ countries. In fiscal year 2024, Halliburton reported revenues of $22.9 billion and adjusted operating income of $4.0 billion, with North America (the most important market — driven by US shale completions) generating $8.6 billion and international operations (Middle East, Latin America, Africa, Europe) generating $14.3 billion. CEO Jeff Miller has led Halliburton's return to strong profitability following the COVID-19 oil demand collapse with a disciplined capital-light model: rather than owning all completion equipment (pressure pumping fleets, cementing units), Halliburton has entered long-term customer partnerships where major E&P operators (Pioneer, EOG, Devon, ConocoPhillips) commit multi-year completion work to Halliburton in exchange for deployment priority and dedicated crew relationships — reducing equipment idle time and Halliburton's capital requirements while securing predictable activity levels. Halliburton's Zeus electric fracturing fleet (E-frac using natural gas-powered electric motors to drive frac pumps rather than diesel engines) reduces NOx emissions and fuel cost for US shale operators — achieving 40-50% fuel cost reduction that operators increasingly specify as a sustainability requirement.
Business Model & Competitive Advantage
Halliburton's oilfield services model creates competitive advantages through the hydraulic fracturing technology and shale-specific completion expertise that made Halliburton the dominant completion services company in US shale basins: in the Permian Basin (the world's most productive oil field, producing 6+ million barrels per day), Halliburton crews run 10-15 fracturing stages per day on multi-well pad configurations — optimizing the cluster spacing, proppant loading, and fluid design that determines each well's initial production rate and ultimate recovery. Halliburton's DecisionSpace 365 cloud platform (cloud-native subsurface modeling, well planning, and completion optimization) integrates wireline log data, drilling data, and completion performance data into AI-driven well design recommendations that improve Halliburton customer well productivity — creating a data platform that builds competitive moat as more wells are analyzed. The international operations growth (Saudi Arabia's GOSP-2 program expansion, Iraq oilfield development, UAE offshore production enhancement, Brazil pre-salt services) provides geographic diversification from the North American shale cycle.
Competitive Landscape 2025–2026
In 2025, Halliburton competes in global oilfield services against Schlumberger/SLB (NYSE: SLB, dominant global oilfield services company with $36B revenue), Baker Hughes (NASDAQ: BKR, IET/turbomachinery and oilfield services), and NexTier Oilfield Solutions (NYSE: NEX, US completions services — merger with ProPetro) for US completions market share (pressure pumping, wireline, cementing), international drilling services contracts, and digital technology platform adoption. US land completions activity (frac fleet utilization, wireline runs per day) is directly correlated with US E&P capital spending — when WTI crude stays above $70/barrel and natural gas above $3/MMBtu, Halliburton's North America segment generates strong utilization rates. Halliburton's long-term customer partnership model (lock-in of dedicated frac fleets and crew relationships through 2-5 year agreements) provides visibility into North American completions activity beyond spot market activity levels. The 2025 strategy focuses on international market growth (Middle East NOC service contracts, Latin America offshore services), Zeus electric frac fleet expansion for ESG-focused E&P operators, and DecisionSpace 365 digital platform contract expansion.
The Halliburton Story
Founders
Company Timeline
Major milestones in Halliburton's journey
Leadership Team
Meet the leaders behind Halliburton
Jeff Miller
Jeff Miller has served as CEO since 2017 and Chairman since 2019. A CPA with deep M&A experience, Miller joined Halliburton in 1997 and has held numerous operational roles across Venezuela, Angola, Indonesia, and Dubai. He holds a BS from McNeese State University and an MBA from Texas A&M University.
Eric Carre
Eric Carre has been CFO since May 2022, leading the company's financial strategy and functions. With over 30 years at Halliburton since 1991, he has held operational roles across Middle East, Asia Pacific, and Europe/Africa regions. He holds a master's in mechanical engineering from Université Libre de Bruxelles and an MBA from University of Wisconsin-Madison.
Lawrence J. Pope
Lawrence Pope leads Halliburton's global human resources strategy, talent management, and organizational development initiatives. He oversees employee engagement, compensation and benefits, and diversity and inclusion programs across the company's worldwide operations.
Van Beckwith
Van Beckwith serves as Halliburton's top legal executive, overseeing all legal affairs, corporate governance, compliance, and risk management. He provides strategic legal counsel to the board of directors and executive leadership team on major business initiatives and regulatory matters.
Mark Richard
Mark Richard leads all of Halliburton's operations across North America, Latin America, and the Caribbean. He is responsible for driving growth, operational excellence, and customer relationships across these key markets, including the important North American unconventional plays.
Shannon Slocum
Shannon Slocum oversees Halliburton's operations across Europe, Africa, Middle East, and Asia Pacific regions. She manages the company's relationships with major national oil companies and international operators in these strategically important markets.
Stephanie Holzhauser
Stephanie Holzhauser leads Halliburton's accounting operations, financial reporting, and internal controls. She ensures compliance with financial regulations and maintains the integrity of the company's financial systems and processes.
Summer Condarco
Summer Condarco leads Halliburton's global Service Quality, Continuous Improvement, and Health, Safety & Environment functions. As a member of the Halliburton Executive Committee, she drives initiatives to enhance operational excellence and maintain the company's strong safety culture.
Open Positions
Reddit Discussions
Key Differentiators
Market Leader
Halliburton is recognized as a market leader in the Energy & Utilities sector, demonstrating strong industry presence and customer trust.
Enterprise Scale
With $22900M in revenue, Halliburton operates at enterprise scale with proven market validation.
Frequently Asked Questions
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