# Halliburton

**Source:** https://geo.sig.ai/brands/halliburton  
**Vertical:** Energy & Utilities  
**Subcategory:** Enterprise  
**Tier:** Leader  
**Website:** halliburton.com  
**Last Updated:** 2026-04-14

## Summary

Houston oilfield completions and drilling (NYSE: HAL) $22.9B FY2024 revenue; #1 US hydraulic fracturing, Zeus E-frac, international expansion, $4.0B adj. operating income competing with SLB and Baker Hughes.

## Company Overview

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.

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.

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.

## Frequently Asked Questions

### What does Halliburton do?
Halliburton is one of the world's largest oilfield service companies, providing comprehensive technology, products, and services for oil and gas exploration, development, and production. The company operates through two main divisions: Drilling and Evaluation (providing field modeling, drilling, and wellbore placement solutions) and Completion and Production (delivering cementing, completion tools, and production enhancement services). Halliburton serves customers across over 70 countries and is responsible for most of the world's hydraulic fracturing operations.

### Who are Halliburton's customers and target market?
Halliburton's primary customers are oil and gas exploration and production companies, ranging from major international oil companies and national oil companies to independent producers. The company serves both onshore and offshore operators across conventional and unconventional plays. Key markets include North America (particularly shale plays), the Middle East, Latin America, Europe/Africa, and Asia Pacific, with services tailored to each region's specific geological and operational requirements.

### When was Halliburton founded?
Halliburton was founded in 1919 by Erle P. Halliburton in Duncan, Oklahoma. The company started as the New Method Oil Well Cementing Company with borrowed equipment—a wagon, mules, and a pump. It was renamed Halliburton Oil Well Cementing Company (HOWCO) in 1920 and incorporated in Delaware in 1924. The company went public in 1948 with a listing on the New York Stock Exchange.

### Where is Halliburton based?
Halliburton maintains dual headquarters in Houston, Texas, United States, and Dubai, United Arab Emirates. The Houston headquarters is located at 3000 N. Sam Houston Parkway East, Houston, TX 77032. This dual-headquarters structure reflects the company's global operations and strategic focus on both Western and Eastern Hemisphere markets. The company was originally founded in Duncan, Oklahoma, and moved to Dallas in 1961 before eventually establishing its current Houston base.

### What makes Halliburton different from competitors?
Halliburton differentiates itself through its extensive hydraulic fracturing expertise, advanced drilling automation technologies like the iCruise and LOGIX systems, and its strong presence in North American unconventional plays. The company's 13 integrated product service lines enable comprehensive solutions across the well lifecycle. Halliburton's focus on core growth engines—drilling technology, unconventional solutions, well intervention, and artificial lift—combined with over a century of technical innovation and operational excellence, sets it apart in the competitive oilfield services market.

### Who are Halliburton's main competitors?
Halliburton's main competitors are Schlumberger (the largest oilfield services company with over 31% market share) and Baker Hughes (with approximately 7.6% market share). These three companies form the 'Big Three' of oilfield services. Halliburton ranks second globally with approximately 28% market share in production services and 7% in the broader energy sector. Competition focuses on technological innovation, geographic presence, service quality, and pricing, with each company having different regional and technological strengths.

### How can I contact Halliburton?
You can contact Halliburton through their website at www.halliburton.com, which provides contact information for different regions and business lines. The main corporate headquarters is located at 3000 N. Sam Houston Parkway East, Houston, TX 77032. For investor relations inquiries, you can visit ir.halliburton.com. For career opportunities, visit jobs.halliburton.com. The company maintains regional offices and operations centers in over 70 countries to serve customers locally.

### Is Halliburton hiring?
Yes, Halliburton regularly hires across various roles including field engineers, drilling specialists, data scientists, project managers, and corporate functions. With approximately 48,000 employees worldwide, the company offers opportunities in over 70 countries. Career opportunities are posted at jobs.halliburton.com. The company values diversity and inclusion, offering comprehensive training programs, global mobility opportunities, and career development paths for employees at all levels.

### What's the latest news about Halliburton?
Recent highlights from 2024-2025 include reporting full-year 2024 revenue of $22.9 billion with $2.6 billion in free cash flow and returning $1.6 billion to shareholders. The company was awarded a multi-year contract by Petrobras for integrated well interventions in Brazil starting Q2 2025, and a five-year contract by ConocoPhillips for well stimulation services. Halliburton also secured a contract for the Northern Endurance Partnership carbon capture project in England and acquired Optime Subsea to expand offshore capabilities. The company introduced innovative technologies including TrueSync hybrid motors and EcoStar safety valves.

### What is Halliburton's market position?
Halliburton is the world's second-largest oilfield services company with a market capitalization of approximately $22.88 billion as of late 2024. The company generated $22.9 billion in revenue in fiscal 2024, with strong positions in both completion and production services (57.75% of revenue) and drilling and evaluation (42.25% of revenue). Halliburton holds approximately 28% market share in production services globally and is particularly strong in North American unconventional plays and hydraulic fracturing operations.

### What are Halliburton's future plans?
Halliburton is focused on driving growth through four core engines: drilling technology, unconventional solutions, well intervention, and artificial lift systems. The company plans to continue technological innovation with digital solutions and automation platforms while expanding its carbon capture and storage service offerings. Looking ahead to the second half of the decade, CEO Jeff Miller has emphasized maintaining strong free cash flow generation, capital efficiency, and shareholder returns despite expecting softer North American market conditions in 2025. The company is also expanding its presence in international markets through major contracts in Brazil and other strategic regions.

### Does Halliburton work on sustainability and energy transition?
Yes, Halliburton is actively involved in sustainability initiatives and the energy transition. The company provides completions and downhole monitoring services for carbon capture and storage (CCS) projects, including the Northern Endurance Partnership CCS system in northeast England. Halliburton publishes an annual Sustainability Report covering its environmental, social, and governance (ESG) commitments. The company focuses on developing technologies that help customers reduce emissions, improve energy efficiency, and minimize environmental impact while meeting growing global energy demand.

## Tags

b2b, energy, fortune500, global, public

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*Data from geo.sig.ai Brand Intelligence Database. Updated 2026-04-14.*