Halliburton
Halliburton is a global oilfield services company providing subsurface evaluation, drilling, completions, production optimization, and digital software to major IOCs, NOCs, and independents across the full well lifecycle.
- Company typePublic
- Founded1919
- HeadquartersHouston, United States
- Headcount5,001–10,000
- GTM typeB2B
- OfferingServices
What Halliburton does
Halliburton is a global oilfield services company headquartered in Houston, Texas, founded in 1919 and publicly traded on the NYSE under ticker HAL. The company serves the upstream oil and gas industry across the entire well lifecycle: subsurface evaluation, well construction (drilling, cementing, automation, fluids), completions (stimulation, sand control, intervention), production optimization (artificial lift, specialty chemicals, well intervention), and digital software. It operates two reportable segments—Completion and Production, and Drilling and Evaluation—supported by a third, smaller digital and software revenue stream that bundles cloud-native subscriptions with consulting services. Halliburton's technology stack includes the LOGIX automation platform (integrated with Sekal's DrillTronics post-April 2026 acquisition), the Landmark DecisionSpace 365 cloud-native software suite, the iCruise rotary steerable system, and proprietary completion chemistry systems such as N-FLOW filter cake breakers, CleanWell wellbore cleanup solutions, and BaraKlean. The Landmark platform now incorporates InformatiQ AS (acquired June 2026) and is integrated with AWS generative AI (Seismic Engine assistant), Shape Digital's AI portfolio, and Dell/NVIDIA hardware for vision AI and agentic AI workflows. Sub-brands include Landmark, LOGIX, CleanWell, N-FLOW, BaraKlean, Baroid, iCruise, DrillTronics, DecisionSpace 365, iEnergy, and SmartDigital.
Halliburton makes money primarily through B2B enterprise oilfield services contracts negotiated directly with major international oil companies (ExxonMobil, Shell, BP, Chevron, TotalEnergies), national oil companies (Equinor, PETRONAS, YPF), and independent producers in U.S. shale and Argentine unconventional plays. Pricing is project- and contract-specific, typically structured as multi-year frameworks (e.g., Equinor's $1.8B Norwegian Continental Shelf contracts), integrated managed services bundles (e.g., YPF's multibillion-dollar Vaca Muerta unconventional completions contract), per-well or per-job pricing, or recurring SaaS subscriptions for the Landmark software suite. Distribution is purely direct, organized under two hemisphere presidents (Casey Maxwell for Western Hemisphere, Rami Yassine for Eastern Hemisphere) with regional leadership in Latin America, Europe/Africa, the Middle East, and Asia Pacific. Marketing channels center on an enterprise website, the annual Technology Showcase, industry conference participation (EAGE, OTC), and the Halliburton Labs energy technology accelerator. Operations span 12+ countries including the U.S., Argentina, Venezuela, the U.K., Norway, the UAE, Azerbaijan, Indonesia, Nigeria, China, Qatar, and Greenland, with revenue of approximately $5.40B in Q1 2026, net income of $461M, operating income of $679M, and ~85% of free cash flow returned to shareholders via dividends and buybacks. The CEO is Jeff Miller (Chairman, President and CEO since 2019), with Eric Carre as CFO and J. Shannon Slocum newly appointed COO in 2026.
Halliburton holds the most active U.S. patent portfolio among oil and natural gas service companies, has executed a steady cadence of acquisitions and partnerships (Sekal AS, InformatiQ AS, Shape Digital, Pampa Energía, AWS, Dell/NVIDIA, Veriten, VoltaGrid), and is actively expanding into adjacent verticals including geothermal energy (RangeStar), carbon capture monitoring (Well Assure), nuclear waste disposal (Deep Isolation consortium), and data center microgrids (VoltaGrid investment). The company's market position is as one of three dominant players in a $300B+ global oilfield services market alongside SLB and Baker Hughes.
Halliburton firmographics
Firmographics- Name
- Halliburton
- Legal name
- Halliburton Energy Services, Inc.
- Website
- https://halliburton.com
- Company type
- Public
- Founded year
- 1919
- Operating status
- Operating
- Headcount range
- 5,001–10,000 employees
- Short description
- Halliburton is a global oilfield services company providing subsurface evaluation, drilling, completions, production optimization, and digital software to major IOCs, NOCs, and independents across the full well lifecycle.
- Ownership category
- akta.pro rank
Halliburton industry classification
Industry- Product category
- Oilfield Services
- NAICS
- Oil and Gas Field Machinery and Equipment Manufacturing (333132), Support Activities for Mining (21311)
- SIC
- Oil & Gas Field Machinery & Equipment (3533), Oil & Gas Field Services, Nec (1389)
- akta.pro primary industry
- Oilfield Equipment Manufacturing & Supply (Wellheads, BOPs, Surface Equipment) (EUALABAL)
Keywords
Where Halliburton is headquartered
LocationHeadquarters
- HQ city
- Houston
- HQ country
- United States
- HQ region
- North America
Offices7 records
Markets served
Halliburton business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Supply Chain, Infrastructure, Marketing or Sales
Revenue model
- Oilfield Services - Completion and Production: Halliburton's Completion and Production segment provides pressure pumping, hydraulic fracturing, sand control, well intervention, and production optimization services. This is a core revenue driver heavily tied to North American shale activity and international completions work. Q1 2026 showed resilient demand for pressure pumping and completion services.
- Oilfield Services - Drilling and Evaluation: Drilling and Evaluation segment covers directional drilling, measurement-while-drilling, wireline logging, drilling fluids, well cementing, and formation evaluation. The segment outperformed expectations in Q1 2026.
- Digital and Software Solutions: Halliburton generates software and technology licensing revenue through its Landmark digital platform suite (DecisionSpace 365, iEnergy), LOGIX automation, and AI-powered tools. The company has been expanding its digital business through acquisitions (InformatiQ, Sekal) and multi-year digital transformation agreements (e.g., Pampa Energía).
- Integrated Drilling and Well Services Contracts: Long-term, large-scale contracts covering integrated drilling, completion, and well services (e.g., YPF multibillion-dollar unconventional completions contract in Argentina's Vaca Muerta; Equinor's $1.8B drilling and well services framework).
- Specialty Chemicals and Fluids: Sale of proprietary completion fluids, drilling fluids, filter cake breakers (N-FLOW systems), wellbore cleaners (BaraKlean), packer fluids, and specialty chemicals for upstream oil and gas operations.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | Enterprise oilfield services contracts with major IOC/NOC operators |
Go-to-market motion2 records
Distribution channels3 records
Marketing channels6 records
Halliburton product offering
Product offeringCore offering
Halliburton is a global oilfield services company that delivers integrated solutions across the upstream energy lifecycle, including drilling, well construction, cementing, completions, stimulation, and production optimization. The company also sells proprietary digital software platforms (DecisionSpace 365, Landmark, LOGIX, DrillTronics) and specialty chemical systems for wellbore cleanup, sand control, and filter cake removal, serving major IOCs, NOCs, and independent oil and gas producers worldwide.
Product overview
Halliburton offers a comprehensive portfolio of oilfield services organized across major segments: Well Construction (drilling, drilling fluids, well cementing, automation, directional drilling), Completions (sand control, stimulation, wellbore tools, completion fluids), Production (artificial lift, specialty chemicals, well intervention, pipeline services), Subsurface (formation evaluation, reservoir testing, data analysis, subsurface intelligence), Software (DecisionSpace 365 Enterprise, Landmark, iEnergy, SmartDigital, OSDU), and Integrated Services. Key technology platforms include the LOGIX automation platform for drilling automation and remote operations, and Landmark Digital Field Solver for integrated subsurface and surface decision-making. The company has expanded its digital capabilities through acquisitions including Sekal AS (DrillTronics automation) and InformatiQ AS (cloud-native subsurface software). Product offerings span both physical products (completion tools, sand control systems, wellbore cleaning solutions like CleanWell and N-FLOW filter cake breakers, directional drilling systems) and software platforms (DecisionSpace 365, Landmark, iEnergy). Halliburton also provides specialized services for geothermal, carbon capture, and nuclear waste disposal applications.
Differentiator
Problem solved
Functional benefit
Brands
- Landmark: Digital subsurface software and oilfield technology solutions including DecisionSpace 365, drilling software, and reservoir modeling tools
- LOGIX
- CleanWell
- N-FLOW
- BaraKlean
- Baroid
- DecisionSpace 365
- iCruise
- DrillTronics
- iEnergy
Products and services
- DecisionSpace 365 Enterprise Cloud-native enterprise software platform for subsurface characterization, well planning, drilling workflows, and reservoir management across the oilfield lifecycle.
- LOGIX Automation Platform Advanced digital automation and remote operations platform for drilling that enables critical engineering and operations insights, integrated with Sekal's DrillTronics system.
- iCruise Rotary Steerable System Downhole drilling technology enabling precise directional control while maintaining continuous drillstring rotation for complex wells.
- CleanWell Solutions Comprehensive portfolio of filtration services, wellbore cleanup fluids, mechanical wellbore cleaning tools, and software modeling for effective wellbore cleanup and displacement.
- N-FLOW Filter Cake Breaker Systems Soluble filter cake cleanup system offering slow release of organic acids for enhanced production and decreased HSE risk, available in multiple formulations.
- OSTMZ Sand Control System Streamlined multizone completions system for efficient sand control in offshore and onshore operations.
- Volta All-Electric Control System
Quantifiable outcome
- Up to 25% reduction in well delivery times through combined LOGIX automation and DrillTronics platform
- +8 more outcomes
Companies that use Halliburton
Customer profileNamed customers7 records
Segments5 records
Ideal customer profiles1 record
Halliburton technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration1 record
AI capability9 records
Feature10 records
Halliburton partnerships and signals
Strategic signalPartnerships
Eleven partnerships are on record, tiered core and minor.
- ExxonMobilcoreExxonMobil and Halliburton achieved the world's first fully closed-loop automated geological well placement in Guyana, demonstrating advanced digital well construction technology. The achievement validates Halliburton's digital automation capabilities in deepwater frontier environments.
- Deep Isolation NuclearminorHalliburton participates in a consortium led by Deep Isolation Nuclear for the world's first full-scale deep borehole disposal demonstration at Cameron, Texas. Halliburton provides drilling expertise and technology for the demonstration, which received up to $20 million in funding from the U.S. DOE ARPA-E SCALEUP Ready program. Other consortium members include Westinghouse, NAC International, Amentum, and Occlusion Nuclear Solutions.
- Pampa EnergíacoreHalliburton signed a multi-year agreement with Pampa Energía to support digital transformation of unconventional operations in Argentina's Vaca Muerta shale region. The deal covers digital orchestration, high-resolution reservoir modeling, logistics optimization, and energy efficiency management. Represents a strategic win for Halliburton in Latin American energy services.
- Dell Technologies and NVIDIAcoreHalliburton participated in the Dell AI Factory with NVIDIA showcase at EAGE 2026 in Aberdeen, demonstrating AI-powered solutions for the oil and gas industry including physics-informed AI for seismic imaging, reservoir simulation agents, vision AI for safety monitoring, and agentic AI for upstream operations on the Dell/NVIDIA platform.
- Noble CorporationcoreJeff Miller, Halliburton's Chairman, President and CEO, was appointed to serve as a director on Noble Corporation plc's board. Miller brings deepwater operational expertise, multi-cycle industry experience, and international contract strategy insight to Noble's governance as the offshore drilling sector navigates a recovery phase.
- Amazon Web Services (AWS)coreHalliburton partnered with the AWS Generative AI Innovation Center to develop an AI-powered assistant for its Seismic Engine cloud-native application, enabling geoscientists to create complex seismic processing workflows through natural language. Built on Amazon Bedrock, Amazon Nova, and Amazon DynamoDB, achieving 84-97% workflow creation success rates.
- Shape Digital (MODEC spin-off)coreHalliburton and Shape Digital formed a strategic collaboration to advance digital asset performance management, integrating Halliburton Landmark's Digital Field Solver platform with Shape Digital's AI technologies (Shape Lighthouse, Aura, and Reef). The partnership connects subsurface and surface operational intelligence across the production lifecycle, aiming to improve integrated production planning, energy efficiency, and safety outcomes across FPSO and broader energy operations.
- EquinorcoreEquinor extended $1.8 billion (NOK 17 billion) in drilling and well services contracts, exercising options under existing integrated drilling contracts with Halliburton, Baker Hughes, and SLB. The contracts cover the Norwegian Continental Shelf and are expected to employ approximately 2,500 people. Halliburton is confirmed as a core contractor for specialist services framework agreements.
- ValarisminorValaris entered into a strategic collaboration agreement with PETRONAS Suriname and Halliburton to support development of offshore assets. The partnership combines drilling contractor capabilities with Halliburton's well construction and digital services.
- Greenland Energy CompanyminorHalliburton signed an agreement with Greenland Energy for integrated consulting, well, and drilling services for its onshore exploration campaign in the Jameson Land Basin, Greenland. Partnership covers logistical management, equipment handling, transportation, and comprehensive well services. Drilling planned for H2 2026.
- PETRONAS CarigalicorePETRONAS Carigali Sdn. Bhd. to deploy Halliburton Landmark solutions to accelerate time to first oil, deploying next-generation subsurface modeling and reservoir management capabilities for Malaysia's national oil company.
Scale indicators14 records
Recent moves6 records
Expansion highlights7 records
Halliburton competitors and assessment
Company assessmentDirect peers
- Core Laboratories: Core Laboratories provides reservoir description and production enhancement services that directly overlap with Halliburton's subsurface evaluation, reservoir testing, and production optimization offerings for upstream operators.
- ChampionX: ChampionX is a direct competitor in production chemistry, artificial lift, and drilling technologies, overlapping with Halliburton's Baroid drilling fluids, completion chemistry, and production optimization segments.
- TechnipFMC: TechnipFMC is a direct peer in integrated drilling, subsea completions, and well construction services, with overlapping capabilities in offshore and deepwater well hardware, intervention systems, and integrated project execution.
- SLB (Schlumberger): SLB is the world's largest oilfield services company and Halliburton's closest direct competitor, offering a nearly identical portfolio across drilling, completions, production, and digital/software solutions for upstream oil and gas operators globally.
- Weatherford International: Weatherford International is a direct oilfield services peer competing with Halliburton in drilling, evaluation, completions, and production services across both onshore and offshore markets globally.
- Baker Hughes: Baker Hughes is one of the top three global oilfield services companies and directly competes with Halliburton across drilling services, completions, production chemistry, and digital solutions, including as a co-contractor on Equinor's Norwegian Continental Shelf framework agreements.
- Oceaneering International: Oceaneering International competes with Halliburton in subsea intervention, subsea completion hardware, and offshore services, with overlapping capabilities in umbilical-less intervention systems and offshore well access technologies.
Emerging players
- Noble Corporation: Noble Corporation is an offshore drilling contractor that partners with Halliburton on integrated drilling projects (e.g., PETRONAS Suriname collaboration) and represents a complementary service provider across the well construction value chain rather than a direct competitor.
- Cactus Wellhead: Cactus Wellhead is a specialized equipment manufacturer that competes with Halliburton in wellhead systems and surface production equipment for U.S. shale and conventional oil and gas operations.
Broad incumbents
- Saipem: Saipem is a broader engineering and construction services incumbent in the energy sector, with overlapping capabilities in drilling and well services but a wider portfolio spanning offshore engineering, construction, and renewable infrastructure projects.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Halliburton social profiles
Digital presenceHalliburton financial estimates
Financial estimateRevenue estimate
Valuation estimate
Halliburton leadership team
Management profileNumber of profiles
Profiles10 records
Halliburton subsidiaries and ownership
Company hierarchySubsidiaries6 records
Halliburton funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Halliburton M&A and investment
M&A and investmentM&A16 records
Investments2 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Halliburton
What does Halliburton do?
Halliburton is a global oilfield services company that delivers integrated solutions across the upstream energy lifecycle, including drilling, well construction, cementing, completions, stimulation, and production optimization. The company also sells proprietary digital software platforms (DecisionSpace 365, Landmark, LOGIX, DrillTronics) and specialty chemical systems for wellbore cleanup, sand control, and filter cake removal, serving major IOCs, NOCs, and independent oil and gas producers worldwide.
Is Halliburton a public or private company?
Halliburton is a public company. It is classified as public and is currently operating.
When was Halliburton founded?
Halliburton was founded in 1919. It employs 5,001 to 10,000 people.
Where is Halliburton based?
Halliburton is headquartered in Houston, United States, in the North America region.
How does Halliburton make money?
Five revenue lines are on record. Oilfield Services - Completion and Production is the primary driver. The others are oilfield Services - Drilling and Evaluation, digital and Software Solutions, integrated Drilling and Well Services Contracts and specialty Chemicals and Fluids.
Who are Halliburton's main competitors?
Direct peers on record are Core Laboratories, ChampionX, TechnipFMC, SLB (Schlumberger), Weatherford International, Baker Hughes and Oceaneering International. Emerging players are Noble Corporation and Cactus Wellhead. Saipem is listed as a broad incumbent.
Does Halliburton have an API?
No public API is recorded for Halliburton.
What industry is Halliburton in?
Halliburton's product category is Oilfield Services. Its primary akta.pro industry code is EUALABAL, Oilfield Equipment Manufacturing & Supply (Wellheads, BOPs, Surface Equipment). Its NAICS code is 333132 and its SIC code is 3533.