Halliburton

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.

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

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

• Oilfield services
• Well construction services
• Drilling and completion
• Reservoir characterization software
• Production optimization services

Headquarters

HQ city

Houston

HQ country

United States

HQ region

North America

Offices7 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Supply Chain, Infrastructure, Marketing or Sales

Revenue model

1. 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.
2. 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.
3. 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).
4. 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).
5. 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

Go-to-market motion2 records

Distribution channels3 records

Marketing channels6 records

Core 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

Named customers7 records

Segments5 records

Ideal customer profiles1 record

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

AI capability9 records

Feature10 records

Partnerships

Eleven partnerships are on record, tiered core and minor.

• ExxonMobilcoreStrategic or Co-development Partner · 26 June 2026ExxonMobil 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 NuclearminorStrategic or Co-development Partner · 17 June 2026Halliburton 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 EnergíacoreStrategic or Co-development Partner · 9 June 2026Halliburton 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 NVIDIAcoreTechnology or Integration · 3 June 2026Halliburton 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 CorporationcoreStrategic or Co-development Partner · 21 May 2026Jeff 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)coreTechnology or Integration · 8 May 2026Halliburton 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)coreStrategic or Co-development Partner · 7 May 2026Halliburton 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.
• EquinorcoreStrategic or Co-development Partner · 4 May 2026Equinor 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.
• ValarisminorStrategic or Co-development Partner · 4 May 2026Valaris 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 CompanyminorStrategic or Co-development Partner · 29 April 2026Halliburton 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 CarigalicoreStrategic or Co-development Partner · 28 April 2026PETRONAS 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

Direct 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

• YouTubeyoutube.com/@halliburton
• Facebookfacebook.com/halliburton
• LinkedInlinkedin.com/company/halliburton
• Instagraminstagram.com/halliburton
• Xx.com/halliburton

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Subsidiaries6 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A16 records

Investments2 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Halliburton