Halliburton

Halliburton Company stands as one of the world's preeminent oilfield service providers, delivering cutting-edge technology and services that improve efficiency, increase recovery, and maximize production for energy companies worldwide. Founded in 1919, the company has grown from its humble beginnings as a small oil well cementing operation in Duncan, Oklahoma, to become a global powerhouse with operations spanning over 70 countries. With dual headquarters in Houston, Texas, and Dubai, UAE, Halliburton serves customers across every major oil and gas producing region, from the shale fields of North America to the deep waters of the Gulf of Mexico and the challenging environments of the Middle East and Asia Pacific.

The company operates through two primary business divisions: Drilling and Evaluation, and Completion and Production. These divisions encompass 13 product service lines that deliver innovative solutions across the entire lifecycle of oil and gas wells. Halliburton's Drilling and Evaluation division provides field and reservoir modeling, drilling, evaluation, and precise wellbore placement solutions that enable customers to optimize hydrocarbon recovery. The Completion and Production division delivers cementing, completion tools, production enhancement, and pipeline services that maximize asset value throughout the production phase. With approximately 48,000 employees worldwide, Halliburton combines deep technical expertise with operational excellence to address the industry's most complex challenges.

In fiscal year 2024, Halliburton generated $22.9 billion in revenue, demonstrating its position as a market leader alongside competitors like Schlumberger and Baker Hughes. The company's largest revenue segment, Completion and Production, accounted for $13.25 billion (57.75% of total revenue), while Drilling and Evaluation contributed $9.69 billion (42.25%). Halliburton's financial performance reflects its strategic focus on core growth engines including drilling technology, unconventional solutions, well intervention, and artificial lift systems. The company generated over $2.6 billion in free cash flow in 2024, returning more than $1.6 billion to shareholders through dividends and share repurchases.

Under the leadership of Chairman, President, and CEO Jeff Miller, Halliburton continues to drive innovation in oilfield technology. The company has introduced groundbreaking solutions such as the iCruise Force intelligent rotary steerable system, the LOGIX automation and remote operations platform, and the Intelli family of diagnostic wireline logging services. These technological advancements help customers reduce drilling time, lower costs, and improve well performance. Halliburton's commitment to sustainability is reflected in its work on carbon capture and storage projects, including providing completions and downhole monitoring services for the Northern Endurance Partnership in northeast England. With a market capitalization of approximately $22.88 billion as of late 2024, Halliburton remains positioned to thrive in the evolving energy landscape through its combination of technical leadership, global reach, and customer-focused innovation.