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Halliburton Company

HAL · NYSE

Halliburton reported FY2025 revenue of $22.2 billion and Q1 2026 revenue of $5.4 billion. The thesis turns on drilling activity, international/offshore work, North America pressure, service pricing, capex and cash conversion.

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Latest ReportMay 20, 2026HAL: Oilfield service cash flow still has to outrun the activity cycleView report ->Total Reports1Published reportView all ->Active Discussions0No visible comments yetView discussions ->Member WorkspaceLockedFinancials, timeline, comparisons, scorecard, and discussion require a paid login.View access ->
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Latest Thesis

HAL: Oilfield service cash flow still has to outrun the activity cycle

Halliburton reported FY2025 revenue of $22.2 billion and Q1 2026 revenue of $5.4 billion. The thesis turns on drilling activity, international/offshore work, North America pressure, service pricing, capex and cash conversion.

May 20, 2026Research reportSlides available
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Halliburton CompanyOilfield service cash flow still has to outrun the activity cyclMay 20, 2026
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HAL: Oilfield service cash flow still has to outrun the activity cycleHalliburton reported FY2025 revenue of $22.2 billion and Q1 2026 revenue of $5.4 billion. The thesis turns on drilling activity, international/offshore work, North America pressure, service pricing, capex and cash conversion.NYSEMay 20, 2026Research reportReadSlides