When discussing Halliburton net worth, it’s vital to understand the company’s financial health and its key business drivers.
At Ando Money, we break down Halliburton’s financial performance, exploring the factors contributing to this leading oilfield service provider’s revenue and market growth in 2024.
Quick Facts
| Fact | Detail |
|---|---|
| Name | Halliburton |
| Full Name | Halliburton Company |
| Website | www.halliburton.com |
| Industry | Oilfield Services |
| Traded as | NYSE: HAL |
| ISIN | N/A |
| Founded | 1919 |
| Founders | Erle P. Halliburton |
| Country/Territory | USA |
| Headquarters | Houston, Texas |
| Chief Executive Officer | Jeff Miller |
| Number of Employees | 40,000 |
| Market Cap | $27.44 billion |
| Total Assets | $25.152 billion |
| Total Equity | $10.046 billion |
| Revenue | $5.8 billion (Q2 2024) |
| Net Income | $709 million (Q2 2024) |
What is the Net Worth/Market Cap of Halliburton in 2024?
As of October 2024, Halliburton’s market cap stands at $27.44 billion, positioning the company among global leaders in the oilfield services sector.
Compared to other giants in the industry, Halliburton holds its ground firmly. This ranking places it as one of the top companies in its field.
Related companies in the industry:
- Schlumberger
- Baker Hughes
- Weatherford International
- National Oilwell Varco
- TechnipFMC
- Transocean
- Saipem
- Nabors Industries
- Patterson-UTI
- Ensco
For more details on how Halliburton compares with other financially influential companies, visit our overview of the largest financial giants in the world.
Halliburton Financial Performance Overview
Key Revenue Streams and Business Segments
Halliburton‘s business primarily revolves around two segments: Completion and Production and Drilling and Evaluation.
In Q2 2024, the Completion and Production segment brought in $3.4 billion, while Drilling and Evaluation contributed $2.4 billion.
The balance between these segments helps maintain consistent growth, making both critical to Halliburton’s financial health.
International and Domestic Operations Impact on Financial Performance
International markets are crucial for Halliburton’s growth.
The company’s revenue was split between North America with $2.5 billion (showing a 3% sequential decline) and international regions, contributing $3.4 billion (a 3% sequential increase).
The company’s operations across Latin America, Europe/Africa, and the Middle East/Asia collectively balance out domestic market fluctuations.
Completion and Production: The Driving Force of Revenue
The Completion and Production segment has consistently driven revenue, particularly through activities like stimulation, well intervention, and cementing services.
Notably, this segment’s operating income rose to $723 million in Q2 2024, reflecting the significance of international completion tool sales, particularly in the Eastern Hemisphere.
Drilling and Evaluation: Contribution to Earnings
Drilling and Evaluation hold an essential role in Halliburton’s overall financial structure. In Q2 2024, this segment reported revenue of $2.4 billion and an operating income of $403 million.
Despite being flat sequentially, the diverse range of services under this segment, such as drilling-related services, wireline activity, and testing services, contribute substantially to the company’s financial foundation.
Financial Management and Shareholder Returns
Halliburton has maintained a strong focus on returning value to shareholders. The company repurchased $250 million worth of its stock and paid dividends of $0.17 per share in Q2 2024.
These actions reflect a commitment to rewarding investors while balancing operational growth.
Technological Advancements and Their Revenue Impact
Technological development is a cornerstone of Halliburton’s strategy.
The company’s innovations, such as GeoESP® lifting pumps for geothermal energy and the SentinelCem™ Pro cement system, have not only advanced the industry but also directly contributed to revenue growth.
Additionally, Halliburton’s strategic partnerships in AI have further cemented its position as a leader in energy services.
Key Financial Metrics Reflecting Growth and Stability
The company’s key financial metrics reveal its healthy performance. Halliburton reported a free cash flow of approximately $800 million in Q2 2024, with an operating margin of 18%.
These figures underline strong operational efficiency and solid financial footing.
Capital Expenditure and Investments: Enhancing Revenue Growth
Investments are vital for the future, and Halliburton spent $677 million on capital expenditures over six months ending June 30, 2024.
This strategic spending on assets, equipment, and technology enables the company to enhance its operational capacity, contributing to long-term revenue growth.
Strategic Regional Developments and Revenue Growth
Geographically, its strategy is designed to cater to region-specific needs.
The company saw a 4% revenue increase in Europe/Africa and 5% in the Middle East/Asia, showing that growth in these emerging markets directly impacts its global financial performance.
Risk Management and Financial Stability
Risk management is also key for financial stability. Halliburton has faced challenges such as currency devaluations in Argentina and Egypt.
However, the company actively manages such risks, keeping net income stable and ensuring steady financial performance in diverse and sometimes volatile markets.
FAQs About Halliburton
What Services Does Halliburton Offer?
The company offers a wide range of oilfield services, including drilling, evaluation, completion, production, and intervention services, focusing on both domestic and international markets.
How Much Revenue Did Halliburton Generate in Q2 2024?
In the second quarter of 2024, Halliburton generated $5.8 billion in revenue, with significant contributions from both its Completion and Production and Drilling and Evaluation segments.
What Are Halliburton’s Key Geographical Markets?
Halliburton operates globally, with major markets in North America, Latin America, Europe/Africa, and the Middle East/Asia. Each market plays a significant role in the company’s overall revenue.
How Does Halliburton Return Value to Shareholders?
Halliburton returns value to shareholders through stock repurchases and dividend payments. In Q2 2024, the company repurchased $250 million worth of its stock and paid dividends of $0.17 per share.
What Are Halliburton’s Key Technologies?
The company has developed and introduced technologies like GeoESP® lifting pumps for geothermal energy and the SentinelCem™ Pro cement system, which enhance its service offerings and drive revenue growth.
Conclusion
For more insights into Halliburton’s financial performance and its global impact, explore more content on our website at Ando Money. Feel free to leave comments and share your thoughts!
