- Business
- Halliburton Company (HAL.SW) provides a comprehensive range of products and services to the energy industry, primarily focused on oilfield services, drilling, completion, and production optimization. The company offers core products and services including cementing and completion tools; drilling fluids, bits, and services; directional drilling systems; evaluation and monitoring tools such as logging-while-drilling and wireline services; fluid handling equipment; multishot and single-shot survey tools; perforating guns; pressure pumping equipment; project management software; surface wellhead and mud pump products; testing services; and underbalanced services, organized under its two main segments: Completion & Production and Drilling & Evaluation. Halliburton serves major, independent, and national oil companies worldwide, with operations spanning North America, Latin America, Europe, Africa, the Middle East, and Asia. Founded in 1919 and headquartered in Houston, Texas, the company maintains a global footprint through numerous subsidiaries and service centers.
In recent developments, Halliburton has pursued strategic expansions including the launch of its DecisionIQ platform for real-time decision-making in drilling operations and partnerships with technology firms to advance digital oilfield solutions; it also completed acquisitions such as the 2024 purchase of an automation software provider to enhance its production optimization capabilities. The company announced a multiyear alliance with a leading national oil company in the Middle East for integrated drilling services in late 2024, alongside securing significant contracts for offshore projects in the Gulf of Mexico amid rising energy demand. These initiatives reflect Halliburton's shift toward integrated digital and sustainable energy services, positioning it for growth in both conventional and unconventional hydrocarbon markets.