HALLIBURTON CO
HAL · Oil & Gas Field Services, NEC · 835.4M shares · +1%/yr ↑ shares · EDGAR filings ↗
Net buyback after stock comp: $583M (gross $800M, SBC $217M)
Reference price $35.89 · est. market cap ~$30.0B — last insider sale, 2026-06-18 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)
Grade
B72Halliburton is a scaled #2 oilfield-services franchise with solid returns but a sharp cyclical earnings decline.
Strengths
- Strong ROA 5.1% (90th pct) and ROE 12.3% (77th); robust operating cash flow ($2.9B)
- Largest-in-sector cash balance (100th pct) and disciplined capital returns (>50% of FCF)
- Technology/digital differentiation (Zeus electric fleet, Landmark)
Risks
- Net income fell ~49% (17th pct) on softer rig counts — a real cyclical growth stall
- Commodity-price dependence drives demand volatility
- Higher leverage (D/E 0.68, 83rd pct) and customer-concentration/CDS exposure in Mexico
Notable findings
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Return on equity
12.3%
Return on assets
5.1%
ROIC
10.1%
Revenue growth (QoQ)
7.1%
Net-income growth
-48.7%
Debt / equity
0.7×
Net debt / EBITDA
1.5×
Current ratio
2.0×
EBITDA
$3.4B
Tangible book value
$7.5B
Cash & investments
$2.2B
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-06-18 | Carre Eric | Sell | 25K | $35.89 |
| 2026-05-15 | Beckwith Van H. | Sell | 198K | $41.29 |
| 2026-05-05 | Maxwell Michael Casey | Sell | 6.8K | $42.00 |
| 2026-05-05 | Maxwell Michael Casey | Sell | 14K | $41.84 |
| 2026-04-30 | Young Tobi M. | Sell | 500 | $41.73 |
| 2026-04-30 | Young Tobi M. | Sell | 5.6K | $41.72 |
| 2026-04-30 | McKeon Timothy | Sell | 8.7K | $42.00 |
| 2026-03-27 | Miller Jeffrey Allen | Sell | 158K | $40.00 |
| 2026-03-16 | Slocum Jeffrey Shannon | Sell | 5.4K | $33.82 |
| 2026-03-16 | Beckwith Van H. | Sell | 20K | $33.82 |
| 2026-03-06 | McKeon Timothy | Sell | 3.8K | $34.37 |
| 2026-03-05 | Beckwith Van H. | Tax withheld | 13K | $36.00 |
| 2026-03-05 | Yassine Rami | Tax withheld | 1.4K | $36.00 |
| 2026-03-05 | Slocum Jeffrey Shannon | Tax withheld | 3.4K | $36.00 |
| 2026-03-05 | Sharp Jill D. | Tax withheld | 1.2K | $36.00 |
| 2026-03-05 | Carre Eric | Tax withheld | 13K | $36.00 |
| 2026-03-05 | McKeon Timothy | Tax withheld | 1.2K | $36.00 |
| 2026-03-05 | Miller Jeffrey Allen | Tax withheld | 46K | $36.00 |
| 2026-03-05 | Pope Lawrence J | Tax withheld | 13K | $36.00 |
| 2026-02-27 | Yassine Rami | Grant | 5.9K | $36.00 |
| 2026-02-27 | Slocum Jeffrey Shannon | Grant | 8.8K | $36.00 |
| 2026-02-27 | Sharp Jill D. | Grant | 5.1K | $36.00 |
| 2026-02-27 | Beckwith Van H. | Grant | 32K | $36.00 |
| 2026-02-27 | Carre Eric | Grant | 32K | $36.00 |
| 2026-02-27 | McKeon Timothy | Grant | 5.1K | $36.00 |
| 2026-02-27 | Miller Jeffrey Allen | Grant | 116K | $36.00 |
| 2026-02-27 | Pope Lawrence J | Grant | 32K | $36.00 |
| 2026-01-26 | Banks Margaret Katherine | Sell | 2.6K | $34.17 |
| 2026-01-23 | Miller Jeffrey Allen | Option exercise | 171K | $31.44 |
| 2026-01-23 | Beckwith Van H. | Option exercise | 54K | $23.57 |
| 2026-01-23 | Beckwith Van H. | Sell | 54K | $34.96 |
| 2026-01-23 | Miller Jeffrey Allen | Sell | 171K | $34.96 |
| 2026-01-09 | Beckwith Van H. | Sell | 18K | $32.30 |
| 2026-01-09 | Slocum Jeffrey Shannon | Sell | 24K | $32.30 |
| 2026-01-08 | Beckwith Van H. | Tax withheld | 6.2K | $29.60 |
| 2026-01-08 | Holzhauser Stephanie Spoelker | Tax withheld | 4.3K | $29.60 |
| 2026-01-08 | Sharp Jill D. | Tax withheld | 2.8K | $29.60 |
| 2026-01-08 | Richard Mark | Tax withheld | 7.5K | $29.60 |
| 2026-01-08 | Carre Eric | Tax withheld | 6.3K | $29.60 |
| 2026-01-08 | McKeon Timothy | Tax withheld | 1.1K | $29.60 |
| 2026-01-08 | Miller Jeffrey Allen | Tax withheld | 30K | $29.60 |
| 2026-01-08 | Pope Lawrence J | Tax withheld | 6.2K | $29.60 |
| 2026-01-08 | Slocum Jeffrey Shannon | Tax withheld | 7.9K | $29.60 |
| 2026-01-08 | Yassine Rami | Tax withheld | 3.7K | $29.60 |
| 2026-01-05 | Pope Lawrence J | Sell | 100K | $32.25 |
| 2026-01-02 | Yassine Rami | Grant | 41K | $29.60 |
| 2026-01-02 | Pope Lawrence J | Grant | 35K | $29.60 |
| 2026-01-02 | Yassine Rami | Option exercise | 3.6K | $29.60 |
| 2026-01-02 | Holzhauser Stephanie Spoelker | Grant | 5.6K | $29.60 |
| 2026-01-02 | Slocum Jeffrey Shannon | Grant | 56K | $29.60 |
| 2026-01-02 | Sharp Jill D. | Grant | 5.6K | $29.60 |
| 2026-01-02 | Beckwith Van H. | Grant | 35K | $29.60 |
| 2026-01-02 | Richard Mark | Grant | 41K | $29.60 |
| 2026-01-02 | Carre Eric | Grant | 38K | $29.60 |
| 2026-01-02 | McKeon Timothy | Grant | 5.6K | $29.60 |
| 2026-01-02 | Miller Jeffrey Allen | Grant | 133K | $29.60 |
| 2025-12-05 | Young Tobi M. | Option exercise | 6.1K | — |
| 2025-12-05 | Banks Margaret Katherine | Option exercise | 6.1K | — |
| 2025-12-05 | Malone Robert A | Option exercise | 6.1K | — |
| 2025-12-05 | GERBER MURRY | Option exercise | 6.1K | — |
| 2025-12-05 | Beckwith Van H. | Sell | 8.9K | $27.89 |
| 2025-12-04 | Pope Lawrence J | Tax withheld | 5.8K | $26.91 |
| 2025-12-04 | Beckwith Van H. | Tax withheld | 5.7K | $26.91 |
| 2025-12-04 | Richard Mark | Tax withheld | 7.4K | $26.91 |
| 2025-12-04 | Carre Eric | Tax withheld | 5.7K | $26.91 |
| 2025-12-04 | McKeon Timothy | Tax withheld | 658 | $26.91 |
| 2025-12-04 | Miller Jeffrey Allen | Tax withheld | 21K | $26.91 |
| 2025-11-12 | Richard Mark | Sell | 160K | $27.77 |
| 2025-05-29 | Weiss Janet L | Buy | 8.6K | $19.79 |
| 2025-04-29 | Slocum Jeffrey Shannon | Tax withheld | 11K | $20.85 |
| 2025-03-14 | Carre Eric | Sell | 51K | $25.00 |
| 2025-03-07 | McKeon Timothy | Sell | 10K | $24.60 |
| 2025-03-06 | Slocum Jeffrey Shannon | Tax withheld | 6.8K | $25.01 |
| 2025-03-06 | McKeon Timothy | Tax withheld | 3.4K | $25.01 |
| 2025-03-06 | Carre Eric | Tax withheld | 33K | $25.01 |
| 2025-03-06 | Miller Jeffrey Allen | Tax withheld | 117K | $25.01 |
| 2025-03-06 | Geer Charles Jr. | Tax withheld | 3.4K | $25.01 |
| 2025-03-06 | Richard Mark | Tax withheld | 41K | $25.01 |
| 2025-03-06 | Beckwith Van H. | Tax withheld | 33K | $25.01 |
| 2025-03-06 | Pope Lawrence J | Tax withheld | 33K | $25.01 |
| 2025-03-06 | Sharp Jill D. | Tax withheld | 4.1K | $25.01 |
| 2025-03-04 | Banks Margaret Katherine | Sell | 3.9K | $24.04 |
| 2025-03-03 | Carre Eric | Grant | 84K | $25.01 |
| 2025-03-03 | McKeon Timothy | Grant | 14K | $25.01 |
| 2025-03-03 | Pope Lawrence J | Grant | 84K | $25.01 |
| 2025-03-03 | Geer Charles Jr. | Grant | 14K | $25.01 |
| 2025-03-03 | Richard Mark | Grant | 105K | $25.01 |
| 2025-03-03 | Slocum Jeffrey Shannon | Grant | 17K | $25.01 |
| 2025-03-03 | Miller Jeffrey Allen | Grant | 298K | $25.01 |
| 2025-03-03 | Beckwith Van H. | Grant | 84K | $25.01 |
| 2025-02-11 | Carre Eric | Sell | 141K | $26.13 |
| 2025-01-17 | Beckwith Van H. | Tax withheld | 1.4K | $28.91 |
| 2025-01-07 | Geer Charles Jr. | Tax withheld | 214 | $27.68 |
| 2025-01-07 | Sharp Jill D. | Grant | 14K | $25.01 |
| 2025-01-07 | Slocum Jeffrey Shannon | Tax withheld | 1.1K | $27.68 |
| 2025-01-07 | Slocum Jeffrey Shannon | Tax withheld | 1.1K | $27.68 |
| 2025-01-07 | Slocum Jeffrey Shannon | Tax withheld | 2.2K | $27.68 |
| 2025-01-07 | Miller Jeffrey Allen | Tax withheld | 4.0K | $27.68 |
| 2025-01-07 | Miller Jeffrey Allen | Tax withheld | 10K | $27.68 |
| 2025-01-07 | Sharp Jill D. | Tax withheld | 368 | $27.68 |
| 2025-01-07 | Sharp Jill D. | Tax withheld | 214 | $27.68 |
| 2025-01-07 | Sharp Jill D. | Tax withheld | 1.6K | $27.68 |
| 2025-01-07 | Richard Mark | Tax withheld | 1.5K | $27.68 |
| 2025-01-07 | Richard Mark | Tax withheld | 2.3K | $27.68 |
| 2025-01-07 | Pope Lawrence J | Tax withheld | 1.2K | $27.68 |
| 2025-01-07 | Pope Lawrence J | Tax withheld | 1.8K | $27.68 |
| 2025-01-07 | McKeon Timothy | Tax withheld | 214 | $27.68 |
| 2025-01-07 | McKeon Timothy | Tax withheld | 368 | $27.68 |
| 2025-01-07 | Geer Charles Jr. | Tax withheld | 368 | $27.68 |
| 2025-01-07 | Carre Eric | Tax withheld | 1.2K | $27.68 |
| 2025-01-07 | Carre Eric | Tax withheld | 1.8K | $27.68 |
| 2025-01-07 | Beckwith Van H. | Tax withheld | 1.2K | $27.68 |
| 2025-01-07 | Beckwith Van H. | Tax withheld | 1.8K | $27.68 |
| 2025-01-06 | Sharp Jill D. | Tax withheld | 781 | $27.73 |
| 2025-01-06 | Sharp Jill D. | Tax withheld | 227 | $27.73 |
| 2025-01-06 | Richard Mark | Tax withheld | 1.8K | $27.73 |
| 2025-01-06 | Miller Jeffrey Allen | Tax withheld | 4.9K | $27.73 |
| 2025-01-06 | Pope Lawrence J | Tax withheld | 1.5K | $27.73 |
| 2025-01-06 | McKeon Timothy | Tax withheld | 227 | $27.73 |
| 2025-01-06 | Carre Eric | Tax withheld | 1.5K | $27.73 |
| 2025-01-06 | Beckwith Van H. | Tax withheld | 1.5K | $27.73 |
| 2025-01-06 | Slocum Jeffrey Shannon | Tax withheld | 1.7K | $27.73 |
| 2025-01-06 | Geer Charles Jr. | Tax withheld | 227 | $27.73 |
| 2025-01-02 | Slocum Jeffrey Shannon | Grant | 39K | $27.73 |
| 2025-01-02 | Sharp Jill D. | Grant | 5.0K | $27.73 |
| 2025-01-02 | McKeon Timothy | Grant | 5.0K | $27.73 |
| 2025-01-02 | Geer Charles Jr. | Grant | 5.0K | $27.73 |
| 2025-01-02 | Richard Mark | Grant | 39K | $27.73 |
| 2025-01-02 | Miller Jeffrey Allen | Grant | 130K | $27.73 |
| 2025-01-02 | Carre Eric | Grant | 37K | $27.73 |
| 2025-01-02 | Beckwith Van H. | Grant | 35K | $27.73 |
| 2025-01-02 | Pope Lawrence J | Grant | 35K | $27.73 |
All non-derivative Form 4 activity (SEC), newest first.
Supply chain
Customers (0)
Suppliers (2)
- SAP
- VoltaGrid
Named in the 10-K; linked when we track them.
Notable events (8-K)
| Date | Items | |
|---|---|---|
| 2026-05-20 | Shareholder vote | filing ↗ |
| 2026-04-21 | ResultsReg FDExhibits | filing ↗ |
| 2026-02-11 | Exec/director change | filing ↗ |
| 2026-01-21 | ResultsReg FDExhibits | filing ↗ |
| 2026-01-14 | Exec/director changeReg FDExhibits | filing ↗ |
| 2025-12-04 | Exec/director changeReg FDExhibits | filing ↗ |
| 2025-12-02 | Exec/director changeReg FDExhibits | filing ↗ |
| 2025-10-21 | ResultsReg FDExhibits | filing ↗ |
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 8-K | 2026-05-20 | 2026-05-20 | 0000045012-26-000045 ↗ |
| 10-Q | 2026-04-24 | 2026-03-31 | 0000045012-26-000039 ↗ |
| 8-K | 2026-04-21 | 2026-04-21 | 0000045012-26-000036 ↗ |
| 8-K/A | 2026-02-11 | 2025-12-02 | 0000045012-26-000019 ↗ |
| 10-K | 2026-02-06 | 2025-12-31 | 0000045012-26-000015 ↗ |
| 8-K | 2026-01-21 | 2026-01-21 | 0000045012-26-000008 ↗ |
| 8-K | 2026-01-14 | 2026-01-13 | 0000045012-26-000003 ↗ |
| 8-K | 2025-12-04 | 2025-12-03 | 0000045012-25-000077 ↗ |
| 8-K | 2025-12-02 | 2025-12-02 | 0000045012-25-000074 ↗ |
| 10-Q | 2025-10-24 | 2025-09-30 | 0000045012-25-000069 ↗ |
| 8-K | 2025-10-21 | 2025-10-21 | 0000045012-25-000068 ↗ |
| 8-K | 2025-10-14 | 2025-10-14 | 0000045012-25-000067 ↗ |