Halliburton falls on lower third-quarter revenue forecast

Halliburton

21/07/2026 14:48

Updates
** Shares of oilfield services firm Halliburton HAL.N slip 7% to $32.63 
** HAL says revenue from the Middle East dropped nearly 11% to $1.3 billion in the second quarter, hit by lower oilfield activity in Kuwait, Iraq and Qatar
** Revenue in North America came in flat at $2.28 billion, primarily due to lower specialty chemicals activity in U.S. land
** HAL expects third-quarter drilling and evaluation revenue to be down 3% to 5% sequentially
** Expects third-quarter revenue to be slightly down quarter-on-quarter in Latin America, Europe and Africa
** Says international business growth outside the Middle East is expected in the low double digits year-on-year
** However, revenue in Latin America increased nearly 15% to $1.12 billion
** says there is positive margin trajectory in North America with rig additions and white spaces being filled
** HAL posts adjusted profit/share of 55 cents for the quarter ended June 30; analysts on average expected 54 cents, according to data compiled by LSEG 
** Including session's move, stock up 15.4% YTD


 (Reporting by Pranav Mathur in Bengaluru)
 ((Pranav.Mathur@thomsonreuters.com;))