Halliburton enters the second half of 2026 with a stronger international growth case, supported by contract momentum and technology adoption. The company reported $3.4 billion in international revenues in the second quarter, its highest second-quarter international level in more than a decade, and expects low double-digit international growth in 2026 outside the Middle East. Recent awards include a multi-year Kuwait Oil Company agreement, an integrated field management contract in Iraq, unconventional drilling work in Algeria, and long-term projects in Saudi Arabia's Jafurah field, along with offshore contracts for TotalEnergies' GranMorgu development offshore Suriname. Technology deployments such as ZEUS IQ, LOGIX automation, and closed-loop drilling are improving margins and operational performance. Near-term risks remain from geopolitical conditions in the Middle East and uneven revenue trends, with third-quarter guidance indicating flat to down 2% for Completion and Production revenues and a 3-5% decline for Drilling and Evaluation revenues. The stock carries a Zacks Rank #3 (Hold), reflecting a balance between improving momentum and incomplete earnings visibility.
Halliburton CompanyInternational contract wins and technology adoption driving revenue growth
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