Skip to navigationSkip to main contentSkip to right columnADVERTISEMENTCharles KennedyWed, July 22, 2026 at 4:05 AM GMT+2 3 min readHalliburton reported higher second-quarter earnings and revenue on Tuesday, citing stronger drilling and completion activity across key markets and an expanding pipeline of international contracts.The oilfield services provider posted net income of $534 million, or $0.64 per diluted share, up from $461 million, or $0.55 per share, in the first quarter. Excluding special items, adjusted earnings were $0.55 per share. Revenue rose to $5.7 billion from $5.4 billion in the previous quarter, while operating margin reached 14%. The company also generated $824 million in operating cash flow and $668 million in free cash flow, repurchasing approximately $200 million of its shares during the quarter.CEO Jeff Miller said Halliburton sees a strong global outlook, pointing to growing international demand and a recovery in North America that is expected to continue through the rest of the year.Halliburton's Completion and Production division generated $3.2 billion in revenue, up 6% sequentially, supported by increased stimulation work in the Western Hemisphere and stronger well intervention activity in Asia. Drilling and Evaluation revenue climbed 5% to $2.5 billion, driven by higher drilling services in North America, Europe, Africa, and Asia, although seasonal software sales weighed on segment profitability.Regionally, North America revenue increased 7% to $2.3 billion, reflecting stronger U.S. land stimulation and well construction activity. International revenue rose 5% to $3.4 billion, led by a 19% jump in Europe and Africa, while Middle East and Asia revenue slipped 2% because of lower activity in Kuwait, Iraq, and Qatar amid ongoing regional geopolitical tensions.The company also highlighted several strategic wins that reinforce its international growth strategy. During the quarter, Halliburton secured multiple long-term contracts with Saudi Aramco, including integrated well delivery and unconventional gas development projects. It also won integrated well construction work for TotalEnergies' GranMorgu offshore Suriname development and a contract from Iraq's Basra Oil Company to manage development of the Bin Umar and Sindbad oil and gas fields.Beyond traditional oilfield services, Halliburton continued expanding its digital business through the acquisition of Norwegian software developer InformatiQ AS and announced new artificial intelligence and digital asset management collaborations aimed at improving production performance. The company also introduced new well testing and sand control technologies designed to reduce drilling costs and improve reservoir productivity.Terms and Privacy PolicyEU DSA contactPrivacy & Cookie SettingsMore Info