HAL Economic Moat - Halliburton Co

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Price: 28.92 EUR -0.1% Market Closed

Market Cap: €25.5B

L	L E Lundbergforetagen AB (publ) SWB:LU3B	SE
B	Banco Bilbao Vizcaya Argentaria SA DUS:BOY	ES
H	Halliburton Co BMV:HAL	US
	Hyundai Motor Co KRX:005380	KR
	Rolls-Royce Holdings PLC OTC:RYCEY	UK
C	Chilwa Minerals Ltd ASX:CHW	AU
D	Deutsche Post AG DUS:DPWA	DE
	Tsuruha Holdings Inc OTC:TSUSF	JP
S	Shopify Inc SWB:307	CA
G	Glencore PLC JSE:GLN	CH
	Roche Holding AG SIX:RO	CH
G	Garmin Ltd NYSE:GRMN	CH
G	Garmin Ltd F:GEY	CH
R	Resonac Holdings Corp SWB:SWD	JP
	DSV A/S F:DS8	DK
S	SLB NV F:SCL	US
	Peach Property Group AG F:P6Z	CH
	Arbor Realty Trust Inc NYSE:ABR	US
	DSV A/S CSE:DSV	DK
	MatsukiyoCocokara & Co TSE:3088	JP
	Beneteau SA F:3GD	FR
M	Medpace Holdings Inc F:01P	US
H	Halliburton Co DUS:HAL	US
K	Kering SA SWB:PPX	FR

Economic Moat

Halliburton has a narrow economic moat

No Moat Narrow Wide

Patented tools make parts of Halliburton’s offering difficult to copy, while equipment installed inside wells makes replacing it disruptive and expensive. These protections are strongest in specialized work rather than routine services, where customers have more alternatives.

Intangible Assets

Halliburton’s patents protect designs and processes used in drilling and completing wells, preventing rivals from simply copying those inventions. Protection is spread across its technology portfolio rather than resting on a single patent.

High Switching Costs

Halliburton’s SmartWell systems connect valves, sensors and controls installed inside a well to manage production throughout its life. This creates a practical replacement barrier: moving to incompatible rival equipment could require costly work inside the well and interrupt production.

2 risks to watch

One for each source of the moat: what could happen and how it would weaken it