Halliburton Co

XHAM:HAL

Business Description

Sector

Energy

Industry

Energy

Headquarters

United States of America US

Employees

46 000

IPO date

Sep 15, 1948

Halliburton is one of the world’s biggest oilfield services companies. It does not produce oil itself. Instead, it helps oil and gas producers find wells, drill them, complete them, and bring the oil or gas to the surface. Its main work includes drilling services, well construction, cementing, pressure pumping, and tools and software used to steer and monitor wells.

Its customers are mainly oil and gas companies, from large integrated producers to smaller exploration and production firms, plus some national oil companies. Halliburton makes money by charging for equipment, labor, specialized tools, and service contracts tied to drilling and well completion projects. A lot of its business depends on how much its customers spend on drilling activity and on maintaining existing wells.

What makes Halliburton’s role important is that it sits in the middle of the energy production chain. It sells the know-how and equipment needed to turn underground reserves into usable production, especially in technically difficult wells like shale and deepwater projects. That makes it a service provider to energy producers rather than a commodity producer itself.