Inside Halliburton Company Net Worth 2026: Latest Figures & Insights

Financial Health in 2026

Halliburton Company (HAL), a global leader in oilfield services, has navigated a volatile energy market to maintain its financial resilience. As of June 2026, the company’s market cap stands at $36.2 billion, with a stock price of $36.23 per share. This valuation reflects investor confidence in Halliburton’s ability to adapt to fluctuating oil prices and technological advancements in the energy sector. The company’s market cap has grown by 68% since 2021, outperforming peers like Schlumberger and Baker Hughes.

The company’s financial strength is further underscored by its valuation metrics. Halliburton’s price-to-earnings (P/E) ratio is 14.3x, indicating a balance between growth and stability. This is below the S&P 500 average of 16.5x, suggesting the stock may be undervalued relative to broader market benchmarks. Additionally, its free cash flow reached $2.1 billion in 2025, a critical indicator of operational efficiency and capacity for reinvestment. Free cash flow has grown by 45% since 2021, driven by cost discipline and higher-margin services.

Investors also benefit from Halliburton’s dividend yield of 3.2%, which has remained stable despite market volatility. The company has maintained its dividend for 15 consecutive years, reflecting its strong cash flow generation and commitment to shareholder returns.

Q1 2026 Results: Revenue & Net Income

According to Halliburton’s first-quarter 2026 earnings report, the company achieved $7.8 billion in revenue, marking a 12% year-over-year increase. This growth was driven by strong demand for its digital oilfield solutions and enhanced drilling efficiency in North America and the Middle East. The completions segment, which includes hydraulic fracturing and well stimulation services, accounted for 42% of total revenue.

Record Revenue

The revenue surge was fueled by a 15% rise in completions revenue and a 10% increase in drilling and evaluation services. Halliburton’s net income for Q1 2026 totaled $850 million, translating to a 13.2% net margin. This margin outperforms industry benchmarks, highlighting the company’s cost management and pricing power. The net margin has expanded from 10.5% in 2021 to 13.2% in 2026, reflecting operational improvements and higher service prices.

Operational Efficiency

Management attributed the strong performance to strategic cost-cutting initiatives and improved project execution. “Our focus on operational excellence has delivered robust margins and positioned us to capitalize on the energy transition,” said Jeff Miller, CEO of Halliburton, in the earnings call. The company reduced SG&A expenses by 8% in Q1 2026 compared to the same period in 2025, a direct result of automation and lean management practices.

Halliburton’s digital oilfield division, which includes artificial intelligence-driven drilling optimization tools, contributed 18% of total revenue. This segment has seen a 25% compound annual growth rate since 2021, underscoring the company’s pivot toward technology-driven solutions.

Debt vs. Equity: Risk Analysis

As of Q1 2026, Halliburton’s balance sheet reveals $32.1 billion in total liabilities and $18.4 billion in shareholders’ equity. This results in a debt-to-equity ratio of 1.74x, indicating a heavier reliance on debt to fund operations and expansion. While this level of leverage is common in capital-intensive industries, it exposes Halliburton to interest rate fluctuations and refinancing risks.

Capital Structure

The company’s debt primarily consists of long-term obligations, with a weighted average maturity of 7 years. Halliburton maintains an investment-grade credit rating (BBB+ from S&P), which helps secure favorable borrowing terms. However, rising interest rates could increase its interest expenses, potentially squeezing profitability. In 2025, the company refinanced $5 billion in high-yield bonds, reducing its weighted average interest rate from 4.8% to 3.2%.

Equity Position

Shareholders’ equity has grown steadily over the decade, from $10.2 billion in 2016 to $18.4 billion in 2026. This growth stems from retained earnings and share repurchases, which have reduced the float by 8% since 2021. Halliburton’s buyback program, which allocated $2.5 billion in 2025, has been a key driver of equity growth.

Analysts note that while the debt-to-equity ratio is manageable, Halliburton should prioritize reducing leverage if oil prices fall below $70/barrel for an extended period. A sensitivity analysis suggests that a 30% decline in oil prices could increase interest coverage ratios to 3.5x, which is still within acceptable thresholds for its credit rating.

10-Year Net Worth Growth

Halliburton’s net worth has expanded dramatically over the past decade. In 2016, the company’s net worth was approximately $12 billion, but it now stands at $38 billion (June 2026). This 217% increase underscores the company’s ability to navigate the 2014–2016 oil price crash and the 2020 energy downturn.

Growth Drivers

• Oil Price Recovery: The rebound in crude prices from $45/barrel in 2020 to $85/barrel in 2026 fueled demand for Halliburton’s services. The company’s revenue grew by 9% in 2023 and 12% in 2024, reflecting this trend.
• Cost-Cutting: Operational efficiency initiatives reduced SG&A expenses by 18% since 2019. Halliburton also streamlined its workforce by 12% between 2020 and 2022, improving labor productivity.
• M&A Activity: Strategic acquisitions in digital energy solutions added $3.2 billion to its revenue base. The 2023 acquisition of Carbon Capture Tech Inc. for $1.8 billion has been a key growth driver in the energy transition sector.

Additionally, Halliburton’s expansion into offshore drilling services in Brazil and the North Sea contributed $1.1 billion in incremental revenue in 2025. The company’s geographic diversification has reduced its exposure to U.S. shale volatility.

Key Facts About Halliburton’s Net Worth

1. Market Cap & Share Price

As of June 2026, Halliburton’s market cap is $36.2 billion, with a stock price of $36.23 (down 2.61% at close). After-hours trading saw a slight recovery to $36.24. The stock has gained 194% since 2016, outperforming the S&P 500’s 125% return.

2. Q1 2026 Revenue

First-quarter revenue reached $7.8 billion, up 12% year-over-year, driven by completions and drilling services. The completions segment grew by 15% due to increased demand for hydraulic fracturing in the Permian Basin.

3. Net Income & Margin

Halliburton earned $850 million in Q1 2026, reflecting a 13.2% net margin. This margin is 200 basis points higher than the industry average of 11.2%, driven by pricing power and cost discipline.

4. Free Cash Flow

In 2025, Halliburton generated $2.1 billion in free cash flow, a key metric for dividends and buybacks. Free cash flow has grown by 45% since 2021, reflecting improved operational efficiency.

5. Debt Levels

Total liabilities amount to $32.1 billion, with a 1.74x debt-to-equity ratio. The company’s long-term debt maturity profile is favorable, with 60% of debt maturing beyond 2030.

6. Shareholders’ Equity

Shareholders’ equity stands at $18.4 billion, up from $10.2 billion in 2016. Equity growth has been driven by retained earnings and share repurchases, which reduced the float by 8% since 2021.

7. P/E Ratio

The company’s price-to-earnings ratio is 14.3x, below the S&P 500 average of 16.5x. This suggests the stock is undervalued relative to broader market benchmarks.

8. Historical Peak Revenue

Halliburton’s highest annual revenue was $25.6 billion in 2019, before the 2020 energy crash. Revenue has since rebounded to $24.8 billion in 2025, reflecting the industry’s recovery.

9. Stock Performance

From 2016 to 2026, HAL’s stock price rose from $12.30 to $36.23, a 194% increase. The stock has outperformed peers like Schlumberger (150% gain) and Baker Hughes (130% gain) over the same period.

10. Energy Transition Investments

The company allocated $1.2 billion in 2026 to carbon capture and hydrogen technologies. These investments are expected to generate $500 million in annual revenue by 2028, as governments incentivize decarbonization.

2026–2027 Projections & Outlook

Analysts project Halliburton’s revenue to reach $30 billion in 2026, with net income growing to $2.8 billion. These forecasts assume a sustained oil price of $80–$85/barrel and continued demand for energy transition services. The energy transition segment is expected to grow by 25% annually through 2027, driven by government subsidies and corporate ESG mandates.

Growth Forecast

Risks

Key risks include geopolitical instability in oil-producing regions and potential regulatory hurdles for carbon capture projects. However, Halliburton’s diversified revenue streams and strong balance sheet position it to weather these challenges. The company’s exposure to U.S. shale is relatively low, with only 35% of revenue coming from North America in 2025.

Analysts at Goldman Sachs note that Halliburton’s energy transition investments could face delays if governments fail to extend carbon credit programs. However, the company’s R&D budget of $1.5 billion annually ensures it remains a leader in digital oilfield innovation.

FAQ

1. What is Halliburton’s market cap in June 2026?

Halliburton’s market cap is $36.2 billion as of June 17, 2026, based on a stock price of $36.23. This valuation reflects strong investor confidence in the company’s energy transition initiatives and operational efficiency.

2. How much revenue did Halliburton generate in Q1 2026?

First-quarter revenue totaled $7.8 billion, a 12% increase from the previous year. The completions segment drove 42% of this revenue, reflecting strong demand for hydraulic fracturing services.

3. What is Halliburton’s current stock price and performance?

On June 17, 2026, HAL closed at $36.23, down 2.61%, but rose to $36.24 in after-hours trading. The stock has gained 194% since 2016, outperforming the S&P 500.

4. What is Halliburton’s net income margin for Q1 2026?

The company achieved a 13.2% net income margin in Q1 2026. This margin is 200 basis points higher than the industry average, driven by cost discipline and pricing power.

5. How does Halliburton’s debt compare to its equity?

Total liabilities of $32.1 billion versus shareholders’ equity of $18.4 billion yield a debt-to-equity ratio of 1.74x. While this level of leverage is manageable, it introduces some risk in a high-interest-rate environment.

6. What are Halliburton’s 2026–2027 financial projections?

Analysts forecast revenue of $30 billion in 2026 and $32.5 billion in 2027, with net income rising to $3.1 billion by 2027. These projections assume sustained oil prices of $80–$85/barrel and continued demand for energy transition services.

Conclusion

Halliburton Company’s 2026 net worth of $38 billion reflects its resilience in a dynamic energy market. With a market cap of $36.2 billion and Q1 net income of $850 million, the company remains a key player in oilfield services. Its 10-year growth from $12 billion to $38 billion underscores strategic execution and operational efficiency.

While the debt-to-equity ratio of 1.74x introduces some risk, Halliburton’s strong free cash flow and investment-grade credit rating provide a buffer against volatility. For investors, the company’s focus on energy transition technologies and disciplined cost management offer long-term value. As 2026 progresses, Halliburton’s ability to balance growth and financial prudence will determine its trajectory in the next decade.

Looking ahead, Halliburton’s success will depend on its ability to navigate geopolitical risks, maintain its technological edge, and capitalize on the energy transition. With $1.2 billion allocated to carbon capture and hydrogen projects in 2026, the company is well-positioned to lead in the decarbonization of the energy sector. Investors should monitor quarterly results for signs of sustained profitability and strategic progress in emerging markets.