What is Halliburton?
Oilfield services company with $22.2B 2025 revenue, headquarters in Houston, TX, and public-market scale as HAL.
- Category
- Oilfield services
- Headquarters
- Houston, TX
- Founded
- 1919
- Employees
- 48,000
- Total funding
- Public company; HAL
- Status
- HAL; ~$29B market cap
What is Halliburton?
Halliburton is a oilfield services business headquartered in Houston, TX. Halliburton provides drilling, evaluation, completion, production, cementing, stimulation, artificial lift, software, and project services to oil and gas operators worldwide.
Halliburton operates at public-company scale with $22.2B 2025 revenue, 48,000 employees, and a June 2026 market value around ~$29B. Halliburton provides drilling, evaluation, completion, production, cementing, stimulation, artificial lift, software, and project services to oil and gas operators worldwide. Its core operating areas include Completion and Production, Drilling and Evaluation, Digital, Artificial lift, Cementing, and related capabilities that make the company important to its industry.
The business is asset-intensive and operationally complex, so performance depends on commodity markets, regulated returns, manufacturing uptime, safety, capital projects, procurement, reliability, and disciplined execution. Halliburton also has a meaningful technology agenda because field assets, plants, mines, stores, customers, traders, engineers, and corporate functions all depend on modern data and workflow systems.
For sellers, Halliburton is a field-service productivity and digital-oilfield buyer. The best entry points are not generic corporate pitches; they are measurable improvements in safety, uptime, margin, customer reliability, energy efficiency, field productivity, supply chain, analytics, cybersecurity, or capital-project delivery.
What does Halliburton offer?
Halliburton offers Hydraulic fracturing, Drilling services, Cementing, Wireline, Completions, Artificial lift, and adjacent services or operating capabilities tied to its core assets.
- Hydraulic fracturing· Completion and Production
- Drilling services· Drilling and Evaluation
- Cementing· Digital
- Wireline· Artificial lift
- Completions· Cementing
- Artificial lift· Stimulation
- Landmark software· International operations
- Well intervention· Completion and Production
How does Halliburton make money?
Halliburton makes money through service contracts, tool rentals, technology sales, completion and production services, drilling and evaluation services, software, and global project work.
Halliburton's business model is based on service contracts, tool rentals, technology sales, completion and production services, drilling and evaluation services, software, and global project work. Pricing is not a public SaaS-style tier list; it is set through regulated tariffs, commodity benchmarks, customer contracts, spot prices, negotiated industrial terms, or project economics depending on the business line.
The main economic drivers are volume, utilization, price/cost spreads, capital efficiency, operating reliability, maintenance discipline, working capital, customer demand, and regulatory or commodity-market conditions. In 2025 the company reported $22.2B 2025 revenue, giving it meaningful purchasing power but also a strong bias toward projects with quantified operating impact.
Growth depends on the same practical levers that shape large industrial buyers: safer operations, better uptime, lower unit cost, better forecasting, tighter procurement, faster engineering, cleaner data, and improved customer or asset performance. Vendors should connect proposals to those levers and expect technical, procurement, legal, security, and finance review.
Who leads Halliburton?
Halliburton is led by Jeff Miller, with senior leadership including Eric Carre, Lance Loeffler, Van Beckwith.
- Jeff MillerChairman, President and Chief Executive OfficerCEO since 2017Leads Halliburton's global oilfield services strategy.
- Eric CarrePresidentPresident since 2023Leads operating execution across global product service lines.
- Lance LoefflerExecutive Vice President and Chief Financial OfficerCFO since 2018Leads finance, capital allocation, and investor relations.
- Van BeckwithExecutive Vice President, Secretary and Chief Legal OfficerSenior executive leadershipLeads legal and governance.
How do you contact Halliburton's leadership?
Halliburton publishes investor, media, supplier, customer, or contact-form routes, but it does not publish a verified personal executive email pattern for the leaders below. Use the official investor/contact route for Halliburton rather than guessed personal addresses.
Official investor/contact page is public; personal executive email format not verified- Lance LoefflerExecutive Vice President and Chief Financial OfficerUse official investor/contact page
- Van BeckwithExecutive Vice President, Secretary and Chief Legal OfficerUse official investor/contact page
How much funding has Halliburton raised?
Halliburton is a mature public company, not a VC-backed startup. It trades as HAL, had a market capitalization of ~$29B in the June 2026 snapshot used here, and funds operations through operating cash flow, public debt/equity access, and industry-specific capital programs.
Halliburton does not have a current venture funding total. The relevant capital history is its public listing, operating cash flow, debt-market access, dividends or buybacks where applicable, acquisitions, portfolio actions, and reinvestment in long-lived assets.
As of the June 2026 market snapshot used for this profile, HAL was valued at about ~$29B. The company reported $22.2B 2025 revenue, which is the operating scale sellers should use when thinking about budget capacity, procurement maturity, and the size of projects that can matter.
Seller signal: Halliburton can buy at enterprise and industrial scale, but budget owners will demand measurable business cases. Strong proposals quantify safety, uptime, throughput, margin, asset integrity, grid/customer reliability, procurement savings, emissions, or working-capital improvement.
How did Halliburton get here?
Halliburton's path is a public-company operating history shaped by founding roots, portfolio changes, leadership transitions, and 2025-2026 market conditions.
- 1919Halliburton foundedErle P. Halliburton starts the cementing business.
- 1962Brown & Root acquisitionHalliburton expands engineering and services capability.
- 1990sLandmark software scaleDigital subsurface software becomes a strategic asset.
- 2017Jeff Miller becomes CEOMiller begins leading the company.
- 2025$22.2B revenueHalliburton reports full-year 2025 revenue and strong free cash flow.
- 2026Rebalancing yearManagement points to mixed North America and international demand.
Who are Halliburton's competitors?
Halliburton competes with public and private companies across oilfield services, adjacent assets, capital projects, customers, labor, technology, and commodity or regulated markets.
- SLBLargest global oilfield services and energy technology peer.
- Baker HughesEnergy technology and oilfield services competitor.
- WeatherfordOilfield services competitor across well construction and production.
- NOVEquipment, drilling, and rig technology competitor.
- Technip EnergiesEnergy engineering and project-delivery company competing around complex upstream and energy-transition projects.
Halliburton — frequently asked questions
