The Iran war has thrown the global oil market into turmoil, disrupting oil routes and supply across the Middle East. It has also exposed the risks of relying too heavily on concentrated supply sources. Yet these same issues have also pushed energy producers to think harder about production capacity, exploration, and investment in longer-term projects outside the most exposed areas.
For Halliburton (HAL) and SLB (SLB), two of the world's largest oilfield-service companies, the bigger opportunity could come after the disruption. As operations restart, that could translate into more drilling, well intervention, production optimization, and infrastructure work. These are exactly the kind of services these two companies provide.
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Keep up by reading our FREE midday Barchart Brief newsletter for exclusive charts, analysis, and headlines. However, only one is better positioned to turn the changing energy landscape into long-term growth. Halliburton is an oilfield-services and technology company that helps energy companies drill wells, complete them, and increase production from existing assets.
So far this year, HAL stock has climbed 13%, outperforming the broader market gain. It operates under two major business segments: Completion and Production: It includes services such as stimulation and well intervention. Drilling and Evaluation: It covers drilling-related services, wireline, and other technologies used to construct and evaluate wells.
The oilfield recovery has begun benefiting Halliburton. In the second quarter, the company generated $5.7 billion in revenue, a 6% sequential increase. Completion and Production revenue rose 6% sequentially to $3.2 billion, with operating income increasing 8% to $474 million.
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