Halliburton Co

HAL: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$37.00	Jrrvlgs	Cbsmpvrft

Halliburton Earnings: International Offsets Low North American Drilling and Completions Demand

Katherine Olexa

Jul 22, 2024

Narrow-moat Halliburton delivered decent second-quarter results, with sales and margins approximately flat across the board, year over year and sequentially. This was mainly because of subdued North American drilling and completions activity, offset by elevated demand for the same services across international markets. Well incorporate the firm's full financial and operating results shortly, but after this first look, we maintain our $39 fair value estimate.

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