Halliburton Company

Is Halliburton publicly traded?
Yes. Halliburton Company trades on the New York Stock Exchange under the ticker HAL and is an S&P 500 component.

When was Halliburton founded?
Erle P. Halliburton founded the company in 1919 in Duncan, Oklahoma, around his patented well cementing method.

Who owns Halliburton?
Halliburton is a public company with institutional investors holding most shares. It is independently operated and not owned by another company.

What brands does Halliburton own?
Halliburton operates under a masterbrand with service line brands including Baroid (drilling fluids), Sperry Drilling (directional drilling), Landmark (software), Boots & Coots (well control), and Summit ESP (artificial lift).

What is Halliburton's revenue?
Halliburton reported total revenue of $22.18 billion for fiscal year 2025, down 3% from $22.94 billion in 2024, with operating income of $2.26 billion.

Erle P. Halliburton founded the company in 1919 in Duncan, Oklahoma, building on his patent for a cementing method to seal oil well casings. The Halliburton Oil Well Cementing Company grew with the American oil industry through the 1920s and 1930s, expanding internationally by the 1940s.

The company diversified through acquisition, assembling brands that remain product lines today: Baroid (drilling fluids, acquired 1962), Brown & Root (construction and engineering, 1962), and later Dresser Industries (1998), which brought Sperry-Sun drilling services and Landmark Graphics software.

Halliburton's engineering and construction subsidiary KBR, which carried significant Iraq War-era controversy over wartime contracts and asbestos liabilities, was fully separated in 2007 and now trades independently.

The 2014 agreement to acquire rival Baker Hughes for $34.6 billion collapsed in 2016 under regulatory opposition, costing Halliburton a $3.5 billion breakup fee. The company subsequently focused on organic capability and smaller bolt-on acquisitions.

Under CEO Jeffrey Miller, Halliburton has emphasized returns discipline, international expansion, and technology including the LOGIX autonomous drilling platform and iCruise intelligent rotary steerable systems. FY2025 revenue of $22.18 billion declined 3% from 2024 amid softer North American activity, with $831 million in impairment charges contributing to a reported operating income of $2.26 billion.

Halliburton publishes an annual sustainability report covering emissions, safety (TRIR), and its Halliburton Labs clean-energy accelerator, which incubates early-stage energy technology companies. The company has set Scope 1 and 2 emissions reduction targets but remains structurally tied to upstream oil and gas activity.

Halliburton regularly wins Offshore Technology Conference Spotlight on New Technology awards and World Oil Awards for drilling and completion innovations, including recognition for its iCruise rotary steerable and LOGIX autonomous drilling systems.

Halliburton's most significant historical controversy centered on the 2010 Deepwater Horizon disaster, for which it was the cement contractor: the company paid $1.1 billion to settle litigation in 2014, though courts found BP primarily responsible. Earlier KBR-related controversies over Iraq wartime contracting and a 2009 SEC bribery settlement ($177 million paid by KBR) ended with the 2007 separation. The company faces ongoing scrutiny over hydraulic fracturing practices and produced water handling.