Oilfield services technology provider
Halliburton Company
Halliburton earns revenue by providing drilling, formation evaluation, completion, and production optimization services to oil and gas operators. It spends on equipment, raw materials, power, and fuel supply chains while acquiring automation and subsea technologies to broaden its offering.
HAL Updated Sep 24, 2026 4 AI consumers· 2 recurring
Per the valuechain.wiki graph, Halliburton Company is directly linked to 6 companies (2 supply, 4 revenue relationships) and reaches 12 companies within two hops; the links are backed by 11 dated sources, 2 of them primary filings (as of 2026-09-24).
Financials & Segments
- Total revenue · FY2025 revenue of $22.184 billion
- Segments · Completion and Production · Drilling and Evaluation
Revenue from
- ConocoPhillips High confidence· Count 5 years · 2025 contract award · Initial term of the ConocoPhillips North Sea well-stimulation services contract
ConocoPhillips Skandinavia awarded Halliburton a North Sea well-stimulation services contract intended to improve well performance and reservoir productivity. The initial term is five years with three extension options.Confirms EN Halliburton Published Aug 13, 2025: ConocoPhillips awards Halliburton multi-year well stimulation services contract in the North Sea - Petrobras High confidence· Count 3 years · 2025 contract award · Initial term of the Petrobras integrated drilling-services contract
Petrobras awarded Halliburton a three-year integrated drilling-services contract across several offshore fields in Brazil. Halliburton described it as its largest service contract with Petrobras.Confirms EN Halliburton Published Jan 30, 2025: Halliburton secures major offshore drilling contract with Petrobras - Chevron Corporation High confidence
Chevron and Halliburton jointly developed a closed-loop automated completion process in Colorado using Halliburton's ZEUS IQ platform. No counterparty-specific contract value was disclosed.Mentions KO Samsung Securities Published Apr 22, 2026: Halliburton: Drill Baby Drill Spreads GloballyConfirms EN U.S. SEC EDGAR Published Jul 22, 2025: Halliburton Announces Second Quarter 2025 Results, Exhibit 99.1 to Form 8-KConfirms EN Halliburton Published Jun 12, 2025: Chevron and Halliburton enable intelligent hydraulic fracturing - Diamondback Energy, Inc. Medium confidence· Count 4 fleet · Q1 2025 earnings call · Halliburton ZEUS electric fracturing fleets in operation at the time of the earnings call
Halliburton provides four ZEUS electric fracturing fleets to Diamondback Energy, whose management disclosed their operation on its first-quarter 2025 earnings call, while counterparty-specific spending was not disclosed.Confirms EN ROIC AI Published May 6, 2025: Diamondback Energy, Inc. Earnings Call Transcript Q1 2025 - Devon Energy Corporation Medium confidence
Halliburton provided hydraulic fracturing services to Devon and collaborated with Devon's technical team on a Barnett Shale development optimization project, with no counterparty-specific contract value disclosed.Confirms EN The Journal Record Published Aug 7, 2015: Frack and Frack Again: Drillers Eye Way to Make Older Wells ProfitableConfirms EN Journal of Petroleum Technology Published Mar 31, 2014: Data Gathering to Smooth the Bumpy Path to Optimization
Pays to
- Caterpillar High confidence· Count 12 pumps · 2013 dual-fuel fleet project · Halliburton fracturing pumps using Caterpillar dual-fuel engine technology
Caterpillar supplied dual-fuel engine technology for Halliburton's Q-10 hydraulic-fracturing pumps. The public evidence confirms a 2013 project, while the scale and continuity of the current supply relationship are not disclosed.Confirms EN Halliburton Investor Relations Published Jan 11, 2013: Halliburton Uses Clean-Burning U.S. Natural Gas to Power a Complete Hydraulic Fracturing Fleet - Linde High confidence
Linde North America provided LNG supply and a gas-distribution system for Halliburton's dual-fuel hydraulic-fracturing project. The public evidence confirms a 2013 project, while the scale and continuity of the current supply relationship are not disclosed.Confirms EN Halliburton Investor Relations Published Jan 11, 2013: Halliburton Uses Clean-Burning U.S. Natural Gas to Power a Complete Hydraulic Fracturing Fleet
Investments
- Sekal AS High confidence
Halliburton acquired drilling-automation software company Sekal AS from Sumitomo Corporation in April 2026. The transaction value was not disclosed.Confirms EN Halliburton Published Apr 1, 2026: Halliburton acquires Sekal AS from Sumitomo Corporation to accelerate drilling automation services
Value-chain ripple (2 tiers)
Following node-to-node links up to 2 tiers; each firm is shown once, at its nearest tier.
| Company | Chain | '21 | '22 | '23 | '24 | '25 | YTD |
|---|---|---|---|---|---|---|---|
| Chubu Electric Power Co. | lead2 | -6.9 | +26.2 | +41.4 | -12.8 | +43.8 | +31.9 |
| Atmos Energy Corporation | lead2 | +12.7 | +9.6 | +6.2 | +23.4 | +23.1 | -1.9 |
| Tokyo Electric Power Company Holdings, Incorporated | lead2 | -23.7 | +58.5 | +62.5 | -48.1 | +42 | -4.5 |
| Sinopec Corp | lead2 | +20 | +19.4 | +4 | +13 | +34 | -10.7 |
| ConocoPhillips | lead1 | +86.6 | +71.7 | +2 | -12.2 | -2.3 | +46.4 |
| Chevron Corporation | lead1 | +46.2 | +58.5 | -13.6 | +1.3 | +10.1 | +40.7 |
| Devon Energy Corporation | lead1 | +195.9 | +50.9 | -21.8 | -25.2 | +15 | +34.2 |
| Diamondback Energy, Inc. | lead1 | +127.5 | +35.3 | +19.7 | +10.3 | -5.6 | +30 |
| Halliburton Company | node | +22 | +74.5 | -6.5 | -23.2 | +7 | +16.8 |
| Caterpillar | benef1 | +16 | +18.6 | +25.9 | +24.7 | +60.3 | +40.6 |
| Linde | benef1 | +33.4 | -4.4 | +27.7 | +3.2 | +3.2 | +14.6 |
| Nucor Corporation | benef2 | +118.4 | +17.4 | +33.8 | -32 | +42 | +54.7 |
| ExxonMobil | benef2 | +57.6 | +87.4 | -6.3 | +11.3 | +16 | +35.2 |
YTD as of 2026-10-09 · source: Yahoo Finance
Halliburton Company operates across Oilfield services technology provider. It is +33% in 2026. Demand side (avg +38.7%), the stock (+33%) and supply side (avg +28%) are moving in step. Propagation has completed a lap, so the next leg depends on individual results more than chain direction. Among connected nodes the furthest ahead is ConocoPhillips (+46.6%) and the furthest behind is Linde (+13.1%). If chain logic explains the gap, the laggard is the next propagation candidate; if not, the link itself deserves a second look. It spends on equipment, raw materials, power, and fuel supply chains while acquiring automation and subsea technologies to broaden its offering.
Analysis generated from returns as of 2026-09-04← All companiesMarkdown · JSON · Customers · Suppliers · Ripple