$HAL

Sector Update: Energy Stocks Decline Late Afternoon

Energy stocks were lower late Tuesday afternoon, with the NYSE Energy Sector Index falling 1.8% and the State Street Energy Select Sector SPDR ETF (XLE) dropping 2%.The Philadelphia Oil Service Sector Index was shedding 2.3%, and the Dow Jones US Utilities Index rose 0.6%.Oil prices declined on Tuesday after President Donald Trump said the Iran war could end within days. Trump told reporters in New York that a diplomatic resolution to the Middle East conflict could be reached in "two or three days," CNBC reported. The critical Strait of Hormuz, which remains effectively shut, would reopen "immediately" after the deal, Trump reportedly said.Front-month West Texas Intermediate crude oil fell 3.4% to $88.18 a barrel, and the global benchmark Brent crude contract dropped 2.9% to $91.53 a barrel. Henry Hub natural gas futures decreased 0.4% to $3.14 per 1 million BTU.In corporate news, BP (BP) said Tuesday the company will be run under a new, simplified organizational structure -- Upstream and Downstream -- from July 1. BP shares were down 3%.Uranium Energy (UEC) shares tumbled 18% after the firm reported a fiscal Q3 net loss of $0.11 per share, widening from a loss of $0.07 a year earlier. Analysts surveyed by FactSet expected a loss of $0.03.SLB (SLB) said Tuesday it signed a memorandum of understanding with Qualcomm (QCOM) to enable edge AI offerings for the energy sector. SLB shares were down 2.5%.Halliburton (HAL) said it has entered into an agreement with Pampa Energia to support the digital transformation of its unconventional operations in Argentina's Vaca Muerta shale region. Halliburton shares declined 2.7%.

Sector Update: Energy Stocks Decline Tuesday Afternoon

Energy stocks were lower Tuesday afternoon, with the NYSE Energy Sector Index falling 1.4% and the State Street Energy Select Sector SPDR ETF (XLE) dropping 1.9%.The Philadelphia Oil Service Sector Index was shedding 2.4%, and the Dow Jones US Utilities Index rose 0.8%.Oil prices declined on Tuesday after President Donald Trump said the Iran war could end within days. Trump told reporters in New York that a diplomatic resolution to the Middle East conflict could be reached in "two or three days," CNBC reported. The critical Strait of Hormuz, which remains effectively shut, would reopen "immediately" after the deal, Trump reportedly said.Front-month West Texas Intermediate crude oil fell 3.6% to $88.05 a barrel, and the global benchmark Brent crude contract dropped 2.8% to $91.59 a barrel. Henry Hub natural gas futures increased 0.3% to $3.16 per 1 million BTU.In corporate news, BP (BP) said Tuesday the company will be run under a new, simplified organizational structure -- Upstream and Downstream -- from July 1. Shares were down 2.7%.Uranium Energy (UEC) shares tumbled 16% after the firm reported a fiscal Q3 net loss of $0.11 per share, widening from a loss of $0.07 a year earlier. Analysts surveyed by FactSet expected a loss of $0.03.Halliburton (HAL) said it has entered into an agreement with Pampa Energia to support the digital transformation of its unconventional operations in Argentina's Vaca Muerta shale region. Halliburton shares declined 2.7%.

Sector Update: Energy Stocks Lean Lower Premarket Tuesday

Energy stocks were leaning lower premarket Tuesday, with the State Street Energy Select Sector SPDR ETF (XLE) declining by 0.5%.The United States Oil Fund (USO) was down 2.4% and the United States Natural Gas Fund (UNG) was flat.Front-month US West Texas Intermediate crude oil was 2.5% lower at $89.04 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil lost 2.3% to $92.04 per barrel, and natural gas futures were up 0.2% at $3.15 per 1 million British Thermal Units.BP (BP) said it will be run under a new, simplified organizational structure composed of two distinct business segments, upstream and downstream, beginning July 1. Shares of BP were 0.8% lower pre-bell.Halliburton (HAL) said it has signed a multi-year agreement with Pampa Energia to support the digital transformation of its unconventional operations in Argentina's Vaca Muerta shale region. Halliburton stock was down 0.9% premarket.Equinor (EQNR) said its corporate assembly elected Jarle Roth as chair of the board beginning July 1, following the departure of Jon Erik Reinhardsen. Equinor shares were 1.6% lower pre-bell.

US, Canada Activity Growth Lifts Oilfield Services Outlook, RBC Says

Growing North American activity, improving pricing trends, and expanding power-generation opportunities supported a broadly positive outlook for oilfield services companies at RBC Capital Markets' energy conference, the firm said Sunday.Land drillers indicated that US activity could strengthen through 2026, with Patterson-UTI Energy (PTEN), Precision Drilling (PDS), and Ensign Energy Services currently operating a combined 171 rigs, including 94, 37, and 40, respectively.Representing about 32% of the US land rig fleet of 541, those companies outlined plans to add 10 to 16 rigs next year, implying an industry-wide increase of roughly 32 to 51 rigs and lifting the total count to 573 to 592 rigs by the end of 2026.Several conference participants also noted that approximately 30 idled rigs could return to service for low-single-digit millions of dollars, RBC said.Pricing trends appeared more favorable in pressure pumping than drilling, with Halliburton (HAL), Liberty Energy (LBRT), Patterson-UTI, and Trican Well Service pursuing price increases as momentum builds in the second quarter of 2026 and larger gains emerge in the second half of the year.On the drilling side, Patterson-UTI said rig pricing improved from the low $30,000-per-day range to the low- to mid-$30,000-per-day range, while Nabors Industries (NBR) expects rates to reach the mid-$30,000-per-day range as super-spec rig utilization exceeds 70%.In Canada, the rig count remained at 182, with Precision Drilling reporting record second-quarter 2026 activity levels and Ensign Energy Services expecting operations to rise from 30 rigs after spring break-up to more than 50 rigs during the third quarter of 2026.While disruptions persisted in Kuwait, Iraq, and Qatar, activity in Saudi Arabia, Oman, and the UAE continued at a more normalized pace, and Enerflex (EFXT) pursued expansion opportunities in Saudi Arabia and the UAE, RBC said.International growth opportunities continued to expand, with Halliburton securing a multi-billion-dollar pressure pumping contract from YPF in Argentina, while Venezuela remained a longer-term opportunity highlighted by Halliburton, Weatherford International (WFRD), Ensign Energy Services, and Baker Hughes (BKR).Power generation emerged as another major theme, with Liberty Energy, Atlas Energy Solutions (AESI), and Enerflex evaluating more than 21 gigawatts of opportunities, as data center demand and grid constraints support behind-the-meter projects.Although investors generally support the bullish case for energy services because of stronger commodity prices, Middle East supply disruptions, and favorable producer outlooks, many remain cautious while awaiting further developments in the Iran conflict, RBC said.

Halliburton Expands Digital Capabilities With Acquisition of InformatiQ

Halliburton (HAL) said Monday that it has acquired Norway-based InformatiQ AS, turning a long-standing collaboration into full ownership to expand its cloud-native digital capabilities across subsurface, drilling, well, and logistics workflows.InformatiQ's SaaS platform, including its geologiQ digital twin and tools, and SAP-integrated logistics will enhance Landmark's asset management offering and broaden its software suite, Halliburton said.Financial terms were not provided.

Halliburton Keeps Quarterly Dividend at $0.17 a Share, Payable June 24 to holders of Record June 3

Oilfield Services Stocks Post Solid Q1 Results Amid Easing Middle East Concerns, Morgan Stanley Says

Oilfield services and equipment stocks delivered strong Q1 results, mainly driven by stable North American activity and better-than-feared Middle East impact, Morgan Stanley said in a note Thursday.According to the note, Middle East disruptions remained the main near-term headwind for the sector, but management teams broadly described the impact as "transitory."Companies including Baker Hughes (BKR), Halliburton (HAL), SLB (SLB), NOV (NOV), Helmerich & Payne (HP), and Tenaris (TS) pointed to effects such as offshore activity curtailments, supply chain friction, higher logistics costs, and softer regional activity.The companies also highlighted incremental activity upside outside the region, as customers increasingly focus on energy security and supply diversification. Tenaris noted that operators are already accelerating North American and offshore activity in response, while Transocean (RIG) said the conflict has reinforced the global energy security imperative, the bank said."The broader takeaway was that the geopolitical shock may ultimately extend the international and offshore upcycle, thus supporting a more constructive medium-term backdrop," the firm added.Morgan Stanley raised its price targets on Tenaris to $53 from $50 and on Helmerich & Payne to $39 from $35.Price: $62.98, Change: $-0.62, Percent Change: -0.97%

VoltaGrid Secures $1 Billion From Blackstone, Halliburton; Agrees to Acquire Propell Energy

VoltaGrid, a Texas-based energy management and generation company, Monday said it has inked a deal for strategic equity investments amounting to $1 billion from funds managed by Blackstone's (BX) Blackstone Tactical Opportunities and Halliburton (HAL).The investments are in the form of a $775 million primary capital raise and a $225 million secondary purchase from existing investors, the company said in a statement.Proceeds from the new funding will be used to "accelerate deployment of VoltaGrid's behind-the-meter power generation solutions for data centers, microgrids, and industrial applications," the statement said.VoltaGrid has also entered into an agreement to acquire Propell Energy Technology and its affiliates, a key supplier to the company and a partner in the manufacturing of its high-inertia QPac system developed for AI data centers, the company said.The company expects the acquisition to help lower execution risks across its about 7.5 gigawatt order book between now and 2030 by strengthening supply chain access and control.As part of the deal, Propell's existing facilities in Granbury, Texas will be expanded to include two additional next-generation automated manufacturing plants, which are expected to increase its capabilities by about 300 megawatts per month of capacity.Both the deals are expected to close in the mid of this year, subject to customary closing conditions.

Sector Update: Energy Stocks Gain Late Afternoon

Energy stocks were higher late Monday afternoon, with the NYSE Energy Sector Index and the State Street Energy Select Sector SPDR ETF (XLE) each rising 2.4%.The Philadelphia Oil Service Sector Index was adding 1.8%, and the Dow Jones US Utilities Index rose 1%.Front-month West Texas Intermediate crude oil rose 2.6% to $97.93 a barrel, and the global benchmark Brent crude contract was advancing 2.8% to $104.16 a barrel. Henry Hub natural gas futures gained 6% to $2.92 per 1 million BTU.In corporate news, Enbridge (ENB) is well-positioned to benefit from global energy security trends and rising demand for energy infrastructure, which are creating expanded opportunities across its businesses, RBC Capital Markets said in a note. Enbridge shares rose 1.7%.BP (BP) has a "second chance" to deleverage and restore financial health, supported by higher commodity prices that could put it on firmer footing in coming years, RBC Capital Markets said in a note. RBC upgraded BP to outperform from sector perform, while maintaining its 700 pence ($9.52) price target. BP shares rose 2.1%.Halliburton (HAL) and Blackstone (BX) will invest a combined $1 billion into energy startup VoltaGrid in a deal that values the firm at over $10 billion, Bloomberg reported. Halliburton shares added 1%.National Energy Services Reunited (NESR) shares jumped past 9% after it reported higher Q1 adjusted earnings and revenue.

Sector Update: Energy Stocks Rise Monday Afternoon

Energy stocks were higher Monday afternoon, with the NYSE Energy Sector Index rising 2.3% and the State Street Energy Select Sector SPDR ETF (XLE) climbing 2.6%.The Philadelphia Oil Service Sector Index was adding 1.9%, and the Dow Jones US Utilities Index rose 1.1%.Crude oil prices rose Monday after US President Donald Trump rejected Iran's counteroffer to end the war, extending uncertainty around oil flows through the Strait of Hormuz. Trump on Sunday described Iran's response to Washington's peace proposal as "totally unacceptable." The apparent US-Iran stalemate prolongs the effective closure of the Strait of Hormuz, the world's most important chokepoint for crude flows.Front-month West Texas Intermediate crude oil rose 2.9% to $98.16 a barrel, and the global benchmark Brent crude contract was advancing 2.9% to $104.18 a barrel. Henry Hub natural gas futures gained 5.5% to $2.91 per 1 million BTU.In corporate news, BP (BP) has a "second chance" to deleverage and restore financial health, supported by higher commodity prices that could put it on firmer footing in coming years, RBC Capital Markets said in a note. RBC upgraded BP to outperform from sector perform, while maintaining its 700 pence ($9.52) price target. BP shares rose 2%.Halliburton (HAL) and Blackstone (BX) will invest a combined $1 billion into energy startup VoltaGrid in a deal that values the firm at over $10 billion, Bloomberg reported. Halliburton shares added 1.4%.National Energy Services Reunited (NESR) shares surged 11% after it reported higher Q1 adjusted earnings and revenue.Kodiak Gas Services (KGS) shares jumped past 6% after it posted higher Q1 adjusted earnings and revenue.

Top Midday Stories: Moderna Working on Hantavirus Vaccine, Shares Rise; Blackstone, Halliburton to Invest Combined $1 Billion in VoltaGrid

The three major US stock indexes were up slightly in late-morning trading Monday after President Donald Trump said Sunday on Truth Social that he has rejected Iran's latest proposal to end the war.In company news, Moderna (MRNA) said it has been working on early-stage vaccines targeting hantaviruses, Bloomberg reported. The research began before recent infections were reported aboard the Dutch-flagged Hondius, the report said, citing the company. Moderna shares were up 4.9% around midday.Blackstone (BX) and Halliburton (HAL) will invest a combined $1 billion into energy startup VoltaGrid in a deal that values the company at over $10 billion, Bloomberg reported Monday, citing people familiar with the matter. Separately, Blackstone agreed to acquire a majority stake in Greek online marketplace Skroutz from CVC Capital Partners, Bloomberg reported Monday. Financial terms of the deal were not disclosed, though people familiar with the matter reportedly told Bloomberg it values Skroutz at 635 million euros. Lastly, Blackstone Real Estate Debt Strategies has launched a lending platform to provide capital and flexibility to US homebuilders, the company said Monday. Blackstone shares were down 1.0%, while Halliburton shares were up 0.6%.Cerebras Systems is planning to increase the size and price of its initial public offering, the company said in a regulatory filing. Cerebras plans to raise its IPO price to a range of $150 to $160 per share from $115 to $125 per share and increase the number of shares marketed to 30 million from 28 million.Apollo Global Management (APO) said Monday its managed funds signed definitive agreements to buy Emerald Holding (EEX) and Questex to form a combined business events platform. The company will pay $5.03 per share to acquire Emerald, assigning the target company an expected value of about $1.50 billion, the company said. Separately, Apollo is in talks to sell its MidCap Financial Investment (MFIC) business development company, The Wall Street Journal reported Sunday, citing people familiar with the matter. Apollo values the business at around $3 billion, the report said, citing the sources. Apollo shares were down 0.8%, while Emerald shares were up 9.3% and MidCap shares were down 2.6%.FS KKR Capital (FSK) reported a Q1 loss Monday of $1.57 per diluted share. Total Q1 investment income was $304 million down from $400 million a year ago and below the FactSet consensus analyst estimate of $316.8 million. The company said Monday that KKR's (KKR) KKR Alternative Assets unit will launch a tender offer to buy up to $150 million of FS KKR Capital's shares at $11 each. The offering will begin Tuesday and is expected to expire on June 9, the company said. KKR Alternative Assets agreed to buy $150 million in newly issued shares of cumulative convertible perpetual preferred stock, FS KKR Capital said Sunday. FS KKR shares were up 0.5%, while KKR shares were down 2.8%.Alphabet (GOOG, GOOGL) on Monday filed a preliminary prospectus supplement with the SEC for a multi-tranche yen-denominated bond offering targeting qualified institutional investors in Japan. The offering consists of five series of notes with varying maturities and interest rates, with all payments to be made in Japanese yen, the filing said. Alphabet's Class C and Class A shares were down 1.8% and 1.9%, respectively.Walt Disney's (DIS) ABC network has been the victim of "sustained, coordinated" censorship by the Trump administration, Federal Communications Commissioner Anna Gomez said in a letter to Disney Chief Executive Josh D'Amaro, The Wall Street Journal reported Monday, citing the letter, which it viewed. Disney shares were down 2.0%.Price: $54.87, Change: $+0.52, Percent Change: +0.95%

Sector Update: Energy Stocks Edge Higher Premarket Monday

Energy stocks were edging higher premarket Monday, with the State Street Energy Select Sector SPDR ETF (XLE) advancing by 1.2%.The United States Oil Fund (USO) was up 2.3% and The United States Natural Gas Fund (UNG) was 3.1% higher.Front-month US West Texas Intermediate crude oil was 2% higher at $97.28 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil rose 2.1% to $103.40 per barrel, and natural gas futures were up 3.3% at $2.85 per 1 million British Thermal Units.Kodiak Gas Services (KGS) stock was up more than 10% after the company posted higher Q1 adjusted earnings and revenue.National Energy Services Reunited (NESR) shares were up more than 4% after the company reported higher Q1 adjusted earnings and revenue.Blackstone (BX) and Halliburton (HAL) will invest a combined $1 billion into energy startup VoltaGrid in a deal that values the firm at over $10 billion, Bloomberg News reported, citing people familiar with the matter. Shares of Halliburton were up more than 1% premarket.

Barclays Upgrade Halliburton to Overweight From Equalweight, Price Target is $55

Halliburton (HAL) has an average rating of overweight and mean price target of $43.08, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)

Equinor Extending Supplier Deals for Drilling, Well Services

Equinor (EQNR) is extending key supplier deals for drilling and well services with an aggregate value of about 17 billion Norwegian kroner ($1.83 billion), the company said Monday.It is exercising one-year options under three contracts for integrated drilling and well services, as well as two-year options under 18 company framework agreements for relevant specialist services.The company said the drilling and well services deals are valued at 8.3 billion kroner and were awarded to Baker Hughes (BKR), Halliburton (HAL) and SLB (SLB).The corporate framework agreements are pegged at 4.3 billion kroner per annum over two years, according to Equinor.The company's shares were up 1.5% in premarket activity.

Halliburton Insider Sold Shares Worth $255,538, According to a Recent SEC Filing

Tobi M. Young, Director, on April 30, 2026, sold 6,125 shares in Halliburton (HAL) for $255,538. Following the Form 4 filing with the SEC, Young has control over a total of 15,250 common shares of the company, with 15,250 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/45012/000191427626000003/xslF345X05/wk-form4_1777651893.xmlPrice: $41.56, Change: $-0.74, Percent Change: -1.75%

Halliburton Insider Sold Shares Worth $363,510, According to a Recent SEC Filing

Timothy McKeon, Senior Vice President and Treasurer, on April 30, 2026, sold 8,655 shares in Halliburton (HAL) for $363,510. Following the Form 4 filing with the SEC, McKeon has control over a total of 72,976 common shares of the company, with 72,976 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/45012/000159509826000013/xslF345X05/wk-form4_1777651513.xmlPrice: $41.50, Change: $-0.81, Percent Change: -1.90%

Morgan Stanley Adjusts Halliburton Price Target to $42 From $40, Maintains Overweight Rating

Halliburton (HAL) has an average rating of overweight and mean price target of $42.33, according to analysts polled by FactSet.Price: $40.18, Change: $+0.04, Percent Change: +0.11%

Sector Update: Energy Stocks Mixed Late Afternoon

Energy stocks were mixed late Monday afternoon, with the NYSE Energy Sector Index fractionally higher and the State Street Energy Select Sector SPDR ETF (XLE) little changed.The Philadelphia Oil Service Sector Index was adding 0.9%, and the Dow Jones US Utilities Index increased 0.1%.Front-month West Texas Intermediate crude oil rose 2% to $96.31 a barrel, and the global benchmark Brent crude contract advanced 2.5% to $107.98 a barrel. Henry Hub natural gas futures added 1.2% to $2.55 per 1 million BTU.In corporate news, US Energy (USEG) shares jumped 20% after it said Monday it has signed a five-year helium sales agreement with an unnamed investment-grade global industrial gas company, securing long-term contracted cash flow for its Big Sky Carbon Hub project in Montana ahead of targeted Q1 2027 operations.Shell (SHEL) agreed to buy Canadian energy company ARC Resources in a cash-and-stock deal with an enterprise value of $16.4 billion, as the oil and gas giant looks to increase its exposure to low-cost shale gas and liquids production in Canada's Montney basin. Shell shares were down 2.4%.The UK's Seagreen wind farm, which is 25.5%-owned by TotalEnergies (TTE), has delayed a fixed-price government contract, preferring to sell electricity at higher market rates, Bloomberg reported Monday, citing data that it compiled. TotalEnergies shares were decreasing 0.7%.Greenland Energy (GLND) said Monday it has signed an agreement with Halliburton (HAL) for integrated consulting services and logistical management related to the planning and transportation of equipment and services. Greenland shares were down 12%, and Halliburton shed 0.5%.

Sector Update: Energy Stocks Decreasing Monday Afternoon

Energy stocks were lower Monday afternoon, with the NYSE Energy Sector Index down 0.3% and the State Street Energy Select Sector SPDR ETF (XLE) decreasing 0.2%.The Philadelphia Oil Service Sector Index was adding 0.4%, and the Dow Jones US Utilities Index rose 0.4%.Crude oil prices rose Monday as US-Iran talks appeared to have stalled, even as Tehran reportedly offered a new proposal for reopening the Strait of Hormuz. Iran's Foreign Minister Seyed Abbas Araghchi visited Pakistan twice over the weekend, while President Donald Trump called off US officials' previously announced trip to Islamabad. Iran has submitted a proposal to reopen the Strait of Hormuz and delay talks on uranium enrichment, Axios reported, citing a US official and two other sources.Front-month West Texas Intermediate crude oil was rising 2.4% to $96.66 a barrel, and the global benchmark Brent crude contract was advancing 3.2% to $108.71 a barrel. Henry Hub natural gas futures rose 2.5% to $2.59 per 1 million BTU.In corporate news, Shell (SHEL) agreed to buy Canadian energy company ARC Resources in a cash-and-stock deal with an enterprise value of $16.4 billion, as the oil and gas giant looks to increase its exposure to low-cost shale gas and liquids production in Canada's Montney basin. Shell shares were down 2.9%.The UK's Seagreen wind farm, which is 25.5%-owned by TotalEnergies (TTE), has delayed a fixed-price government contract, preferring to sell electricity at higher market rates, Bloomberg reported Monday, citing data that it compiled. TotalEnergies shares were decreasing 0.7%.Greenland Energy (GLND) said Monday it has signed an agreement with Halliburton (HAL) for integrated consulting services and logistical management related to the planning and transportation of equipment and services. Greenland shares were down 12%, and Halliburton rose 0.3%.

Greenland Energy, Halliburton Sign Deal for Jameson Land Drilling

Greenland Energy (GLND) said Monday it signed an agreement with Halliburton (HAL) for integrated consulting services and logistical management related to the planning and transportation of equipment and services.The agreement includes well and drilling services for Greenland Energy's onshore campaign in the Jameson Land Basin, the company said.The Halliburton agreement builds on Greenland Energy's arrangements with Stampede Drilling and Desgagnes and forms part of its Arctic operations strategy.Greenland Energy said it expects to drill its first two wells in 2026.Price: $6.09, Change: $-0.12, Percent Change: -1.95%