(WO) — Halliburton reported second-quarter 2026 revenue of $5.7 billion, up from $5.4 billion in the first quarter, as stronger North American stimulation and well construction activity helped drive sequential growth. Net income totaled $534 million, or $0.64 per diluted share, while operating income increased to $778 million.
Chairman, President and CEO Jeff Miller said the company expects continued momentum in both international and North American markets, citing a strong pipeline of contract awards and growing demand for Halliburton’s technologies and services. He added that the company expects incremental improvement in North America through the remainder of the year.
Completion and Production revenue rose 6% sequentially to $3.2 billion, supported by increased stimulation activity in the Western Hemisphere and stronger well intervention services in Asia. Drilling and Evaluation revenue increased 5% to $2.5 billion, driven by higher drilling-related services and wireline activity in North America, Europe and Africa.
Regionally, North America revenue increased 7% quarter over quarter to $2.3 billion, reflecting stronger U.S. land stimulation and well construction activity, while international revenue climbed 5% to $3.4 billion. Europe and Africa posted the strongest regional growth, rising 19% on increased activity in the North Sea, Namibia, Egypt and Angola. Middle East and Asia revenue declined 2% as geopolitical conflict reduced activity in Kuwait, Iraq and Qatar.
During the quarter, Halliburton repurchased approximately $200 million of its common stock and highlighted several major contract awards, including integrated well construction work for TotalEnergies’ GranMorgu development offshore Suriname, field development services in southern Iraq, and multiple contracts supporting Aramco’s onshore and unconventional gas programs in Saudi Arabia.
Pictured above: Halliburton Chairman, President and CEO, Jeff Miller.
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