What is Halliburton's outlook for North American activity in 2026, and what factors are driving the expected improvement?

Halliburton sees 'incremental growth in North American activity throughout the year as drilling and fracking pick up in the US,' with CEO Jeff Miller stating the company was 'encouraged' by the recovery in the region — its largest market — in the second quarter. This improvement is driven by higher oil prices resulting from the Iran War, which have incentivized U.S. shale producers to expand drilling and fracking to provide alternatives to Persian Gulf crude supplies; accordingly, the U.S. rig count has expanded in all but two of the past 12 weeks.

How did Halliburton's second-quarter financial performance compare to expectations, and what was the market's reaction?

Halliburton reported adjusted operating income of $683 million for the second quarter, down 6.1% year-over-year and below the average analyst expectation of $688.7 million; consequently, Halliburton shares fell 3.7% before regular trading in New York, despite the stock having gained 24% so far that year.

Halliburton Sees Improvement in North American Activity in 2026

Jul 21, 2026

Halliburton anticipates incremental growth in North American drilling and fracking activity throughout 2026 as oil prices incentivize shale producers. Despite a slight dip in Q2 operating income, the company reports improved service pricing and expanded international contract awards.

bloomberg

2026-07-21

Halliburton Sees Improvement in North American Activity in 2026

Halliburton Sees Improvement in North American Activity in 2026

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