Why did Halliburton's shares fall despite beating second-quarter earnings estimates?

Halliburton's shares fell 4.3% in premarket trading due to subdued demand in North America, where revenue came in flat at $2.28 billion — primarily driven by lower specialty chemicals activity in U.S. Land following the sale of part of its chemical business and decreased drilling activity in the Gulf of Mexico.

What were the key regional drivers of Halliburton's international revenue growth in Q2?

Latin America revenue rose nearly 15% to $1.12 billion, fueled by increased stimulation activity in Argentina and Mexico and higher completion tool sales in Mexico; Europe and Africa revenue reached $1.02 billion, supported by improved activity across service lines in the North Sea and increased well construction activity in Namibia and Egypt; meanwhile, Middle East revenue dropped nearly 11% to $1.3 billion due to lower oilfield activity in Kuwait, Iraq, and Qatar.

Halliburton Beats Estimates on Europe, Latin America Oilfield Services Demand

Jul 21, 2026

Halliburton beat Q2 profit estimates driven by Europe and Latin America gains, offsetting Middle East and North America declines. Total revenue hit $5.71 billion, though shares dropped on subdued domestic demand.

reuters

2026-07-21

Halliburton Beats Estimates on Europe, Latin America Oilfield Services Demand

Halliburton Beats Estimates on Europe, Latin America Oilfield Services Demand

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