Halliburton shares jump on Q4 beat as revenues tick higher

21st Jan 2026 13:26

(Sharecast News) - Shares in Halliburton jumped as Wall Street opened on Wednesday after the American oil services company posted a smaller-than-predicted decline in fourth-quarter profits, while revenues unexpectedly inched higher.

Halliburton, the world's second-largest oil services company behind SLB, reported total revenues of $5.66bn for the three months to 31 December, up from $5.61bn the year before and comfortably ahead of the consensus forecast of $5.41bn.

Completion and production revenues were marginally higher at $3.27bn, up from $3.18bn previously, due to higher year-end completion tool sales, improved cementing activity in the Western Hemisphere and Africa, and increased well intervention services internationally.

That helped to offset a slight fall in drilling and evaluation turnover to $2.39bn from $2.43bn due to lower fluid services in North America and decreased drilling services in Middle East/Asia.

Group net profits came in at $589m, down from $615m a year earlier. Excluding impairments and other one-off charges, adjusted earnings per share of $0.69 smashed the $0.55 figure expected by analysts.

"I am pleased with Halliburton's fourth quarter performance and the way we closed out 2025. We outperformed our expectations and it is clear that Halliburton's strategy and value proposition deliver differentiated results," commented chair, president and chief executive Jeff Miller.

"I am confident in the outlook for our business and Halliburton's ability to deliver leading returns and capitalise on future growth opportunities," he said.

For 2025 as a whole, revenues fell to $22.18bn from $22.94bn, while net income nearly halved to $1.29bn from $2.52bn.

The stock was up 4.7% at $33.58 by 1438 GMT.