Comparing the current results to its competitors, Halliburton reported Revenue decrease in the 1 quarter 2026 year on year by -0.28 %, despite the revenue increase by the most of its competitors of 6.19 %, recorded in the same quarter.
Halliburton Company Net Income in the 1 quarter 2026 grew year on year by 128.57%, faster than the Halliburton's competitors average income growth of 15.89 %
Halliburton's Comment on Competition and Industry Peers
Markets and competition Because the markets for our services and products are vast and cross numerous
geographic lines, it is not practicable to provide a meaningful estimate of
the total number of our competitors. The industries we serve are highly competitive,
and we have many substantial competitors. Most of our services and products
are marketed through our servicing and sales organizations.
Operations in some countries may be adversely affected by unsettled political
conditions, acts of terrorism, civil unrest, expropriation or other governmental
actions, foreign currency exchange restrictions, and highly inflationary currencies,
as well as other geopolitical factors. We believe the geographic diversification
of our business activities reduces the risk that loss of operations in any one
country, other than the United States, would significantly impact the conduct
of our operations taken as a whole.
October 16, 2025
In an unprecedented move within the subsea oil and gas sector, Halliburton (NYSE: HAL) has successfully collaborated with Aker BP to execute the first umbilical-less tubing hanger installation off the Norwegian continental shelf. Utilizing state-of-the-art technologies the Enhanced Remote Operated Control System (eROCS) and the Optime Tubing Hanger Orientation System (OTHOS) this operation represents a significant leap in subsea control and completions.This operation not only sets a new standard for Halliburton’s subsea initiatives but also heralds broader possibilities for digital control solutions that eschew traditional umbilical connections. The implications of this achievement suggest a shift in oper...
Patterson-UTI Energy Inc. operates as a provider of onshore drilling services and related equipment for oil and natural gas companies. Their business model is centered around offering drilling solutions, including rigs, directional drilling services, and pressure pumping services, to help their clients extract and produce energy resources. They aim to leverage their extensive fleet and expertise to deliver efficient and high-quality drilling services, contributing to the growth and success of energy companies in the United States.
Ranger Energy Services Inc is a company that provides well service rigs, wireline units, and other oilfield services to the oil and gas industry. They offer their equipment and expertise on a contract basis, helping their clients with various drilling and production operations. By offering a range of services and equipment, they aim to assist clients in optimizing their operations and increasing efficiency in the oilfield sector.
Schlumberger Limiteds business model revolves around providing advanced technologies and services to the oil and gas sector. They focus on enhancing exploration, development, production, and reservoir management through innovation and specialized expertise, serving a global client base in the energy industry.
Mammoth Energy Services Inc operates as an energy services company that provides infrastructure solutions primarily to the energy industry. Its business model focuses on offering a range of services such as construction, maintenance, and environmental services to support energy companies in their operations.
Select Energy Services Inc has a business model focused on providing comprehensive water management and chemical solutions to the oil and gas industry, with a strong emphasis on delivering sustainable and cost-effective services in an efficient manner. They aim to support the entire lifecycle of oil and gas production by offering services such as water sourcing, treatment, recycling, and disposal, as well as logistics and well-site services.
Sources:
Halliburton Company’s official press releases and regulatory filings; CSIMarket.com’s market research; and the financial filings and press releases of other companies cited in this report.
Updated on:
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