• Earlier this month, Halliburton announced a five-year contract with ConocoPhillips Skandinavia AS for comprehensive well stimulation services in the North Sea, along with unveiling its next-generation SK Well Pages platform for real-time electric submersible pump monitoring, and participating in a major carbon capture project in the UK.
• These developments highlight Halliburton's growing emphasis on advanced digital integration and offshore solutions, diversifying its portfolio into both energy transition initiatives and productivity-focused services.
• We'll explore how Halliburton's push into digital technology and offshore contracts shapes the company's evolving investment narrative.

The end of cancer? These 26 emerging AI stocks are developing tech that will allow early identification of life changing diseases like cancer and Alzheimer's.

Halliburton Investment Narrative Recap

To remain a Halliburton shareholder, you need to believe that global energy demand and the need for oilfield services will persist, supporting the company's push into digital, offshore, and low-carbon technologies. The recently reaffirmed dividend and the high-profile North Sea contract could support sentiment, but these alone do not materially offset the core short-term catalyst of international expansion or the key risk of declining North American activity.

Among Halliburton’s recent announcements, the five-year contract with ConocoPhillips in the North Sea stands out as most relevant. This agreement signals efforts to offset weakness in shale regions by increasing offshore and international business, directly addressing the critical catalyst of diversification beyond North America. However, it’s important to consider that while Halliburton is growing internationally, investors should not ignore...

Read the full narrative on Halliburton (it's free!)

Halliburton's outlook anticipates $22.1 billion in revenue and $2.0 billion in earnings by 2028. This projection is based on a -0.2% annual revenue decline and a $0.1 billion increase in earnings from the current $1.9 billion level.

Uncover how Halliburton's forecasts yield a $26.54 fair value, a 24% upside to its current price.

Exploring Other Perspectives

Simply Wall St Community members have placed Halliburton’s fair value between US$20 and US$41.80 across 12 analyses. With international wins supporting diversification, contrasting views remind you that company performance can depend heavily on geographic exposure.

Explore 12 other fair value estimates on Halliburton - why the stock might be worth as much as 96% more than the current price!

Build Your Own Halliburton Narrative

Disagree with existing narratives? Create your own in under 3 minutes - extraordinary investment returns rarely come from following the herd.

• A great starting point for your Halliburton research is our analysis highlighting 4 key rewards and 2 important warning signs that could impact your investment decision.
• Our free Halliburton research report provides a comprehensive fundamental analysis summarized in a single visual - the Snowflake - making it easy to evaluate Halliburton's overall financial health at a glance.

Curious About Other Options?

Our daily scans reveal stocks with breakout potential. Don't miss this chance:

• AI is about to change healthcare. These 27 stocks are working on everything from early diagnostics to drug discovery. The best part - they are all under $10b in market cap - there's still time to get in early.
• The best AI stocks today may lie beyond giants like Nvidia and Microsoft. Find the next big opportunity with these 18 smaller AI-focused companies with strong growth potential through early-stage innovation in machine learning, automation, and data intelligence that could fund your retirement.
• Find companies with promising cash flow potential yet trading below their fair value.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com