By Adam Clark

Halliburton stock was climbing early Wednesday after the oil-services company's quarterly earnings beat expectations. This follows gains made recently amid excitement over a possible return to Venezuela as it battles a slowdown in North America.

Houston-based Halliburton posted adjusted earnings of 69 cents a share on revenue of $5.7 billion for the fourth quarter of 2025. Analysts had expected earnings of 55 cents a share on revenue of $5.4 billion, according to a FactSet poll of analysts' estimates.

Halliburton's finances are usually closely tied to the price of crude -- the higher the price of oil, the greater the demand for the company's services. However, Halliburton looks to have partially defied the drag from lower oil prices with stronger international revenue, despite a 7% fall in its North America sales from the preceding quarter.

"Halliburton's international business is strong. Our collaborative value proposition is winning, our technology is delivering and our growth engines are aligned with the evolution of the market," said CEO Jeff Miller in a statement. "In North America, we will continue our Maximize Value strategy. I expect North America is the first to respond when macro fundamentals improve."

Halliburton shares were up 2.6% in premarket trading. The stock has gained 13% this year so far, partially fueled by excitement over the potential revenue from rebuilding Venezuela's energy sector with the backing of the U.S. government.

Write to Adam Clark at adam.clark@barrons.com

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January 21, 2026 07:37 ET (12:37 GMT)

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