HAL Latest Report

Performance Review

Halliburton's total operating revenue as of December 31, 2024 was $5.61 billion, a decrease of approximately 2.25% from $5.739 billion in 2023. Although the decline is small, this trend may have a certain impact on the company's profitability.

Key Data in the Financial Report

1. Halliburton's total operating revenue decreased year-on-year, indicating a weakening of market demand, especially in North America.

2. The international market performed relatively strongly, with a 10% year-on-year increase in revenue, but the North American market is expected to decline by 6-8%, reflecting the differences in regional market conditions.

3. The industry's overall revenue grew by approximately 1.5% year-on-year, but individual companies' revenue fluctuated due to changes in market share.

4. Project delays and cancellations had a significant impact on operating revenue, especially in drilling and evaluation services.

Peer Comparison

1. Industry-wide analysis: The overall revenue of the oil and gas services market in 2024 grew, but faced challenges such as economic growth slowdown and changes in environmental policies. OPEC+'s production increase policy may lead to price fluctuations, affecting the industry's overall profitability.

2. Peer evaluation analysis: Compared with other competitors, Halliburton's revenue decline was smaller, but its performance still lagged behind the industry average, which may require measures to enhance market competitiveness to cope with ongoing industry challenges.

Summary

Halliburton's operating revenue in 2024 faced a decline, mainly affected by weakening market demand, intensified competition, and project delays. Although the international market performed relatively strongly, the sluggish North American market put pressure on overall performance. The company needs to pay attention to industry changes, especially the rise of renewable energy and the impact of environmental policies on traditional oil and gas businesses.

Opportunities

1. Expand international market business by strengthening operations in the Middle East to increase international operating revenue.

2. Optimize project management to reduce project delays and cancellations and enhance revenue stability.

3. Focus on the development opportunities in emerging markets, especially seeking business innovation in the transition to renewable energy.

Risks

1. A global economic slowdown may lead to further declines in oil and gas demand, affecting revenue expectations.

2. Intense competition may lead to price wars, squeezing profit margins.

3. Changes in policies and increased environmental regulations may pose challenges to the sustainability of traditional oil and gas businesses.