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Halliburton Company, a leading oilfield service provider, generates 59.5% of its sales from construction and production services and 40.5% from drilling and inspection services. Revenue sources include 71.6% from services and 28.4% from products, with North America accounting for 45.6% of sales, followed by the Middle East and Asia at 24.7%, Latin America at 17.3%, and others at 12.4%.
Halliburton Company, a leading provider of oil-related services, reports net sales primarily from construction and production services (59.5%) and drilling and inspection services (40.5%). Services account for 71.6% of sales, while products make up 28.4%. Geographically, North America leads with 45.6% of net sales, followed by the Middle East and Asia (24.7%), Latin America (17.3%), and other regions (12.4%).
Dimensional Fund Advisors LP increased its Halliburton stake by 20% in Q2, now holding over 10 million shares valued at $340.75 million. UBS Group downgraded Halliburton to a "neutral" rating with a target price of $34, while analysts maintain a "Moderate Buy" rating overall. The company reported a quarterly EPS of $0.73, missing estimates, with revenue down 1.8% year-over-year.
Halliburton Company, a leading provider of oil-related services, reports net sales primarily from construction and production services (59.5%) and drilling and inspection services (40.5%). The company generates 71.6% of its revenue from services and 28.4% from products, with North America accounting for 45.6% of net sales, followed by the Middle East and Asia (24.7%), Latin America (17.3%), and other regions (12.4%).
The North American fluid handling services market is projected to grow from $2.10 billion in 2023 to $3.5 billion by 2033, with a CAGR of 5.24%. Key drivers include the increasing demand for filtration and pumping services across industries such as oil & gas, chemicals, and pharmaceuticals, while challenges include high initial costs and a shortage of skilled labor.
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