Halliburton is shifting from a cyclical oil service stock to a more resilient business with disciplined capital returns and operational efficiency under CEO Jeff Miller. The company’s international revenue is growing robustly, with Latin America up 22% and Europe/Africa up 11%, offsetting declines in the Middle East and Asia. Despite flat revenues, profitability improved significantly in Q1 2026, with net income reaching $461 million and operating income $679 million. This strong performance and strategic execution support a Buy rating with a $70.30 price target over five years, highlighting Halliburton’s improved business mix and international momentum amid ongoing industry risks.
