Company Market Research Report

Company Overview

• Name: Halliburton

• Mission: To create innovative technologies, products, and services that help customers maximize their value throughout the life cycle of an asset and advance a sustainable energy future.

• Founded: 1919

• Founder: No information is available.

• Key People:

• Jeff Miller, Chairman, President & CEO

• Headquarters: No information is available.

• Number of Employees: More than 40,000

• Revenue: Halliburton reported a net income of $615 million for the fourth quarter of 2024.

• Known For: Halliburton is one of the world's leading providers of products and services to the energy industry, particularly known for their work in oil and gas production optimization, hydraulic fracturing, and innovative technology solutions.

Products

• Intelevate™: A digital platform that reduces field monitoring and capital costs and production deferment in wells. It monitors multiple wells with a single Edge device.

• EcoStar® Electric Tubing-Retrievable Safety Valve (TRSV): Improves reliability and efficiency in completion systems, key to electrification of well systems.

• iCruise® Force Intelligent High-Performance Rotary Steerable System: Expands drilling capabilities to optimize drilling performance and maximize asset value.

• TrueSync™ Hybrid Permanent Magnet Motors: Offers efficiency, sustainability, and reliability for motor operations.

• OCTIV® Intelligent Fracturing Platform: An intelligent fracturing ecosystem that supports frac automation, digital operations, and remote connectivity.

• SandTrap® XL Consolidation Service: Helps control formation sand production from highly unconsolidated formations.

• IntelliScope™ Leak and Flow Diagnostic Service: Uses acoustic analysis tools to identify wellbore leaks by analyzing sound waves that describe flow patterns.

Recent Developments

• New Products and Features:

• Launched the first fully automated hydraulic fracturing program in collaboration with Coterra Energy, automating stage delivery execution.

• Introduced an all-electric system featuring EcoStar® TRSV for completion systems.

• Partnerships:

• Secured a major offshore drilling contract with Petrobras for drilling services over a three-year period.

• Contracts and Financial Results:

• Halliburton announced a net income of $615 million for the fourth quarter of 2024.

• Continues collaborations through Halliburton Labs, accelerating late-stage clean energy and climate ventures to commercialization.

• Innovations and Accolades:

• Halliburton won the Transformation and Organisation Performance Award at the Oman Petroleum & Energy Show for integration of automation solutions.

• Innovations in electronic fracturing, automation, and visualization aimed at optimizing oil and gas production.

This comprehensive overview provides insight into Halliburton's market presence, product offerings, and recent strategic moves.