Stronger North American Recovery Drives Halliburton’s Q2 Growth
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**Halliburton Reports Strong Q2 2026 Growth Driven by North American Recovery**
Halliburton announced a solid financial performance for the second quarter of 2026, generating $5.7 billion in revenue—a sequential increase from the $5.4 billion recorded in the first quarter. This growth was primarily propelled by a rebound in North American stimulation and well construction operations. During the quarter, the company achieved an operating income of $778 million and a net income of $534 million, translating to $0.64 per diluted share.
Jeff Miller, Halliburton’s Chairman, President, and CEO, expressed optimism for the future, forecasting sustained momentum across both domestic and international markets. He pointed to a robust pipeline of new contracts and rising demand for the company’s advanced technologies and services, noting that gradual improvements in North America are expected to continue through the end of the year.
### Segment Performance
* **Completion and Production:** Revenue rose 6% sequentially to $3.2 billion, driven by increased stimulation operations in the Western Hemisphere and expanded well intervention services across Asia.
* **Drilling and Evaluation:** Revenue grew 5% to $2.5 billion, boosted by higher demand for drilling-related services and wireline activity in North America, Europe, and Africa.
### Regional Highlights
* **North America:** Revenue climbed 7% quarter-over-quarter to $2.3 billion, fueled by active land stimulation and well construction in the U.S.
* **International:** Total international revenue rose 5% to $3.4 billion.
* **Europe and Africa** led international growth with a 19% surge, powered by heightened activity in the North Sea, Namibia, Egypt, and Angola.
* **Middle East and Asia** revenue slipped by 2%, impacted by geopolitical conflicts that slowed operations in Kuwait, Iraq, and Qatar.
### Capital Allocation and Key Contracts
During the second quarter, Halliburton returned value to shareholders by repurchasing approximately $200 million of its common stock.
The company also secured several major contracts, including:
* Integrated well construction services for TotalEnergies’ offshore GranMorgu development in Suriname.
* Field development services in southern Iraq.
* Multiple service contracts supporting Aramco’s onshore and unconventional gas initiatives in Saudi Arabia.
