Halliburton awarded multi-year agreement by Kuwait Oil Company
The agreement supports development of the Ahmadi Innovation Valley R&D center to advance Kuwait's energy sector transformation.
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Oilfield services and energy technology provider
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In short: Halliburton reported strong Q2 2026 revenue of $5.7 billion and secured major global contracts with Saudi Aramco and Eni.
The agreement supports development of the Ahmadi Innovation Valley R&D center to advance Kuwait's energy sector transformation.
Revenue of $5.7 billion, net income of $0.64 per diluted share, and free cash flow of $668 million.
The contract includes field management and engineering for Bin Umar and Sindbad fields in southern Iraq.
The multi-year contracts cover approximately 285 planned wells with integrated drilling, completions, and workovers.
Halliburton Company recently announced it secured a bundled well construction and completions contra...
Halliburton will use its existing Cyprus infrastructure and regional capabilities to support logistics and execution throughout the multi-year campaign.
Barclays maintains a buy rating on Halliburton stock with a USD 53 price target as of September 9, 2026, underlining confidence in the oilfield services...
Halliburton stock (ISIN US4062161017) is trading at 37.07 dollars as of September 4, 2026, close to the upper end of its recent range after the...
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