Halliburton beats third-quarter profit estimates on strong international oilfield demand
Halliburton reported adjusted profit of 60 cents per share versus 58 cents expected by analysts, according to LSEG data for the quarter ended September 30.
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what happened
According to Reuters, the US oilfield services provider topped Wall Street profit expectations on Tuesday. Its adjusted profit reached 60 cents per share for the three months ended September 30, while analysts polled by LSEG had expected 58 cents.
Demand for its oilfield equipment in Latin America rose and helped offset weaker activity in the Middle East, where the company cited a prolonged conflict in the region.
why it matters
Results from oilfield services firms show how international projects shape activity across the energy sector. Stronger demand in Latin America may support sentiment for services stocks even as Middle East activity remains subdued.
market impact
Oilfield services: beat and Latin American demand support the sector
tags
instruments
sources
- Halliburton tops third-quarter profit estimates on international oilfield demand — Reuters, 20 October 2026 at 10:48 UTC
- Halliburton tops third-quarter profit estimates on international oilfield demand — Reuters, 20 October 2026 at 10:55 UTC
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