The Iran war has thrown the global oil market into turmoil, disrupting oil routes and supply across the Middle East. It has also exposed the risks of relying too heavily on concentrated supply sources. Yet these same issues have also pushed energy producers to think harder about production capacity, exploration, and investment in longer-term projects outside the most exposed areas.
For Halliburton (HAL) and SLB (SLB), two of the world's largest oilfield-service companies, the bigger opportunity could come after the disruption. As operations restart, that could translate into more drilling, well intervention, production optimization, and infrastructure work. These are exactly the kind of services these two companies provide.
