Houston, Texas-based Halliburton Company (HAL) provides energy, engineering, and construction services and manufactures products for the energy industry. Valued at $28.2 billion by market cap, the company offers services and products and integrated solutions to customers in the exploration, development, and production of oil and natural gas (NGM24).
Shares of this leading energy equipment and services provider have underperformed the broader market considerably over the past year. HAL has declined 18.5% over this time frame, while the broader S&P 500 Index ($SPX) has rallied nearly 18.5%. In 2024 alone, HAL stock is down 12%, while the SPX is up 12.1% on a YTD basis.
