Forecast Of The Day: Halliburton’s North America Revenue

by Trefis Team
Halliburton Company
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Halliburton’s (NYSE:HAL) North America Revenue declined from around $12 billion in 2019 to about $5.7 billion in 2020. Trefis expects revenue to recover marginally to about $6.2 billion in 2021 and to $7.1 billion in 2022.


Revenue saw a sharp decline in 2020 due to the Covid-19 and oil price crisis, which hurt upstream spending by oil companies. However, we also expect the recovery to be gradual, as shale oil producers in the U.S. have been curtailing capital expenditures, despite rising oil prices.

So What?

We think that the potential recovery is more than priced into HAL stock. We valued the stock at about $17 per share, below the $20 market price.

See Our Complete Analysis For Halliburton

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