Halliburton To Benefit Long Term As Harder-To-Produce Oil Resources Are Tapped

Summary Halliburton Company is upgraded to a Buy, reflecting a shift to a long-term investment thesis amid expectations of higher oil prices. HAL's H1 2026 results show revenue up 2% to $11.12B and net income up 47% to $995M, with comfortable debt servicing metrics. Future growth is tied to global drilling activity, especially potential expansion in Venezuela and international markets beyond the U.S. shale patch. HAL trades at a forward P/E of 15, making it notably cheaper than peers; cautious incremental buying is advised amid potential market volatility. Brett_Hondow/iStock Editorial via Getty Images Investment Thesis Looking beyond the current geopolitically induced market trends, I see a great opportunity for a contrarian long-term bet on higher oil prices. Institutional forecasts are telling us that a massive global oil glut awaits This article was written by Zoltan Ban 8.75K Followers Follow My name is Zoltan Ban, I have a BA in economics. I am a personal investor with two decades of active trading experience. Analyst’s Disclosure: I/we have a beneficial long position in the shares of HAL, TTI either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.