Halliburton Company Q2 2026 Earnings Call | Offshore Drilling and International Demand Drive Cash
Halliburton Company Q2 2026 Earnings Conference Call. Twitter - https://x.com/i101yt If you find our work useful, please support ...
Chairman of the Board, President & Chief Executive Officer, Halliburton
Search every verified Jeffrey Miller interview, podcast appearance, and on-the-record quote — each transcript cross-checked by AI and human review to confirm speaker identity. Jeffrey Miller, chairman, president and CEO of Halliburton, said during the company’s second-quarter 2026 earnings call that Halliburton’s international business delivered its highest second-quarter revenue in more than a decade despite disruption in the Middle East, and that North America showed sequential improvement. Miller stated that the global outlook for Halliburton is strong and that he expects the company’s international business, outside the Middle East, to grow low double digits this year. He attributed the company’s performance to its technology and value proposition, which he described as differentiated. Miller said that energy security remains a central issue and that countries must rebuild inventories, refill strategic reserves, and diversify supply, a process he expects will take years. He stated that reliable and affordable energy are prerequisites for prosperity and that demand for energy grows with the global economy. Miller also said the market will require more advanced technology and greater service intensity to sustain or grow production. When asked about moving equipment out of North America to international markets, Miller said the company prioritizes pricing and has “zero hesitation” in moving equipment to places that generate returns, citing examples in Argentina, the Middle East, Algeria, and the UAE.
“I believe the path forward runs squarely through a healthy oil field services industry.”
“I expect the market will require more advanced technology and greater service intensity to simply sustain, much less grow production.”
“I expect this work will take years, not quarters. Second, reliable and affordable energy are prerequisites for prosperity and quality of life. As the global economy expands, demand for that energy grows with it. I believe the path forward runs squarely through a healthy oil field services industry.”
“I believe the global outlook for Halliburton is strong and will lead to revenue growth and margin expansion. In the international markets, I am excited about Halliburton's contract awards and pipeline of future opportunities. Outside the Middle East, we expect our international business to grow low double digits this y...”
“Thank you David and good morning everyone. I am pleased with Halliburton's second quarter performance. Our international business delivered its highest second quarter revenue in more than a decade despite the disruption in the Middle East. Our North America business delivered sequential improvement and my outlook for o...”
“First, energy security remains a central issue for both producing and consuming nations. To achieve it, countries must rebuild inventories, refill and expand strategic reserves, and diversify supply. I expect this work will take years, not quarters. Second, reliable and affordable energy are prerequisites for prosperit...”
“Energy security is no longer simply a talking point. It demands action by every nation to ensure a reliable supply of oil and gas. I expect we will see increased investment in localized oil and gas developments and urgency to diversify sources of oil and gas for those countries without their own resources.”
“We are going to focus on returns, not market share, which means our priority is to improve the returns of our existing fleets before we add capacity. Clearly, restoring price to acceptable levels is a key component of this.”
“The most important change is that the supply overhang's no longer a concern. That's swept away and demand structural demand remains intact. And so I think that combination sort of moves the rebalancing up closer. When I look out, I think equally important is the view that energy security is no longer a talking point. I...”
“There's no change in our focus on shareholder returns or our overall philosophy around buybacks. To be very clear, we started the year lower than our run rate. That is something that we actually mentioned on the Q4 call and we mentioned that that was our intent considering the macro situation we were facing at the time...”
“I believe the oil and gas markets are structurally tighter and I am convinced that Halliburton has the right service lines, strategy and technologies across the key oil and gas basins around the world. I believe this is a market where Halliburton will thrive.”
“We delivered total company revenue of $22.2 billion and adjusted operating margin of 14%. International revenue was $13.1 billion, down 2% year-over-year. North America revenue was $9.1 billion, a decrease of 6% year-over-year. During the year, we generated $2.9 billion of cash flow from operations, $1.9 billion of fre...”
“I am confident in the future of oil field services and excited about Hallebertton's opportunities now and in the years ahead. Oil and gas have a critical and recognized role to play in the energy mix of the future. The shift from idealism to pragmatism is refreshing and consistent with the reality that there will be gr...”
“Hallebertton entered Venezuela in 1938 and only exited in 2019 because we are an American company in compliance with US sanctions. Hallebertton knows this market well. and we will grow our business there as soon as commercial and legal terms are resolved including payment certainty. The early steps are already well und...”
“We expect the combination of steeper decline rates, diminishing reservoir quality, and limited exploration success to create favorable tailwinds for oil field services. I expect the next cycle to begin where it always has in North America, followed by a global push to meet the growing demand.”
Halliburton Company Q2 2026 Earnings Conference Call. Twitter - https://x.com/i101yt If you find our work useful, please support ...
... revenue for Q2 2026 was 5.7 billion an increase of 6% when compared to Q1 2026 adjusted operating income was $683 million ...
07/21/2026 Q&A: 18:37 Halliburton Company provides products and services to the energy industry worldwide. It operates in two ...
... today's webcast available for 7 days on Hallebertton's website after this call Joining me today are Jeff Miller chairman president ...
... concludes the Q&A portion of our call uh at this time I would like to turn the conference back over to Mr jeff Miller for any closing ...
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