10 Stocks Gaining Momentum From Key Collaborations

7. Halliburton (NYSE:HAL)

Halliburton and the government of Iraq are about to come to an agreement regarding the Nahr Bin Omar oilfield’s future development. If the deal goes through, Iraq will allow Halliburton to access Nahr Bin Omar oilfield’s data so the company can help the country increase its oil production.

Halliburton could help the country increase the oilfield’s production from the current 50,000 bbl/day to 300,000 bbl/day, a six-fold increase! This will not only help the company improve its revenue but also aid Iraq in increasing its oil production. This revenue is important for the company as HAL’s revenue has seen a decline lately.

The company’s balance sheet remains sound, though the long-term debt continues to irk investors. That is perhaps also a reason why the firm had a lackluster 2024, something that could change in 2025 if the company manages to increase revenues.