Here’s Why Halliburton Company (HAL) Is Gaining Momentum From Key Collaborations

We recently compiled a list of the 10 Stocks Gaining Momentum From Key Collaborations. In this article, we are going to take a look at where Halliburton Company (NYSE:HAL) stands against the other stocks.

The US stock indices are decreasing as investors try to make sense of mixed earnings reports from banks. Donald Trump’s Treasury choice is being grilled by the Senate on tariffs, Fed independence, and tax cuts. LA wildfires are coming under control, though high winds continue to make things uncertain in the region. Amidst all this, it is business as usual for many companies. From tech companies to automotive, every firm is collaborating with others in the industry to add more value for its customers. Some of these partnerships relate to the improvement of services while others act as value additions to both businesses, such as Microsoft and Pearson plc’s partnership on improving education and training.

We compiled a list of 10 stocks that are either surging on such collaborations or have the potential to outperform the market based on business improvements through these collaborations. To come up with our list of 10 stocks that are gaining momentum from key collaborations, we only considered stocks with a market cap of at least $1 billion.

A drilling rig in the desert with an orange sunset in the background.

Halliburton Company (NYSE:HAL)

Halliburton Company (NYSE:HAL) 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.

Overall HAL ranks 7th on our list of the stocks that are gaining momentum from key collaborations. While we acknowledge the potential of HAL as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is as promising as HAL but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

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Disclosure: None. This article was originally published at Insider Monkey.