• Halliburton recently partnered with nuclear waste startup Deep Isolation to adapt its directional drilling technology for burying radioactive material deep underground in test wells.
• This move highlights how Halliburton may apply its core oilfield expertise beyond hydrocarbons, opening a potential role in long-term nuclear waste management.
• Next, we’ll examine how this push into nuclear waste disposal could influence Halliburton’s investment narrative around technology diversification and future growth.

We've uncovered the 9 dividend fortresses yielding 5%+ that don't just survive market storms, but thrive in them.

Halliburton Investment Narrative Recap

To own Halliburton, you need to believe its core oilfield services and digital technologies can stay relevant even as energy systems evolve. The Deep Isolation partnership adds an interesting, but currently small, proof point that Halliburton’s drilling expertise might extend into nuclear waste management. It does not materially change the near term focus on winning high value international contracts and managing the key risk of long term pressure on fossil fuel demand and emissions intensive services.

The most relevant recent development here is Halliburton’s program with Deep Isolation to test deep borehole disposal for nuclear waste using its directional drilling tools. This sits alongside a series of technology heavy contract wins with companies like TotalEnergies and Aramco, and together they highlight how Halliburton is leaning on its drilling, completions, and digital capabilities as potential offsets if traditional North American shale activity weakens further.

Yet behind the diversification story, investors should also be aware of...

Halliburton's narrative projects $24.7 billion revenue and $2.6 billion earnings by 2029.

Uncover how Halliburton's forecasts yield a $44.24 fair value, a 32% upside to its current price.

Exploring Other Perspectives

Some of the lowest estimate analysts paint a far more cautious picture, assuming revenue of about US$23.5 billion and earnings near US$2.7 billion by 2029, so this new nuclear waste work could eventually shift views on both their concerns about weakening oil demand and their expectations for Halliburton’s ability to build new profit pools.

Explore 5 other fair value estimates on Halliburton - why the stock might be worth over 2x more than the current price!

Form Your Own Verdict

Don't just follow the ticker - dig into the data and build a conviction that's truly your own.

• A great starting point for your Halliburton research is our analysis highlighting 4 key rewards and 2 important warning signs that could impact your investment decision.
• Our free Halliburton research report provides a comprehensive fundamental analysis summarized in a single visual - the Snowflake - making it easy to evaluate Halliburton's overall financial health at a glance.

Contemplating Other Strategies?

These stocks are moving-our analysis flagged them today. Act fast before the price catches up:

• Capitalize on the AI infrastructure supercycle with our selection of the 56 best 'picks and shovels' of the AI gold rush converting record-breaking demand into massive cash flow.
• Explore 26 top quantum computing companies leading the revolution in next-gen technology and shaping the future with breakthroughs in quantum algorithms, superconducting qubits, and cutting-edge research.
• Rare earth metals are an input to most high-tech devices, military and defence systems and electric vehicles. The global race is on to secure supply of these critical minerals. Beat the pack to uncover the 28 best rare earth metal stocks of the very few that mine this essential strategic resource.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.