• In recent months, Halliburton has joined Deep Isolation’s multi-year deep borehole nuclear waste disposal demonstration at its Texas drilling technology facility, filed an omnibus shelf registration for multiple securities, and appointed Timothy A. Leach to its board and key board committees.
• Together, these moves highlight Halliburton’s efforts to broaden its role in advanced subsurface technologies while reinforcing governance and financing flexibility for future initiatives.
• We’ll now examine how Halliburton’s involvement in deep borehole nuclear waste disposal could reshape its investment narrative beyond traditional oilfield services.

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Halliburton Investment Narrative Recap

To own Halliburton, you need to believe its core oilfield services can keep generating solid cash flows while it gradually builds out adjacent subsurface technologies. The deep borehole nuclear waste project and new shelf registration are interesting, but they do not materially change the near term focus on stabilizing margins after recent profit compression or the key risk of structurally weaker demand as decarbonization and renewables advance.

The deep borehole demonstration with Deep Isolation at Halliburton’s Texas drilling facility is the most relevant recent announcement here, because it directly touches on long term diversification beyond traditional oil and gas work. While it is early stage and non radioactive, its progress could influence how investors weigh Halliburton’s efforts to offset North American shale cyclicality and potential long run fossil fuel demand headwinds.

Yet investors should also weigh the risk that, even as Halliburton explores nuclear waste solutions, intensifying decarbonization and ESG pressures could still...

Halliburton's narrative projects $22.1 billion revenue and $2.0 billion earnings by 2028. This requires a 0.2% yearly revenue decline and roughly a $0.1 billion earnings increase from $1.9 billion today.

Uncover how Halliburton's forecasts yield a $31.72 fair value, a 9% downside to its current price.

Exploring Other Perspectives

Some of the lowest ranked analysts were already assuming Halliburton’s revenue could fall about 3.1% a year and earnings settle near US$1.6 billion, so you should recognize that their more pessimistic view of decarbonization and regulatory risks could shift again as the nuclear waste collaboration and other developments play out.

Explore 10 other fair value estimates on Halliburton - why the stock might be worth over 2x more than the current price!

Build Your Own Halliburton Narrative

Disagree with existing narratives? Create your own in under 3 minutes - extraordinary investment returns rarely come from following the herd.

• A great starting point for your Halliburton research is our analysis highlighting 2 key rewards and 4 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.

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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.