Shares of Halliburton rose 1.5% on Monday following these comments. The CEO noted that the region is currently three months into the crisis, and believes that the cycle of repairing inventories and strengthening critical infrastructure will provide a long term growth trajectory for the business.
Tuesday, October 20, 2026
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Halliburton Forecasts Multi Year Growth From Iran War Recovery
Earnings6 hours ago
The chief executive of Halliburton identified the current state of the industry as one of the most severe disruptions in history, calling for an extensive rebuilding effort. The company predicts that requirements for oil field services will increase over several years as Middle Eastern countries replace assets and infrastructure destroyed during the Iran war. Management expects that restoring production and strengthening energy security will lead to a sustained rise in service contracts.
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