Halliburton Joins Oilfield Recovery Deals in $38.4bn Trade, Stock Up 65%
Halliburton signed an MoU with Pertamina on oilfield recovery projects as part of Indonesia-US $38.4bn trade deals, expanding its international services portfolio. The stock has also surged 65% over six months to a 52-week high but faces North America market risks and near-term margin pressure.
1. MoU with Pertamina for Oilfield Recovery
Halliburton entered a memorandum of understanding with Indonesia’s state-owned Pertamina to collaborate on oilfield recovery projects. This agreement is one of 11 contracts totaling $38.4bn signed between US and Indonesian firms, covering sectors from mining to technology and enhancing Halliburton’s international service footprint.
2. Stock Performance and Valuation Risks
Halliburton’s shares have climbed 65% over the past six months, reaching a 52-week high and reflecting strong investor optimism. However, the company faces regional exposure risks in North America and is expected to encounter near-term margin pressure, potentially capping further upside.