Halliburton (HAL) Soars Following Q3 Report

The share price of Halliburton Company (NYSE:HAL) surged by 19.22% between October 17 and October 24, 2025, putting it among the Energy Stocks that Gained the Most This Week.

Halliburton Company (NYSE:HAL) is one of the largest providers of products and services to the energy industry in the world.

Halliburton Company (NYSE:HAL) shot up after the company announced better-than-expected results for its Q3 2025 on October 21, topping estimates in both earnings and revenue. Moreover, HAL revealed that it is expecting $400 million in annual savings from its cost-cutting measures, which is much-needed given the long-term negative outlook on global oil demand growth.

Following the third quarter reports, Halliburton Company (NYSE:HAL) received an extensive amount of positive attention from analysts, including upgrades from ‘Sector Perform’ to ‘Outperform’ from RBC Capital and from ‘Hold’ to ‘Buy’ at HSBC.

Moreover, Halliburton Company (NYSE:HAL) announced last week that it is collaborating with VoltaGrid to deliver power solutions to data centers, signaling the company’s foray into the booming power market at a time when the global demand for oilfield fracking is slackening.

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