BP Taps Halliburton for Bumerangue Field Appraisal in Brazil
HAL sits 59% above its 52-week low of $21.4.
Summary
BP has awarded Halliburton an integrated contract for appraisal work at the Bumerangue field offshore Brazil. The award adds to Halliburton's growing international backlog, following recent wins in Iraq, Saudi Arabia, and Suriname. While financial terms were not disclosed, the contract reinforces Halliburton's position in Brazil's deepwater market and supports its international growth strategy. The company's Q2 2026 revenue reached $5.7 billion with adjusted EPS of $0.55, driven by international expansion.
At the time of this announcement, HAL was trading at $34.03 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $28.9B. The 52-week trading range was $21.40 to $43.59. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.