Halliburton Exits Argentina's Malvinas Project, Signs Venezuela MOUs

โดย Simply Wall St·ARVESR·Read original
Summary · why it matters

Halliburton confirmed to Argentine authorities in early October 2026 that it and its subsidiaries will not work on the Malvinas Islands' Sea Lion project or conduct any hydrocarbon activities in the surrounding area, while separately signing memoranda of understanding with Eneva S.A. and WESCA to support oil and gas development opportunities in Venezuela. The two moves together reframe Halliburton's regional exposure, regulatory risk profile and future contract pipeline across Latin America, with the Venezuela agreements offsetting some perceived lost optionality around Malvinas through a different Latin American pathway for international revenue, offshore and unconventional exposure. Those agreements sit alongside recent multi-year wins in Suriname, Brazil and Cyprus, reinforcing that the key short-term catalyst remains Halliburton's ability to execute on higher-complexity international contracts at acceptable margins and with controlled start-up costs. Halliburton's narrative projects $25.1 billion in revenue and $2.7 billion in earnings by 2029, requiring 3.9% yearly revenue growth and an earnings increase of about $1.1 billion from $1.6 billion today, and yields a $43.44 fair value, a 36% upside to its current price. More optimistic analysts had already assumed revenues of about US$26.8 billion and earnings near US$3.4 billion before the Venezuela and Malvinas news, while other fair value estimates put the stock as low as $34.03.

Impact on assets 1

Energy▲ · 1 stocks
Halliburton Company
HAL
▲ PositiveDemandRegulationrelevance

Halliburton signs MOUs with Eneva and WESCA to support oil and gas development in Venezuela, adding a new Latin American contract pipeline.

Off-coverage companies 2

Eneva SAPrivate▲ Positive
Demandrelevance

Eneva S.A. signed an MOU with Halliburton to support oil and gas development opportunities in Venezuela.

WESCAPrivate▲ Positive
Demandrelevance

WESCA signed an MOU with Halliburton to support oil and gas development opportunities in Venezuela.

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