Shares outstanding are shares that have been authorized, issued, and purchased by investors and are held by them. Halliburton Co's shares outstanding for the quarter that ended in Mar. 2026 was 835 Mil.
Halliburton Co's quarterly shares outstanding
increased
from Dec. 2025 (835 Mil) to Mar. 2026 (835 Mil).
It means Halliburton Coissued new shares from Dec. 2025 to Mar. 2026 .
Halliburton Co's annual shares outstanding
declined
from Dec. 2024 (868 Mil) to Dec. 2025 (835 Mil).
It means Halliburton Cobought back shares from Dec. 2024 to Dec. 2025 .
Halliburton Co (NYSE:HAL) Shares Outstanding (EOP) Explanation
A company may buy back shares or issue shares in any fiscal period. If a company buys back shares, we should observe that the total number of shares decline. If the company issues new shares, the number of shares outstanding increases.
Usually the presence of treasury shares and a history of buyback are good indicators that company has competitive advantage. But studies have shown that companies usually buy back at wrong time. Buying back shares below its intrinsic value increases value for remaining shareholders. Buying back overvalued shares destroys value for existing shareholders.
Be Aware
Warren Buffett looks for consistency and upward long term trend. Because of share repurchase it is possible for net earnings trend to differ from EPS trend. He preferred net income over EPS. The companies with durable competitive advantage companies report higher % net earnings to total revenues.
Important: If a company is showing net earnings history greater than 20% on total revenues, it is probably benefiting from a long term competitive advantage.
If net earnings is less than 10%, likely to be in a highly competitive business.
Halliburton Co Shares Outstanding (EOP) Related Terms
Halliburton Co Shares Outstanding (EOP) Historical Data
* Premium members only.
The historical data trend for Halliburton Co's Shares Outstanding (EOP) can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
HAL vs FTI, WFRD, NOV: Shares Outstanding (EOP) Comparison
For the Oil & Gas Equipment & Services subindustry, Halliburton Co's Shares Outstanding (EOP), along with its competitors' market caps and Shares Outstanding (EOP) data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Halliburton Co Shares Outstanding (EOP) vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Halliburton Co's Shares Outstanding (EOP) distribution charts can be found below:
* The bar in red indicates where Halliburton Co's Shares Outstanding (EOP) falls into.
Halliburton Co Shares Outstanding (EOP) Calculation
Shares outstanding are shares that have been authorized, issued, and purchased by investors and are held by them. They have voting rights and represent ownership in the corporation by the person that holds the shares. They should be distinguished from treasury shares, which are shares held by the corporation itself, having no exercisable rights.
Shares outstanding can be calculated as either basic or fully diluted. The fully diluted shares outstanding count includes diluting securities, such as options, warrants or convertibles.
What does a Shares Outstanding (EOP) of 835 Mil mean?
Halliburton Co (HAL) has a Shares Outstanding (EOP) of 835 Mil as of Mar. 2026. The total shares a company has outstanding, at period-end. View historical data on Halliburton Co and its competitors.
Is Halliburton Co's Shares Outstanding (EOP) too high?
Halliburton Co's current Shares Outstanding (EOP) is 835 Mil. Overall, Halliburton Co has a GF Score™ of 73/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Halliburton Co's Shares Outstanding (EOP) compare to FTI and WFRD?
Halliburton Co's Shares Outstanding (EOP) of 835 Mil can be compared against companies in the Oil & Gas industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Shares Outstanding (EOP) for an Oil & Gas company?
A good Shares Outstanding (EOP) depends on the Oil & Gas industry context. However, Shares Outstanding (EOP) should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Shares Outstanding (EOP) mean?
A high Shares Outstanding (EOP) can signal that a stock is expensive relative to its fundamentals. The total shares a company has outstanding, at period-end. View historical data on Halliburton Co and its competitors. Halliburton Co's current Shares Outstanding (EOP) is 835 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Halliburton Co stock overvalued right now?
Based on GuruFocus' analysis, Halliburton Co (HAL) is currently considered Fairly Valued. The stock's GF Value™ is $33.36, compared to a current price of $34.67 — trading 3.9% above its estimated fair value. The current Shares Outstanding (EOP) is 835 Mil. Halliburton Co's overall GF Score™ is 73/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Shares Outstanding (EOP) calculated?
Shares Outstanding (EOP) is calculated from a company's financial statements. For Halliburton Co (HAL), the current Shares Outstanding (EOP) is 835 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Halliburton Co (HAL) Overvalued in 2026?
Based on GuruFocus' analysis, Halliburton Co stock appears to be overvalued.
The current stock price of $34.67 is trading 3.9% above its estimated GF Value™ of $33.36.
GuruFocus considers Halliburton Co to be Fairly Valued.
Key valuation signals for HAL:
Shares Outstanding (EOP): 835 Mil
GF Value™: $33.36 vs. price of $34.67 (3.9% above fair value)
No single metric tells the full story. See the HAL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Halliburton is North America's largest oilfield-services company as measured by market share. Despite industry fragmentation, it holds a leading position in the hydraulic fracturing and completions market, which makes up nearly half of its revenue. It also holds strong positions in other service offerings like drilling and completions fluids, which leverages its expertise in material science, as well as the directional drilling market. While we consider SLB the global leader in reservoir evaluation, we think Halliburton leads in any activity from the reservoir to the wellbore. Halliburton's innovations have helped multiple producers lower their development costs per barrel of oil equivalent, with techniques that have been honed over a century of operations.
73GF Score
Get the complete analysis for HAL
Shares Outstanding (EOP) is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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