SCHEDULE 13G/A: BlackRock Discloses 8.1% Stake in Halliburton Company

BlackRock, Inc. has filed an amended Schedule 13G, reporting an 8.1% beneficial ownership stake in Halliburton Company's common stock as of March 31, 2025.

Summary

• BlackRock, Inc. filed an Amendment No. 16 to Schedule 13G regarding its beneficial ownership in Halliburton Company.
• As of March 31, 2025, BlackRock, Inc. beneficially owns 70,125,502 shares of Halliburton Company's Common Stock.
• This represents 8.1% of the total outstanding common stock of Halliburton Company.
• BlackRock holds sole voting power over 61,916,571 shares and sole dispositive power over 70,125,502 shares.
• The securities were acquired and are held in the ordinary course of business, not for the purpose of changing or influencing control of Halliburton Company.
• Various BlackRock subsidiaries and affiliates contribute to this aggregate ownership, with no single person's interest exceeding five percent of the total outstanding common shares.

Sentiment

Score: 6

Explanation: Neutral to slightly positive. It's a routine disclosure of a significant passive stake by a major institutional investor, indicating continued confidence in the company without implying any immediate strategic changes or performance issues.

Positives

• BlackRock's significant stake (8.1%) indicates a strong institutional interest and confidence in Halliburton Company.
• The filing confirms the shares are held in the ordinary course of business, suggesting a passive, long-term investment perspective rather than an activist stance.

Future Outlook

This Schedule 13G filing is a disclosure of current beneficial ownership and does not contain forward-looking statements or guidance regarding Halliburton Company's future performance or BlackRock's investment strategy beyond the statement that shares are held in the ordinary course of business.

Management Comments

• Spencer Fleming, Managing Director of BlackRock, Inc., certified that 'the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.'

Industry Context

This filing reflects a major institutional investor's continued significant stake in a leading oilfield services company. BlackRock's substantial holding in Halliburton Company underscores the ongoing institutional interest in the energy sector, particularly in companies providing essential services to oil and gas exploration and production. Such filings are routine disclosures of passive investment positions by large asset managers.

Comparison to Industry Standards

• As a Schedule 13G filing, this document primarily serves as a disclosure of beneficial ownership by a passive investor. It does not provide operational or financial results for Halliburton Company that would allow for direct comparison to industry standards or specific comparable companies like Schlumberger, Baker Hughes, or Weatherford International in terms of performance metrics. The filing simply indicates BlackRock's investment position relative to Halliburton's total outstanding shares.

Stakeholder Impact

• Shareholders: Provides transparency regarding a major institutional investor's stake, potentially reinforcing confidence.
• Management: Awareness of a significant passive shareholder, but no direct impact on operations or strategy is implied.

Next Steps

• This filing is a regulatory disclosure and does not outline specific future actions or milestones for Halliburton Company or BlackRock's investment strategy beyond the ongoing passive holding.

Key Dates

Keywords

Halliburton Company, BlackRock, Schedule 13G, Beneficial Ownership, Common Stock, Institutional Investor, Oilfield Services, Energy Sector