Halliburton Company (NYSE:HAL) won a five-year Basra Oil Co. contract to boost oil (~150,000 bpd at Bin Umar; 80–100,000 bpd at Sindbad) and gas output while UBS stays Neutral on HAL; the company also announced the June 24, 2026 death of long-serving board member Abdulaziz F. Al Khayyal.

Previous Week Recap

  • Halliburton Iraq Deal To Manage Basra Fields: Halliburton signed a five-year deal with Iraq’s Basra Oil Co. to manage Bin Umar and Sindbad fields, targeting ~150,000 bpd (Bin Umar) and 80,000–100,000 bpd (Sindbad) plus major gas increases.
  • UBS Neutral On Halliburton Rating: UBS maintained a Neutral rating on Halliburton Company (HAL) as of 13:32 GMT, according to the reported update.
  • Halliburton Board Member Abdulaziz Al Khayyal Dies: Halliburton (HAL) reported the death of board member Abdulaziz F. Al Khayyal on June 24, 2026. He joined the board in 2014 and served on the Audit and Health, Safety & Environment committees.

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