
Halliburton
-4.61 %
-30.3 %
Yet to be announced
Company Overview
Halliburton Company is one of the world's largest providers of products and services to the energy industry. The company serves the upstream oil and gas industry throughout the lifecycle of the reservoir – from locating hydrocarbons and managing geological data, to drilling and formation evaluation, well construction and completion, and optimizing production. The company operates through two divisions: Completion and Production, and Drilling and Evaluation.
Revenue Sources
PassBased on Halliburton's financial statements and business activities, the company's primary revenue sources come from oilfield services, equipment, and technology solutions for the energy industry. These activities involve providing legitimate products and services that create real value and do not constitute gambling or other prohibited activities. The company's core business model is focused on energy exploration and production services, which are permissible activities from an Islamic finance perspective.
Reliance on Interest
Reporting Date | Total Revenue | Total Expense | Interest Income | Interest Expense | Interest Income Ratio | Interest Expense Ratio |
---|---|---|---|---|---|---|
Sept. 30, 2024 | $5.7b | $4.83b | - | - | 0.00% | 0.00% |
June 30, 2024 | $5.83b | $4.8b | - | - | 0.00% | 0.00% |
March 31, 2024 | $5.8b | $4.82b | - | - | 0.00% | 0.00% |
Dec. 31, 2023 | $5.74b | $4.68b | - | - | 0.00% | 0.00% |
Based on the financial data provided for the last four quarters, Halliburton reports zero interest income and zero interest expense. This indicates that interest-bearing activities are not a material part of the company's operations or business model.
Operational Ethics
PassWhile Halliburton operates globally, there is no evidence of current material ongoing projects or R&D centers in Israel. The company has operations in China, but there is no clear evidence of direct material collaboration with the Chinese Communist Party that would constitute a violation of this criterion.
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