【高盛-2025研报】哈里伯顿公司（HAL）：哈利伯顿公司（HAL）：管理层要点：美国市场疲软在估值中体现，技术和国际业务带来上行空间.pdfVIP

16June2025|9:21PMEDT

HalliburtonCo.(HAL)

yManagementTakeaways:SofterUSReflectedinValuation,WithUpside

u

BfromTechnologyandInternational

NeilMehta

HAL12m Price Target: $24.00Price: $22.91Upside: 4.8%

+1(212)357-4042|neil.mehta@

GoldmanSachsCo.LLC

On6/16,wehostedavirtualinvestoreventwithHalliburtonCo.AtiModak

+1(212)902-9365|ati.modak@

(HAL,Buy),withMr.EricCarre,EVPandCFOandMr.DavidGoldmanSachsCo.LLC

Coleman,SeniorDirectorInvestorRelations.WereiterateourCaitlinDonohue

+1(212)357-9738|caitlin.donohue@

BuyratingonHAL.WhilewerecognizetheneartermriskstotheGoldmanSachsCo.LLC

NorthAmericanmarket,~60%ofthecompany’srevenueis

internationalandpresentsarelativedegreeofresiliencewebelieve

thestockisnotpricingin.ManagementreiteratedthatHAL’s