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EQNR vs. HAL: Equinor vs. Halliburton Stock Comparison

How do Equinor (EQNR) and Halliburton (HAL) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.

Company Profile

Equinor (EQNR) and Halliburton (HAL) both fall under the Energy industry group, but EQNR is classified in Oil, Gas & Consumable Fuels while HAL is classified in Energy Equipment & Services.

Halliburton (HAL) trades as ordinary local shares, while Equinor (EQNR) trades as an ADR — compare with FX exposure, depositary-program fees, and dividend-withholding-tax differences in mind.

Company profile comparison for Equinor (EQNR) and Halliburton (HAL)
Profile ItemEQNRHAL
NameEquinor ASA Sponsored ADRHalliburton Company
Country/RegionNorwayUnited States
GICS SectorEnergyEnergy
GICS Industry GroupEnergyEnergy
GICS IndustryOil, Gas & Consumable FuelsEnergy Equipment & Services
GICS Sub-IndustryIntegrated Oil & GasOil & Gas Equipment & Services
Market Capitalization99.39 billion USD26.34 billion USD
CurrencyUSDUSD
ExchangeNYSENYSE
Listing DateJune 18, 2001June 1, 1972
Security TypeADRCommon Stock

Price Performance

Cumulative Growth

EQNR
HAL
GSPC
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Equinor (EQNR) vs. Halliburton (HAL), with S&P 500 (GSPC) for reference: Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for Equinor (EQNR) and Halliburton (HAL). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for Equinor (EQNR) and Halliburton (HAL). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for Equinor (EQNR) and Halliburton (HAL)
MetricEQNRHAL
Total Return (1Y)78.03%18.66%
Total Return (3Y, Annualized)17.56%-3.16%
Total Return (5Y, Annualized)17.66%7.11%

Risk Profile

Drawdown History

EQNR
HAL
GSPC
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Equinor (EQNR) vs. Halliburton (HAL), with S&P 500 (GSPC) for reference: Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for Equinor (EQNR) and Halliburton (HAL). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for Equinor (EQNR) and Halliburton (HAL)
MetricEQNRHAL
Volatility (1Y, Annualized)40.50%33.27%
Beta (5Y)0.180.77
Max Drawdown (5Y)-34.57%-54.01%
Avg. Volume (3M)3.77M10.27M

Risk-Adjusted Performance

Risk-Return Positioning

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EQNR and HAL are plotted by 1-year volatility (risk) and 1-year return. The dashed Capital Allocation Line runs from the risk-free rate through the shared industry median.

Risk-Adjusted Metrics

Risk-adjusted metrics for Equinor (EQNR) and Halliburton (HAL)
MetricEQNRHAL
Sharpe Ratio (1Y)1.820.43
Sortino Ratio (1Y)2.760.64

Profitability

ROE (TTM)

Equinor (EQNR) at 27.57% sits in the top ROE quartile, while Halliburton (HAL) at 18.78% is closer to the peer norm — stronger capital efficiency for EQNR.

EQNR

Energy industry group

27.57%

Max
53.85%
EQNR
27.57%
Q3
24.79%
Median
12.85%
Q1
2.03%
Min
-29.09%

HAL

Energy industry group

18.78%

Max
53.85%
Q3
24.79%
HAL
18.78%
Median
12.85%
Q1
2.03%
Min
-29.09%
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Equinor (EQNR) vs. Halliburton (HAL): A comparison of their ROE against the Energy industry group benchmark.

Net Margin (TTM)

Both Equinor (EQNR) at 9.79% and Halliburton (HAL) at 8.90% keep about the typical share of revenue as profit for their industries — neither bottom line stands out from peers.

EQNR

Energy industry group

9.79%

Max
56.92%
Q3
22.92%
Median
10.10%
EQNR
9.79%
Q1
0.07%
Min
-27.38%

HAL

Energy industry group

8.90%

Max
56.92%
Q3
22.92%
Median
10.10%
HAL
8.90%
Q1
0.07%
Min
-27.38%
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Equinor (EQNR) vs. Halliburton (HAL): A comparison of their net margin against the Energy industry group benchmark.

Operating Margin (TTM)

Equinor (EQNR) at 37.00% operates in the top operating margin quartile, ahead of Halliburton (HAL) at 12.43%, which runs around its industry’s norm.

EQNR

Energy industry group

37.00%

Max
71.31%
EQNR
37.00%
Q3
33.75%
Median
18.73%
Q1
6.94%
Min
-24.52%

HAL

Energy industry group

12.43%

Max
71.31%
Q3
33.75%
Median
18.73%
HAL
12.43%
Q1
6.94%
Min
-24.52%
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Equinor (EQNR) vs. Halliburton (HAL): A comparison of their operating margin against the Energy industry group benchmark.

Profitability Metrics

Profitability metrics for Equinor (EQNR) and Halliburton (HAL)
MetricEQNRHAL
ROE (TTM)27.57%18.78%
ROA (TTM)17.10%7.23%
Net Margin (TTM)9.79%8.90%
Operating Margin (TTM)37.00%12.43%
Gross Margin (TTM)43.18%14.83%

Growth

Revenue Growth

Both Equinor (EQNR) at 3.24% and Halliburton (HAL) at -3.31% land near their industries' usual revenue growth ranges, so top-line momentum looks broadly in line with peers on both sides.

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Equinor (EQNR) vs. Halliburton (HAL): A comparison of their Revenue Growth across different time periods.

EPS Growth

Both Equinor (EQNR) at -37.62% and Halliburton (HAL) at -47.00% land near their industries' usual EPS growth ranges, so bottom-line momentum looks broadly in line with peers on both sides.

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Equinor (EQNR) vs. Halliburton (HAL): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Equinor (EQNR) and Halliburton (HAL)
MetricEQNRHAL
Revenue Growth (YoY)3.24%-3.31%
Revenue Growth (3Y CAGR)-10.78%3.01%
EPS Growth (YoY)-37.62%-47.00%
EPS Growth (3Y CAGR)-40.11%-4.83%

Financial Strength

Current Ratio (MRQ)

Both Equinor (EQNR) at 1.18 and Halliburton (HAL) at 2.02 carry current ratio within their industries’ typical mid-ranges, suggesting balanced short-term liquidity relative to peers.

EQNR

Energy industry group

1.18

Max
3.64
Q3
2.21
Median
1.41
EQNR
1.18
Q1
0.88
Min
0.24

HAL

Energy industry group

2.02

Max
3.64
Q3
2.21
HAL
2.02
Median
1.41
Q1
0.88
Min
0.24
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Equinor (EQNR) vs. Halliburton (HAL): A comparison of their current ratio against the Energy industry group benchmark.

Debt / Equity (MRQ)

Both Equinor (EQNR) at 0.66 and Halliburton (HAL) at 0.73 fund their balance sheets with roughly industry-typical debt-to-equity mixes.

EQNR

Energy industry group

0.66

Max
1.75
Q3
0.93
EQNR
0.66
Median
0.54
Q1
0.30
Min
0.00

HAL

Energy industry group

0.73

Max
1.75
Q3
0.93
HAL
0.73
Median
0.54
Q1
0.30
Min
0.00
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Equinor (EQNR) vs. Halliburton (HAL): A comparison of their debt-to-equity ratio against the Energy industry group benchmark.

Financial Strength Metrics

Financial strength metrics for Equinor (EQNR) and Halliburton (HAL)
MetricEQNRHAL
Current Ratio (MRQ)1.182.02
Debt / Equity (MRQ)0.660.73
Net Debt / EBITDA0.121.54

Dividends

Dividend Yield (TTM)

Equinor (EQNR) at 3.67% delivers top-quartile income for its industry, while Halliburton (HAL) at 2.13% pays a more typical yield — both are credible income propositions, EQNR the richer one.

EQNR

Energy industry group

3.67%

Max
8.57%
EQNR
3.67%
Q3
3.58%
Median
1.71%
Q1
0.00%
Min
0.00%

HAL

Energy industry group

2.13%

Max
8.57%
Q3
3.58%
HAL
2.13%
Median
1.71%
Q1
0.00%
Min
0.00%
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Equinor (EQNR) vs. Halliburton (HAL): A comparison of their dividend yield against the Energy industry group benchmark.

Dividend Payout Ratio (TTM)

Both Equinor (EQNR) at 31.54% and Halliburton (HAL) at 28.57% keep payout ratio within their industries’ typical mid-ranges — dividend policies that share earnings without consuming too much of them.

EQNR

Energy industry group

31.54%

Max
133.24%
Q3
53.31%
EQNR
31.54%
Median
25.24%
Q1
0.00%
Min
0.00%

HAL

Energy industry group

28.57%

Max
133.24%
Q3
53.31%
HAL
28.57%
Median
25.24%
Q1
0.00%
Min
0.00%
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Equinor (EQNR) vs. Halliburton (HAL): A comparison of their payout ratio against the Energy industry group benchmark.

Dividend Metrics

Dividend metrics for Equinor (EQNR) and Halliburton (HAL)
MetricEQNRHAL
Dividend Yield (TTM)3.67%2.13%
Dividend Payout Ratio (TTM)31.54%28.57%

Valuation

P/E Ratio (TTM)

Both Equinor (EQNR) at 8.71 and Halliburton (HAL) at 13.38 land around their industries’ usual P/E ratio levels — neither is getting a clear earnings-multiple discount or premium versus peers.

EQNR

Energy industry group

8.71

Max
39.54
Q3
21.72
Median
12.19
EQNR
8.71
Q1
7.71
Min
2.99

HAL

Energy industry group

13.38

Max
39.54
Q3
21.72
HAL
13.38
Median
12.19
Q1
7.71
Min
2.99
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Equinor (EQNR) vs. Halliburton (HAL): A comparison of their P/E ratio against the Energy industry group benchmark.

P/S Ratio (TTM)

Equinor (EQNR) at 0.82 sits in the cheaper P/S ratio quartile while Halliburton (HAL) at 1.17 prices around its industry’s middle — EQNR costs less per dollar of sales, though read it alongside growth and margins.

EQNR

Energy industry group

0.82

Max
5.40
Q3
2.85
Median
1.69
Q1
0.88
EQNR
0.82
Min
0.00

HAL

Energy industry group

1.17

Max
5.40
Q3
2.85
Median
1.69
HAL
1.17
Q1
0.88
Min
0.00
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Equinor (EQNR) vs. Halliburton (HAL): A comparison of their P/S ratio against the Energy industry group benchmark.

P/B Ratio (MRQ)

Halliburton (HAL) at 2.37 sits near its industry’s typical P/B ratio, while Equinor (EQNR) at 4.44 prices above its benchmark range — EQNR looks rich relative to book.

EQNR

Energy industry group

4.44

EQNR
4.44
Max
4.21
Q3
2.38
Median
1.51
Q1
1.08
Min
0.01

HAL

Energy industry group

2.37

Max
4.21
Q3
2.38
HAL
2.37
Median
1.51
Q1
1.08
Min
0.01
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Equinor (EQNR) vs. Halliburton (HAL): A comparison of their P/B ratio against the Energy industry group benchmark.

Valuation Metrics

Valuation metrics for Equinor (EQNR) and Halliburton (HAL)
MetricEQNRHAL
P/E Ratio (TTM)8.7113.38
P/S Ratio (TTM)0.821.17
P/B Ratio (MRQ)4.442.37
Free Cash Flow Yield (TTM)32.55%6.20%