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What’s Causing Halliburton’s Underperformance in 2018?

Nicholas Chapman
What’s Causing Halliburton’s Underperformance in 2018?

In the first half of 2018, Halliburton (HAL) was the fifth-lowest performer among the energy stocks in the Energy Select Sector SPDR ETF (XLE). Halliburton is one of the world’s largest oilfield services companies and has operations in ~80 countries. In the first half of 2018, HAL stock fell ~8.0% from its 2017 close of $48.87 to $45.06.