Halliburton(US:HAL) Investor Placeยท2024-07-27 10:03Core Insights - Energy stocks experienced volatility in 2022 due to rising demand post-COVID and supply shocks from the Ukrainian war, but have since declined in 2023 as energy prices remained flat [1] - The beginning of 2024 saw a boost in energy stocks due to heightened oil prices, yet heating oil and natural gas prices have been declining, with current prices below 2022 peaks [1] - Certain energy stocks are predicted to perform poorly, suggesting that divesting from them by 2025 may be prudent for investors [1] Company Summaries Halliburton (HAL) - Halliburton reported a 1% increase in revenue to $5.83 billion but an 8% decline in North American revenue, causing investor concerns [2] - The stock closed 5.6% lower at $34.40 per share, with a year-to-date decline of 4.76% and a 12-month loss of 6.88% [2] - HAL has underperformed compared to the S&P 500 Energy Index, which rose by around 9% in the same period, indicating potential trouble ahead [3] Tenaris (TS) - Tenaris experienced an 8.4% year-to-date decline in stock price and reported a 17% year-over-year revenue decline to $3.4 billion [4] - Earnings fell by 34% to $1.27, signaling a warning for investors [4] - Analysts expect further declines in earnings, suggesting that TS stock should be divested by 2025 [5] Occidental Petroleum (OXY) - Occidental Petroleum reported a 17.3% year-over-year decline in quarterly revenue to $5.98 billion and a 29.69% drop in net income to $888 million [6] - Adjusted earnings per share fell by 42.2% year over year to 63 cents, indicating poor financial performance [6] - The company's investment in unproven carbon capture technology raises concerns about future performance, suggesting OXY stock should also be divested by 2025 [7]