Schlumberger Limited. (SLB): Has Halliburton Company (HAL) Become the Perfect Stock?

That expertise has already started to translate into global growth as well, as foreign producers seek out experienced fracking experts for guidance. Both Halliburton Company (NYSE:HAL) and Baker Hughes Incorporated (NYSE:BHI) have partnered with Chinese companies to expand production there, with Baker Hughes investing to develop China-specific technology tailored to its unique geology.

In its most recent earnings report, Halliburton noted that its overseas operations posted much better results than what it saw in its U.S. operations, with Saudi Arabia, Australia, and Russia being particularly strong. Moreover, it also touted a partnership with Caterpillar Inc. (NYSE:CAT) and Apache Corporation (NYSE:APA) to develop pumping equipment that can run on both diesel and natural gas, essentially taking the plentiful gas obtained from its drilling operations and using a portion of it to fuel further production.

For Halliburton to improve, it needs drilling activity to recover in North America in the near future. Only once it can turn its domestic focus to its advantage will Halliburton Company (NYSE:HAL) stand a chance of moving toward perfection.

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The article Has Halliburton Become the Perfect Stock? originally appeared on Fool.com and is written by Dan Caplinger.

Fool contributor Dan Caplinger has no position in any stocks mentioned. The Motley Fool recommends Halliburton and owns shares of Apache.

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