Top 15 Energy Companies With the Highest Upside Potential

7. Halliburton Company (NYSE:HAL)

Upside Potential as of April 28: 42.59%

Founded in 1919, Halliburton Company (NYSE:HAL) is one of the largest providers of products and services to the energy industry in the world. The company boasts more than 45,000 employees, representing 130 nationalities in more than 80 countries.

Halliburton Company (NYSE:HAL) recently announced its Q1 2025 results, reporting an adjusted EPS of $0.6, in line with market expectations. The company’s revenue of $5.42 billion, however, managed to beat estimates by over $136.4 million, despite being down by almost 6.7% YoY. HAL’s North American revenue, which accounts for nearly half the business, was down 12% YoY, but this was partially offset by higher revenues from the Middle East and European markets. Moreover, Halliburton generated $377 million of cash flow from operations, $124 million of free cash flow, and repurchased approximately $250 million of its common stock during the first quarter.

Halliburton Company (NYSE:HAL) is the largest provider of hydraulic fracturing (fracking) services in the world, and its earnings depend on the price of oil and demand for drilling equipment. The company expects its future results to take a hit due to President Trump’s trade war, specifically asserting that tariffs could reduce Q2 EPS by $0.02 to $0.03. About 60% of the impact is expected to come from its completion & production segment, which includes its fracking business.