Halliburton dropped from $37 to $36 this week. The stock slid after earnings even though they beat expectations. The Middle East and Asia business got hammered by the war. Revenue from that region fell from $1.5 billion to $1.3 billion. Kuwait, Iraq, Qatar - all lower activity because of the conflict with Iran.
Is that really the issue, or is something else going on? And why can't Halliburton adapt to what are now easily predictable crises in the Middle East? Wars and tension have been part of doing business there for decades. If every regional flare-up hits their revenue like this, maybe it's not just a temporary problem. Maybe Halliburton has structural issues, which the Middle East crisis is just obscuring.