Halliburton Company (HAL), a leading provider of oilfield services, has reportedly been hit by a cyberattack. The attack, which occurred on Wednesday, impacted operations at Halliburton’s north Houston campus and disrupted some of its global connectivity networks.
Reuters, citing an emailed statement from a spokesperson, reported that Halliburton acknowledged a system issue and is working with “leading external experts” to resolve the problem. The company has instructed some employees to avoid connecting to internal networks as a precautionary measure.
This incident follows a recent string of cyberattacks, including a reported attempt by a group linked to Iran’s Revolutionary Guard to compromise personal email accounts of individuals associated with the US presidential campaigns of President Joe Biden and former President Donald Trump.
The news of the cyberattack comes just after Halliburton reported second-quarter revenue of $5.833 billion, slightly missing the consensus estimate of $5.949 billion. The company’s earnings per share (EPS) of $0.80, however, met analysts’ expectations.
Investors seeking exposure to Halliburton can do so through ETFs such as the VanEck Oil Services ETF (OIH) and the IShares U.S. Oil Equipment & Services ETF (IEZ).
Halliburton’s stock is currently trading flat at $31.21 per share. The impact of the cyberattack on the company’s future performance remains to be seen.
