Halliburton Company (HAL)
Halliburton provides drilling, completion, and production services to oil and gas producers.
HAL vs OKE: how the two businesses compare
Halliburton (HAL) and ONEOK (OKE) do not both have comparable annual revenue in the SEC XBRL snapshot, so this comparison rests on business descriptions, classifications, and filings. The SEC classifies them differently (Oil & Gas Field Services, NEC; Natural Gas Transmisison & Distribution); what connects them is shared exposure to the Economic trends research theme, not a common industry.
Figures come from each company's own SEC filings. This page compares the businesses; it is not a price target or a verdict.
- Energy
- Different
- Separate classifications
- December 31
- Same calendar
- Feb 24, 2026
HAL vs OKE: quick comparison
| Company fact | HAL | OKE |
|---|---|---|
| Company | Halliburton Company | ONEOK, Inc. |
| Exchange | NYSE | NYSE |
| SEC industry | Oil & Gas Field Services, NEC | Natural Gas Transmisison & Distribution |
| Fiscal year-end | December 31 | December 31 |
| Latest annual filing | 10-K · 2026-02-06 | 10-K · 2026-02-24 |
Where HAL and OKE overlap, and where they don't
Overlap
- Shared research theme: Economic trends.
- Same fiscal calendar: both fiscal years end December 31.
Differences
- Different SEC industries: HAL files as Oil & Gas Field Services, NEC; OKE as Natural Gas Transmisison & Distribution.
- Only HAL maps to Wars & geopolitics.
Overlap is drawn from SEC classifications and Yield Theory research themes. It is not evidence that the companies sell to the same customers or compete product for product.
ONEOK, Inc. (OKE)
ONEOK gathers, processes, and transports natural gas and natural-gas liquids across pipelines.
What moves each company
Company-specific drivers maintained by Yield Theory. Use them to decide which filing deserves deeper work; they are not predictions.
What moves HAL
We have not yet published a company-specific driver list for HAL. The primary source is Item 1 (Business) and Item 1A (Risk Factors) of its 10-K filed 2026-02-06.
What moves OKE
We have not yet published a company-specific driver list for OKE. The primary source is Item 1 (Business) and Item 1A (Risk Factors) of its 10-K filed 2026-02-24.
The investment question
You now know how HAL and OKE are classified, when their fiscal years end, and where their exposures overlap. Those are the facts. The investment question is what each share price already assumes about their exposure to economic trends, and which evidence in the next filings would prove that assumption wrong.
Members-only research
What members are reading this month
- Issue 07: The Vote That Knocked Almost a Quarter off Data Center Stocks
Texas has frozen new data center approvals since the summer. The vote extends that freeze, but it cannot unplug campuses that already have power. We map who is exposed, test whether the sell-off overshot and say where the real risk sits.
- Citadel bought the AI fire sale. The seller had run out of time.
Up 439% in the first half, down about 67% in July: how an AI hedge fund ended up selling a roughly $16 billion stock book to Citadel at a discount.
The thesis, the numbers behind it, and what would break it. Full access is $39 a month.
Read the full researchSEC filing comparison and disclosure evidence
Start with primary filings because fiscal calendars and accounting presentation can make superficially similar quarters incomparable. Both fiscal years end December 31, so annual reports line up, but check segment definitions before comparing growth or margins.
The current verified House and Senate snapshot contains 14 matched transaction rows for HAL and 11 matched transaction rows for OKE. These delayed, range-based disclosures can identify a filing to inspect; they do not establish motive, conviction, or a real-time trading signal.
HAL primary filings
OKE primary filings
What this comparison cannot tell you
This page does not contain licensed live prices, a valuation model, earnings estimates, portfolio constraints, or a forecast of future returns. SEC classifications can be broad, company descriptions can lag strategic change, and the latest annual filing may predate a material acquisition or divestiture. Read subsequent quarterly and current reports before making a decision.
A stronger business is not automatically the better stock. Starting valuation, expectations, capital structure, cyclicality, dilution, and the probability of each thesis determine the investment outcome. Use this comparison to frame the work, then verify the numbers in the linked filings and current company disclosures.
More comparisons involving HAL or OKE
HAL vs OKE FAQs
Are HAL and OKE direct competitors?
Not necessarily. Halliburton files as Oil & Gas Field Services, NEC and ONEOK as Natural Gas Transmisison & Distribution. The pair is compared because both map to the Economic trends research theme, not because the filings show head-to-head competition.
Which is better, HAL or OKE?
There is no context-free winner. Compare the operating exposures, filing evidence, valuation, balance sheet, and risks against the specific thesis you are testing. This page deliberately does not turn a static profile into a buy or sell recommendation.
Does this HAL vs OKE comparison include live prices?
No. Yield Theory does not republish unlicensed real-time market data. The financial figures on this page are the audited annual numbers Halliburton Company and ONEOK, Inc. tagged in their SEC XBRL filings. Use a regulated broker or licensed quote provider for current prices and valuation multiples.
Where does the company information come from?
Company classifications, fiscal year-ends, and filing links come from the SEC EDGAR submissions API snapshot refreshed 2026-11-09. Business summaries and research themes are maintained by Yield Theory.
Data snapshot: SEC EDGAR submissions API, refreshed 2026-11-09. Independent educational research; not investment advice.
Which business differences matter to the investment thesis?
HAL vs OKE compares reported results. The reports below show how we connect operating evidence to an investment thesis, its assumptions, catalysts, and risks. $39/month or $249/year.
Members-only research
$39/mo or $249/yr · cancel future renewals anytime · sources included