Halliburton Company reported its financial results for the first quarter of 2026, revealing total revenue of $5.4 billion, a slight decrease from $5.417 billion in the same period of 2025. The company's operating income increased significantly to $679 million, compared to $431 million in the prior year, largely due to the absence of impairments and other charges that had impacted the previous year's results. Net income attributable to the company rose to $461 million, or $0.55 per share, up from $204 million, or $0.24 per share, in the first quarter of 2025.
The company's revenue was driven by its two main segments: Completion and Production, which generated $3.016 billion, down 3% from the previous year, and Drilling and Evaluation, which saw a 4% increase to $2.386 billion. The decline in the Completion and Production segment was attributed to lower stimulation activity in North America and decreased pressure pumping services in the Middle East. Conversely, the Drilling and Evaluation segment benefited from increased project management activity in Latin America and higher drilling-related services in Europe.
In terms of operational metrics, Halliburton's cash and equivalents decreased to $2.003 billion from $2.206 billion at the end of 2025. The company reported a total of 46,000 employees across more than 70 countries. The geographic breakdown of revenue showed that North America accounted for 39% of total revenue, while international markets contributed to a 3% increase in revenue, driven by improved activity in regions such as Ecuador and Brazil.
Looking ahead, Halliburton anticipates continued growth in international markets, with expectations of mid-to-high single-digit growth for the full year 2026. The company is focused on capital discipline and efficiency-driven investments, particularly in North America, where early signs of a recovery in the services market are emerging. However, Halliburton remains cautious about potential impacts from geopolitical developments, inflationary pressures, and fluctuations in oil and natural gas prices, which could influence customer spending and operational activity.
About HALLIBURTON CO
Halliburton Company is a global provider of energy services and products, specializing in well construction, completion, and production optimization. Its core segments include Completion and Production, offering cementing, stimulation, and artificial lift, and Drilling and Evaluation, providing drilling fluids, tools, and digital solutions. Serving major oil and gas producers worldwide, Halliburton leverages technology, innovation, and a diverse workforce to maximize asset value and efficiency in the energy industry.
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