Halliburton Company reported its financial results for the third quarter of 2026, revealing total revenue of $5.703 billion, a 2% increase from $5.600 billion in the same period of 2025. The company's operating income surged to $624 million, compared to $356 million in the prior year, despite incurring a pre-tax charge of $107 million related to impairments and other charges. Net income attributable to the company reached $417 million, or $0.50 per share, significantly up from $18 million, or $0.02 per share, in the third quarter of 2025.
The results reflect a mixed performance across Halliburton's two operating segments. The Completion and Production segment saw a revenue decline of 4% to $3.089 billion, primarily due to decreased stimulation activity in North America and lower completion tool sales in the Middle East/Asia. Conversely, the Drilling and Evaluation segment experienced a 10% revenue increase to $2.614 billion, driven by improved drilling-related services in North America and Europe, as well as heightened activity in Latin America.
Geographically, North America revenue fell by 9% to $2.160 billion, attributed to lower stimulation activity and reduced specialty chemicals sales following the divestiture of part of Halliburton's chemical business. In contrast, international revenue rose by 9%, with notable growth in Europe/Africa/CIS and Latin America, reflecting increased demand for various product service lines. The company reported a total employee headcount of approximately 46,000, maintaining its operational capacity across more than 70 countries.
Halliburton's strategic initiatives included a continued focus on capital efficiency, with capital expenditures for the first nine months of 2026 totaling $693 million. The company also repurchased 15.2 million shares for $558 million during this period, aligning with its commitment to return over 50% of annual free cash flow to shareholders. Looking ahead, Halliburton anticipates ongoing volatility in oil and natural gas markets, which may impact customer spending and operational activity. However, the company remains optimistic about growth opportunities in international markets and plans to leverage technology to enhance service delivery and operational efficiency.
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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