Halliburton Company reported a total revenue of $22.2 billion for the fiscal year ending December 31, 2025, reflecting a 3% decrease from the $22.9 billion recorded in 2024. The decline was attributed to a 6% drop in North American revenue, which fell to $9.1 billion, and a 2% decrease in international revenue, totaling $13.1 billion. The company's operating income also decreased significantly, falling to $2.3 billion from $3.8 billion in the previous year, largely due to impairments and other charges amounting to $831 million in 2025 compared to $116 million in 2024.
In terms of operational performance, Halliburton's Completion and Production segment generated $12.8 billion in revenue, down 4% from 2024, while the Drilling and Evaluation segment saw a 3% decrease, bringing in $9.4 billion. The overall operating margins for the Completion and Production and Drilling and Evaluation segments were reported at 17% and 15%, respectively. The company also reported cash flows from operations of $2.9 billion and returned $1.6 billion to shareholders through dividends and share repurchases.
Strategically, Halliburton has focused on capital efficiency, maintaining capital expenditures at approximately 6% of revenue, which aligns with its target. The company has also made strides in sustainability, with 50% of its North American fracturing fleet transitioned to electric pumps. Additionally, Halliburton plans to market a portion of its chemical business, with expectations for the sale to be completed in the first half of 2026.
Looking ahead, Halliburton anticipates a challenging market environment in 2026, projecting a modest decline in North American revenue due to reduced customer activity in land operations and the decision to stack uneconomic fleets. However, the company expects international revenue to remain stable, driven by growth in Latin America. Halliburton aims to leverage its strategic collaborations and technological advancements to position itself for future growth opportunities in the evolving energy landscape.
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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