Halliburton said total revenue for 2024 was $22.9 billion, flat compared to $23.0 billion in 2023, and operating income was $3.8 billion, lower than $4.1 billion in 2023.

1. 01

   Halliburton said total revenue for 2024 was $22.9 billion, flat compared to $23.0 billion in 2023, and operating income was $3.8 billion, lower than $4.1 billion in 2023.

2. 02

   The company said North America revenue in 2024 decreased 8%, citing lower pressure pumping services in U.S. land and reduced wireline activity, while international revenue increased 6%.

3. 03

   Halliburton said cash flows from operating activities in 2024 were $3.9 billion, it repurchased 30.5 million shares for $1.0 billion, and it returned $1.6 billion to shareholders through buybacks and dividends.

4. 04

   The company said it received a Notice of Proposed Adjustment from the IRS in 2016 proposing to reclassify approximately 95% of the $3.5 billion Baker Hughes termination fee from an ordinary expense deduction to a capital loss, and estimated that if the IRS position prevails, cash taxes due could be approximately $640 million.

Key figures

Fiscal year ended December 31, 2024

Revenue

$22.9B

Operating income

$3.8B

Net income

$2.5B

Operating cash flow

$3.9B

Analysis scope · Management's discussion (MD&A)We analyzed excerpts of the Management's Discussion and Analysis (MD&A) section (with omissions). Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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