Halliburton said total revenue in 2025 was $22.2 billion, a 3% decrease from $22.9 billion in 2024. Total operating income was $2.3 billion, including impairments and other charges of $831 million, compared to $3.8 billion, including impairments and other charges of $116 million, in 2024.

1. 01

   Halliburton said total revenue in 2025 was $22.2 billion, a 3% decrease from $22.9 billion in 2024. Total operating income was $2.3 billion, including impairments and other charges of $831 million, compared to $3.8 billion, including impairments and other charges of $116 million, in 2024.

2. 02

   The company said Completion and Production revenue in 2025 was $12.8 billion, a 4% decrease, with operating income of $2.1 billion, a 21% decrease. Drilling and Evaluation revenue was $9.4 billion, a 3% decrease, with operating income of $1.4 billion, a 14% decrease.

3. 03

   Halliburton said as of December 31, 2025 it had cash and equivalents of $2.2 billion and available committed bank credit of $3.5 billion. It returned $1.6 billion to shareholders in 2025 through dividends and share repurchases. The company expects capital expenditures in 2026 to be approximately $1.1 billion.

4. 04

   Halliburton said the income tax provision in 2025 was $479 million on pre-tax income of $1.8 billion, resulting in an effective tax rate of 27.0%. The company also said it received a Notice of Proposed Adjustment from the IRS covering its 2016 tax return proposing to reclassify approximately 95% of the $3.5 billion termination fee paid to Baker Hughes from an ordinary expense deduction to a capital loss, and it disagreed with the proposed adjustment.

Key figures

Fiscal year ended December 31, 2025

Revenue

$22.2B

Operating income

$2.3B

Net income

$1.3B

Operating cash flow

$2.9B

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

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.