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Halliburton Company provides products and services to the energy industry worldwide. It operates in two segments, Completion and Production, and Drilling and Evaluation. The Completion and Production segment offers production enhancement services that include stimulation and sand control services; cementing services, such as well bonding and casing, and casing equipment; and completion tools that offer downhole solutions and services, including well completion products and services, intelligent well completions, liner hanger systems, sand control systems, multilateral systems, and service tools. This segment also provides electrical submersible pumps, as well as artificial lift services; production solutions comprising coiled tubing, hydraulic workover units, downhole tools, and pumping and nitrogen services; pipeline and process services, such as pre-commissioning, commissioning, maintenance, and decommissioning; and specialty chemicals and services. The Drilling and Evaluation segment offers drilling fluid systems, performance additives, completion fluids, solids control, specialized testing equipment, and waste management services; drilling systems and services; wireline and perforating services consisting of open-hole logging, and cased-hole and slickline; and drill bits and services comprising roller cone bits, fixed cutter bits, hole enlargement, and related downhole tools and services, as well as coring equipment and services. This segment also provides cloud based digital services and artificial intelligence solutions on an open architecture for subsurface insights, integrated well construction, and reservoir and production management; testing and subsea services, such as acquisition and analysis of reservoir information and optimization solutions; and project management and integrated asset management services. Halliburton Company was founded in 1919 and is based in Houston, Texas.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $22.2B | $3.3B | $1.3B | $1.7B | 12.3% | -3.3% | -48.7% |
| 2024 | $22.9B | $4.7B | $2.5B | $2.4B | 23.8% | -0.3% | -5.2% |
| 2023 | $23.0B | $4.8B | $2.6B | $2.1B | 28.1% | 13.4% | 67.8% |
| 2022 | $20.3B | $3.5B | $1.6B | $1.2B | 19.8% | - | - |
| 2021 | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 20,297 | 23,018 | 22,944 | 22,184 |
| Operating Revenue | - | 20,297 | 23,018 | 22,944 | 22,184 |
| Cost Of Revenue | - | 16,984 | 18,658 | 18,643 | 18,700 |
| Gross Profit | - | 3,313 | 4,360 | 4,301 | 3,484 |
| Operating Expense | - | 240 | 277 | 363 | 393 |
| Selling General And Administration | - | 240 | 226 | 239 | 239 |
| Total Expenses | - | 17,224 | 18,935 | 19,006 | 19,093 |
| Operating Income | - | 3,073 | 4,083 | 3,938 | 3,091 |
| Total Operating Income As Reported | - | 2,707 | 4,083 | 3,822 | 2,260 |
| EBITDA | - | 3,542 | 4,756 | 4,666 | 3,259 |
| Normalized EBITDA | - | 3,980 | 4,997 | 4,790 | 4,099 |
| EBIT | - | 2,602 | 3,758 | 3,587 | 2,123 |
| Interest Income | 9 | 29 | 81 | 97 | - |
| Interest Expense | - | 492 | 395 | 353 | 352 |
| Net Interest Income | - | -463 | -395 | -353 | -352 |
| Other Non Operating Income Expenses | - | -62 | -84 | -227 | -128 |
| Other Income Expense | - | -500 | -325 | -351 | -968 |
| Interest Income Non Operating | 9 | 29 | 81 | 97 | - |
| Interest Expense Non Operating | - | 492 | 395 | 353 | 352 |
| Net Non Operating Interest Income Expense | - | -463 | -395 | -353 | -352 |
| Pretax Income | - | 2,110 | 3,363 | 3,234 | 1,771 |
| Tax Provision | - | 515 | 701 | 718 | 479 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | -106.87 | -50.13 | -27.53 | -226.80 |
| Net Income Continuous Operations | - | 1,595 | 2,662 | 2,516 | 1,292 |
| Net Income From Continuing And Discontinued Operation | - | 1,572 | 2,638 | 2,501 | 1,283 |
| Net Income From Continuing Operation Net Minority Interest | - | 1,572 | 2,638 | 2,501 | 1,283 |
| Net Income | - | 1,572 | 2,638 | 2,501 | 1,283 |
| Net Income Common Stockholders | - | 1,572 | 2,638 | 2,501 | 1,283 |
| Net Income Including Noncontrolling Interests | - | 1,595 | 2,662 | 2,516 | 1,292 |
| Normalized Income | - | 1,903.13 | 2,828.87 | 2,597.47 | 1,896.20 |
| Diluted NI Availto Com Stockholders | - | 1,572 | 2,638 | 2,501 | 1,283 |
| Basic Average Shares | - | 904 | 899 | 882 | 853 |
| Diluted Average Shares | - | 908 | 902 | 883 | 853 |
| Reconciled Depreciation | - | 940 | 998 | 1,079 | 1,136 |
| Reconciled Cost Of Revenue | - | 16,984 | 18,658 | 18,643 | 18,700 |
| Total Unusual Items | - | -438 | -241 | -124 | -840 |
| Total Unusual Items Excluding Goodwill | - | -438 | -241 | -124 | -840 |
| Minority Interests | - | -23 | -24 | -15 | -9 |
| Special Income Charges | - | -408 | 0 | -116 | -831 |
| Other Special Charges | - | 42 | - | - | - |
| Write Off | - | 196 | 0 | 4 | 193 |
| Impairment Of Capital Assets | - | 170 | 0 | 49 | 339 |
| Restructuring And Mergern Acquisition | - | 0 | 0 | 63 | 299 |
| Gain On Sale Of Security | - | -30 | -241 | -8 | -9 |
| Depreciation Amortization Depletion Income Statement | 36 | 0 | - | - | - |
| Depreciation And Amortization In Income Statement | 36 | 0 | - | - | - |
| General And Administrative Expense | - | 240 | 226 | 239 | 239 |
| Other Gand A | - | 240 | 226 | 239 | 239 |
| Other Operating Expenses | - | - | 51 | 124 | 154 |
| Earnings From Equity Interest | 0 | - | - | - | - |
| Depreciation Income Statement | 36 | 0 | - | - | - |
Energy sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Halliburton Companythis co. | HAL | $34.4B | 26.84↑ premium | 3.29 | 12.3% | 12.38 |
| Diamondback Energy, Inc. | FANG | $57.1B | 34.31 | 1.54 | 4.5% | 10.01 |
| ONEOK, Inc. | OKE | $56.0B | 16.52 | 2.49 | 15.1% | 11.40 |
| Devon Energy Corporation | DVN | $53.0B | 20.08 | 3.42 | 17.0% | 7.96 |
| EQT Corporation | EQT | $34.6B | 16.94 |
| - |
| - |
| - |
| - |
| - |
| 1.45 |
| 8.6% |
| 7.03 |
| Texas Pacific Land Corporation | TPL | $28.1B | 58.28 | 19.23 | 33.0% | 41.46 |
| Coterra Energy Inc. | CTRA | $24.7B | 14.40 | 1.67 | 11.6% | 5.90 |
| Expand Energy Corporation | EXE | $22.3B | 12.28 | 1.20 | 9.8% | 4.87 |
| APA Corporation | APA | $13.5B | 9.42 | 2.22 | 23.5% | 3.27 |
| Peer Median | - | 16.73 | 1.94 | 13.3% | 7.50 | |