HALLIBURTON CO

Listed Company

HALCIK 0000045012NYSELarge AcceleratedOil & Gas Field Services, NecDelawareFY ends Dec 31

Period

FY 2025

Revenue

—

Net Income

$1.28B

Total Assets

$25.01B

Equity

$10.46B

Shares Out

835.40M

Op. Cash Flow

$2.93B

Business

Halliburton Company is one of the world’s largest providers of products and services to the energy industry, collaborating and engineering solutions to maximize asset value across the reservoir lifecycle. It offers drilling and formation evaluation, well construction and completion, cementing, stimulation, specialty chemicals, artificial lift, pressure control, intervention, perforating, testing, drilling fluids, drill bits, digital software and integrated project management services. Operations are organized into two operating segments—Completion and Production and Drilling and Evaluation—composed of multiple product service lines. Halliburton sells its services and products worldwide through its global service and sales organizations across North America, Latin America, Europe/Africa/CIS and Middle East/Asia.

Summary from filing dated 2025-02-12

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Revenue	22,184	22,944	23,018	20,297	15,295
Impairments and other charges	831	116	0	366	12
General and administrative	239	239	226	240	204
SAP S4 Upgrade Expense	154	124	51	0	0
Total operating costs and expenses	19,924	19,122	18,935	17,590	13,495
Total operating income	2,260	3,822	4,083	2,707	1,800
Interest expense, net of interest income	−352	−353	−395	−463	−520
Argentina Currency Devaluation	0	0	−131	−30	6
Gain (loss) on Blue Chip Swap transactions	−9	−8	−110	—	—
Other, net	−128	−227	−84	−62	−34
Total income (loss) before income taxes	1,800	3,200	3,400	2,100	1,300
Income tax (provision) benefit	−479	−718	−701	−515	216
Net income (loss)	1,292	2,516	2,662	1,595	1,468
Net (income) loss attributable to noncontrolling interest	−9	−15	−24	−23	−11
Net income (loss) attributable to company	1,283	2,501	2,638	1,572	1,457
Income (Loss) from Continuing Operations, Per Basic Share	1.5	2.84	2.93	1.74	1.63
Income (Loss) from Continuing Operations, Per Diluted Share	1.5	2.83	2.92	1.73	1.63
Weighted Average Number of Shares Outstanding, Basic	853	882	899	904	892
Weighted Average Number of Shares Outstanding, Diluted	853	883	902	908	892

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and equivalents	2,206	2,618	2,264	2,346	3,044
Receivables net of allowances for bad debts	4,942	5,117	4,860	4,627	3,666
Inventories	2,976	3,040	3,226	2,923	2,361
Other current assets	1,274	1,607	1,193	1,056	872
Total current assets	11,398	12,382	11,543	10,952	9,943
Property, Plant and Equipment, Net	5,261	5,113	4,900	4,348	4,326
Goodwill	2,938	2,838	2,850	2,829	2,843
Deferred income taxes	2,298	2,339	2,505	2,636	2,695
Operating lease right-of-use assets	938	1,022	1,088	913	934
Other assets	2,177	1,893	—	1,577	1,580
Total assets	25,010	25,587	24,683	23,255	22,321
Accounts payable	3,133	3,189	3,147	3,121	2,353
Accrued employee compensation and benefits	767	711	689	634	493
Accrued Income Taxes, Current	375	449	390	294	261
Accrual for Taxes Other than Income Taxes, Current	291	328	—	—	—
Current portion of operating lease liabilities	263	263	262	224	240
Current maturities of long-term debt	0	381	0	—	7
Other current liabilities	759	729	750	723	667
Total current liabilities	5,588	6,050	5,608	5,345	4,306
Long-term debt	7,158	7,160	—	—	—
Operating lease liabilities	712	798	911	791	845
Employee compensation and benefits	428	414	408	408	492
Other liabilities	619	617	687	806	823
Total liabilities	14,505	15,039	15,250	15,278	15,593
Common stock, par value $2.50 per share	2,659	2,662	2,663	2,664	2,665
Common stock, shares authorized (in shares)	2,000	2,000	2,000	2,000	2,000
Common Stock, Shares, Issued	1,064	1,065	1,065	1,066	1,066
Paid-in capital in excess of par value	112	79	63	50	32
Accumulated other comprehensive loss	−363	−353	−331	−230	−183
Retained earnings	15,036	14,332	12,536	10,572	9,710
Treasury stock, at cost	−6,983	−6,214	−5,540	−5,108	−5,511
Treasury stock, shares	229	197	176	164	—
Company shareholders' equity	10,461	10,506	9,391	7,948	6,713
Noncontrolling interest in consolidated subsidiaries	44	42	42	29	15
Total shareholders' equity	10,505	10,548	9,433	7,977	6,728
Total liabilities and shareholders' equity	25,010	25,587	24,683	23,255	22,321

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Depreciation, depletion and amortization	1,136	1,079	998	940	904
Deferred Income Taxes and Tax Credits	23	148	196	70	−486
Receivables	188	−312	−257	−1,151	−500
Inventories	80	147	−303	−642	−10
Accounts payable	−72	62	49	852	795
Other operating activities	−552	109	113	212	−272
Total cash flows provided by operating activities	2,926	3,865	3,458	2,242	1,911
Capital expenditures	−1,254	−1,442	−1,379	−1,011	−799
Payments to Acquire Equity Method Investments	−363	−139	0	—	—
Payments to Acquire Marketable Securities	−202	−438	−492	−75	−5
Payments to Acquire Businesses, Net of Cash Acquired	−185	−27	−13	—	—
Proceeds from Sale and Maturity of Marketable Securities	444	214	131	0	0
Proceeds from sales of property, plant and equipment	185	223	195	200	257
Proceeds from Sale of Equity Method Investments	120	0	0	—	—
Other investing activities	−70	−45	−101	−81	−74
Total cash flows used in investing activities	−1,325	−1,654	−1,659	−967	−534
Payments for Repurchase of Common Stock	1,007	1,005	800	−250	0
Dividends to shareholders	−579	−600	−576	−435	−161
Repayments of Long-term Debt	−389	−100	−305	−1,242	−700
Proceeds from issuance of common stock	98	105	136	229	79
Other financing activities	−110	−130	−126	−100	−56
Total cash flows used in financing activities	−1,987	−1,730	−1,671	−1,798	−838
Effect of Exchange Rate on Cash, Cash Equivalent, Restricted Cash, and Restricted Cash Equivalent, Including Discontinued Operation	−26	−127	−210	−175	−58
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect, Total	−412	354	−82	−698	481
Interest	432	441	460	487	517
Income taxes	639	538	616	354	214

Filings

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