CapEx
Halliburton CapEx decreased by 43.0% to $192.00M in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 36.4%, from $302.00M to $192.00M. Over 4 years (FY 2021 to FY 2025), CapEx shows an upward trend with a 11.9% CAGR.
Analysis
How to read this metric
An increase signals growth investment or infrastructure modernization; a decrease might suggest cost-cutting or a transition to an asset-light model.
Detailed definition
Funds used by a company to acquire, upgrade, and maintain physical assets such as property, plants, buildings, technolog...
Peer comparison
Hardware-focused tech firms typically have higher CapEx relative to revenue than pure software companies due to manufacturing and supply chain needs.
capital_expendituresHistorical Data
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $191.00M | $188.00M | $316.00M | $189.00M | $221.00M | $251.00M | $350.00M | $268.00M | $303.00M | $409.00M | $399.00M | $330.00M | $347.00M | $339.00M | $426.00M | $302.00M | $354.00M | $261.00M | $337.00M | $192.00M |
| QoQ Change | — | -1.6% | +68.1% | -40.2% | +16.9% | +13.6% | +39.4% | -23.4% | +13.1% | +35.0% | -2.4% | -17.3% | +5.2% | -2.3% | +25.7% | -29.1% | +17.2% | -26.3% | +29.1% | -43.0% |
| YoY Change | — | — | — | — | +15.7% | +33.5% | +10.8% | +41.8% | +37.1% | +62.9% | +14.0% | +23.1% | +14.5% | -17.1% | +6.8% | -8.5% | +2.0% | -23.0% | -20.9% | -36.4% |
Business Segments
| Segment | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 |
|---|---|---|---|---|---|---|---|---|
| Completion And Production | $166.00M | $193.00M | $240.00M | $178.00M | $205.00M | $163.00M | $195.00M | $109.00M |
| Drilling And Evaluation | $181.00M | $145.00M | $186.00M | $124.00M | $149.00M | $98.00M | $142.00M | $83.00M |
| Corporate and Other | $0.00 | $1.00M | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | — |
| Total | $347.00M | $339.00M | $426.00M | $302.00M | $354.00M | $261.00M | $337.00M | $192.00M |
Corporate and Other was previously reported and has since been discontinued or reclassified. Only currently active segments are shown in the chart.
CapEx at Other Companies
Frequently Asked Questions
- What is Halliburton's capex?
- Halliburton (HAL) reported capex of $192.00M in Q1 2026.
- How has Halliburton's capex changed year-over-year?
- Halliburton's capex decreased by 36.4% year-over-year, from $302.00M to $192.00M.
- What is the long-term trend for Halliburton's capex?
- Over 4 years (2021 to 2025), Halliburton's capex has grown at a 11.9% compound annual growth rate (CAGR), from $799.00M to $1.25B.
- What does capex mean?
- The money spent on long-term physical assets like machinery, data centers, and office buildings.