Business Segments · Cost, Direct Labor
Drilling And Evaluation — Cost, Direct Labor
Halliburton Drilling And Evaluation — Cost, Direct Labor increased by 3.0% to $487.00M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 4.3%, from $467.00M to $487.00M. Over 3 years (FY 2022 to FY 2025), Drilling And Evaluation — Cost, Direct Labor shows an upward trend with a 6.1% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.
Analysis
StatementSegment
CategoryEfficiency
SignalLower is better
VolatilityStable
First reportedQ1 2022
Last reportedQ1 2026
How to read this metric
Rising labor costs relative to revenue may indicate wage inflation or a need for improved operational productivity.
Detailed definition
The total compensation and benefits paid to the workforce directly involved in performing services for the Drilling and...
Peer comparison
Standard labor cost metric for service-oriented business segments.
Metric ID:
hal_segment_drilling_and_evaluation_cost_direct_laborHistorical Data
17 periods
| 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 | $399.00M | $399.00M | $399.00M | $399.00M | $437.50M | $437.50M | $437.50M | $437.50M | $465.00M | $461.00M | $464.00M | $475.00M | $467.00M | $479.00M | $489.00M | $473.00M | $487.00M |
| QoQ Change | — | +0.0% | +0.0% | +0.0% | +9.6% | +0.0% | +0.0% | +0.0% | +6.3% | -0.9% | +0.7% | +2.4% | -1.7% | +2.6% | +2.1% | -3.3% | +3.0% |
| YoY Change | — | — | — | — | +9.6% | +9.6% | +9.6% | +9.6% | +6.3% | +5.4% | +6.1% | +8.6% | +0.4% | +3.9% | +5.4% | -0.4% | +4.3% |
Range$399.00M – $489.00M
CAGR+5.1%
Avg YoY Growth+6.0%
Median YoY Growth+6.1%
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Frequently Asked Questions
- What is Halliburton's drilling and evaluation — cost, direct labor?
- Halliburton (HAL) reported drilling and evaluation — cost, direct labor of $487.00M in Q1 2026.
- How has Halliburton's drilling and evaluation — cost, direct labor changed year-over-year?
- Halliburton's drilling and evaluation — cost, direct labor increased by 4.3% year-over-year, from $467.00M to $487.00M.
- What is the long-term trend for Halliburton's drilling and evaluation — cost, direct labor?
- Over 3 years (2022 to 2025), Halliburton's drilling and evaluation — cost, direct labor has grown at a 6.1% compound annual growth rate (CAGR), from $1.60B to $1.91B.
- What does drilling and evaluation — cost, direct labor mean?
- The cost of labor directly involved in providing the segment's services.