Income StatementBalance SheetCash FlowSegments
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Halliburton Business Segments

Business, geographic, and product segment breakdowns

Halliburton generates $22.2B in annual revenue across 2 key segments: Completion And Production ($2.8B), and Drilling And Evaluation ($2.0B). The company-wide operating margin is 11.31%. Based on the Q1 2026 filing.

Completion And Production (TTM)$2.8BDrilling And Evaluation (TTM)$2.0B
Latest FilingQ1 2026
Report Date2026-04-24
Market Cap$34.5B
P/E Ratio22.40
ROE14.56%

Products & Services

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Revenue from Contract with Customer, Including Assessed Tax$3.9B$3.8B$3.9B$4.0B$4.0B$3.8B
Cost of services and sales$3.3B$3.3B$3.4B$3.5B$3.4B$3.4B

Geographic

Property, Plant and Equipment, Net

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Europe/Africa/CIS$593.0M———$686.0M—
Latin America$1.0B———$730.0M—
Middle East/Asia$923.0M———$1.6B—
North America$2.6B———$2.3B—

Revenue from Contract with Customer, Including Assessed Tax

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
North America$2.2B$2.2B$2.3B$2.4B$2.2B$2.1B
Middle East/Asia$1.6B$1.5B$1.5B$1.4B$1.5B$1.3B
Latin America$953.0M$896.0M$977.0M$996.0M$1.1B$1.1B
Europe/Africa/CIS$795.0M$775.0M$820.0M$828.0M$928.0M$858.0M

Remaining balance if resolved in our favor would positively impact the effective tax rate

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Non-US$40.0M———$36.0M—

Business Segments

Total Assets

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Completion And Production$12.0B$12.2B$11.9B$11.9B$10.5B$10.6B
Drilling And Evaluation$7.8B$8.0B$8.0B$8.0B$7.9B$8.1B
Corporate and Other$5.8B$5.0B$5.4B$5.2B$6.6B$6.4B

Cost, Direct Labor

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Drilling And Evaluation$475.0M$467.0M$479.0M$489.0M$473.0M$487.0M
Completion And Production$479.0M$474.0M$483.0M$492.0M$470.0M$479.0M

Cost, Direct Material

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Completion And Production$1.3B$1.3B$1.3B$1.4B$1.4B$1.3B
Drilling And Evaluation$939.0M$882.0M$922.0M$911.0M$926.0M$913.0M

Depreciation, Depletion and Amortization

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Completion And Production$148.0M$152.0M$154.0M$156.0M$156.0M$163.0M
Drilling And Evaluation$122.0M$121.0M$124.0M$123.0M$128.0M$126.0M
Corporate and Other$5.0M$4.0M$6.0M$6.0M$6.0M$6.0M

Goodwill

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Completion And Production$2.0B———$2.0B—
Drilling And Evaluation$818.0M———$894.0M—

Goodwill, Acquired During Period

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Completion And Production$2.0M$2.0M$2.0M$2.0M$2.0M—
Drilling And Evaluation$0.0$19.0M$19.0M$19.0M$19.0M—

Goodwill, Impairment Loss

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Completion And Production$0.0$0.0$0.0$0.0$0.0—
Drilling And Evaluation$0.0$0.0$0.0$0.0$0.0—

Goodwill, Other Increase (Decrease)

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Completion And Production-$5.0M$4.0M$4.0M$4.0M$4.0M—
Drilling And Evaluation$0.0$0.0$0.0$0.0$0.0—

Impairments and other charges

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Completion And Production—$201.0M$0.0$252.0M$103.0M$0.0
Corporate and Other—$70.0M$0.0$0.0—$0.0
Drilling And Evaluation—$85.0M$0.0$140.0M$22.0M$0.0

Operating Expenses

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Completion And Production$2.5B$2.6B$2.7B$2.7B$2.7B$2.6B
Drilling And Evaluation$2.0B$1.9B$2.0B$2.0B$2.0B$2.0B

Other Cost of Operating Revenue

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Completion And Production$614.0M$663.0M$702.0M$700.0M$691.0M$664.0M
Drilling And Evaluation$495.0M$475.0M$502.0M$506.0M$495.0M$509.0M

Payments to Acquire Productive Assets

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Completion And Production$240.0M$178.0M$205.0M$163.0M$195.0M$109.0M
Drilling And Evaluation$186.0M$124.0M$149.0M$98.0M$142.0M$83.0M

Revenue from Contract with Customer, Including Assessed Tax

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Completion And Production$3.2B$3.1B$3.2B$3.2B$3.3B$3.0B
Drilling And Evaluation$2.4B$2.3B$2.3B$2.4B$2.4B$2.4B

Total operating income

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Completion And Production$629.0M$531.0M$513.0M$514.0M$570.0M$439.0M
Drilling And Evaluation$401.0M$352.0M$312.0M$348.0M$367.0M$351.0M

Corporate and other

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Corporate and Other-$65.0M-$66.0M-$66.0M-$64.0M-$66.0M-$69.0M

SAP S4 Upgrade Expense

SegmentQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Corporate and Other—$30.0M———$42.0M