Halliburton Total Operating Expenses decreased by 3.8% to $4.72B in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 5.3%, from $4.99B to $4.72B. Over 4 years (FY 2021 to FY 2025), Total Operating Expenses shows an upward trend with a 10.2% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.
Rising expenses without a corresponding rise in revenue can indicate operational bloat or aggressive expansion efforts.
The sum of all costs required to run the business that are not directly tied to production, including R&D and SG&A. It r...
Investors compare this to revenue to assess the 'operating leverage' of a business model.
total_operating_expenses| 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 | $3.27B | $3.41B | $3.73B | $3.77B | $4.70B | $4.51B | $4.61B | $4.70B | $4.79B | $4.77B | $4.68B | $4.82B | $4.80B | $4.83B | $4.68B | $4.99B | $4.78B | $5.24B | $4.91B | $4.72B |
| QoQ Change | — | +4.3% | +9.2% | +1.2% | +24.6% | -4.0% | +2.1% | +2.0% | +1.9% | -0.4% | -1.8% | +2.9% | -0.3% | +0.5% | -3.1% | +6.6% | -4.1% | +9.6% | -6.4% | -3.8% |
| YoY Change | — | — | — | — | +43.6% | +32.1% | +23.6% | +24.6% | +1.9% | +5.7% | +1.6% | +2.5% | +0.3% | +1.2% | -0.1% | +3.5% | -0.4% | +8.7% | +5.0% | -5.3% |
| Segment | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 |
|---|---|---|---|---|---|---|---|---|
| Completion And Production | $2.68B | $2.63B | $2.55B | $2.59B | $2.66B | $2.71B | $2.70B | $2.58B |
| Drilling And Evaluation | $2.03B | $1.99B | $2.03B | $1.95B | $2.03B | $2.03B | $2.02B | $2.04B |
| Total | $4.80B | $4.83B | $4.68B | $4.99B | $4.78B | $5.24B | $4.91B | $4.72B |