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HALLIBURTON CO
CIK:0000045012|SEC Filings
Condensed Consolidated Statements of Operations (Unaudited) - USD ($) shares in Millions, $ in Millions |
3 Months Ended | 6 Months Ended | ||||||
|---|---|---|---|---|---|---|---|---|
Jun. 30, 2026 |
Jun. 30, 2025 |
Jun. 30, 2026 |
Jun. 30, 2025 |
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| Revenue: | ||||||||
| Revenue | $ 5,714 | $ 5,510 | $ 11,116 | $ 10,927 | ||||
| Operating costs and expenses: | ||||||||
| Impairments and other charges (credits) | (95) | 0 | (95) | [1] | 356 | [1] | ||
| General and administrative | 75 | 60 | 137 | 122 | ||||
| SAP S4 Upgrade Expense | 46 | 32 | 88 | 62 | ||||
| Total operating costs and expenses | 4,936 | 4,783 | 9,659 | 9,769 | ||||
| Total operating income | 778 | 727 | 1,457 | 1,158 | ||||
| Interest expense, net of interest income | (83) | (92) | (165) | (178) | ||||
| Other, net | (31) | (24) | (59) | (63) | ||||
| Total income (loss) before income taxes | 664 | 611 | 1,233 | 917 | ||||
| Income tax (provision) benefit | (126) | (131) | (231) | (234) | ||||
| Net income (loss) | 538 | 480 | 1,002 | 683 | ||||
| Net (income) loss attributable to noncontrolling interest | (4) | (8) | (7) | (7) | ||||
| Net income (loss) attributable to company | $ 534 | $ 472 | $ 995 | $ 676 | ||||
| Earnings Per Share, Basic | $ 0.64 | $ 0.55 | $ 1.19 | $ 0.78 | ||||
| Earnings Per Share, Diluted | $ 0.64 | $ 0.55 | $ 1.19 | $ 0.78 | ||||
| Weighted Average Number of Shares Outstanding, Basic | 836 | 857 | 836 | 862 | ||||
| Weighted Average Number of Shares Outstanding, Diluted | 838 | 857 | 838 | 862 | ||||
| Services [Member] | ||||||||
| Revenue: | ||||||||
| Revenue | $ 4,109 | $ 3,938 | $ 7,932 | $ 7,747 | ||||
| Operating costs and expenses: | ||||||||
| Cost of services and product sales | 3,611 | 3,431 | 6,977 | 6,717 | ||||
| Product sales [Member] | ||||||||
| Revenue: | ||||||||
| Revenue | 1,605 | 1,572 | 3,184 | 3,180 | ||||
| Operating costs and expenses: | ||||||||
| Cost of services and product sales | $ 1,299 | $ 1,260 | $ 2,552 | $ 2,512 | ||||
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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Millions |
3 Months Ended | 6 Months Ended | 12 Months Ended | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
Jun. 30, 2026 |
Mar. 31, 2026 |
Jun. 30, 2025 |
Mar. 31, 2025 |
Jun. 30, 2026 |
Jun. 30, 2025 |
Dec. 31, 2025 |
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| Cash flows from operating activities: | |||||||||||
| Net income (loss) | $ 538 | $ 464 | $ 480 | $ 203 | $ 1,002 | $ 683 | |||||
| Adjustments to reconcile net income (loss) to net cash flows from operating activities: | |||||||||||
| Depreciation, depletion, and amortization | 296 | 284 | 591 | 561 | |||||||
| Impairments and other charges (credits) | (95) | 0 | (95) | [1] | 356 | [1] | |||||
| Changes in assets and liabilities: | |||||||||||
| Accounts payable | 327 | (16) | |||||||||
| Receivables | (429) | 140 | |||||||||
| Inventories | (85) | (24) | |||||||||
| Other operating activities | (214) | (427) | |||||||||
| Total cash flows provided by operating activities | 1,097 | 1,273 | |||||||||
| Cash flows from investing activities: | |||||||||||
| Capital expenditures | (427) | (656) | |||||||||
| Payments to acquire businesses, net of cash acquired | (107) | (162) | |||||||||
| Purchases of equity investments | (101) | (345) | |||||||||
| Purchases of investment securities | (93) | (115) | |||||||||
| Proceeds from sales of property, plant, and equipment | 121 | 89 | |||||||||
| Sales of investment securities | 49 | 65 | |||||||||
| Sale of an equity investment | 0 | 120 | |||||||||
| Other investing activities | (68) | (36) | |||||||||
| Total cash flows used in investing activities | (626) | (1,040) | |||||||||
| Cash flows from financing activities: | |||||||||||
| Payments for Repurchase of Common Stock | (308) | (507) | |||||||||
| Dividends to shareholders | (285) | (292) | |||||||||
| Other financing activities | (26) | (12) | |||||||||
| Total cash flows used in financing activities | (619) | (811) | |||||||||
| Effect of exchange rate changes on cash | (10) | (2) | |||||||||
| Decrease in cash and cash equivalents | (158) | (580) | |||||||||
| Cash and equivalents at beginning of period | $ 2,206 | $ 2,618 | 2,206 | 2,618 | $ 2,618 | ||||||
| Cash and equivalents at end of period | $ 2,048 | $ 2,038 | 2,048 | 2,038 | $ 2,206 | ||||||
| Cash payments during the period for: | |||||||||||
| Interest | 202 | 214 | |||||||||
| Income taxes | $ 240 | $ 382 | |||||||||
| Maximum Percentage Gross Trade Receivables From One Customer | 10.00% | 10.00% | 10.00% | ||||||||
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