Halliburton Company
Statements
Segments
US companies must disclose in their mandatory reports how revenue breaks down across business segments, regions and product lines. We read that breakdown for you straight from the annual and quarterly reports (10-K and 10-Q) of Halliburton Company (HAL). It shows which part of the business is growing — and which one is holding it back.
Revenue by business segment
| Segment | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Completion and Production | $7.84B 54.3% | $8.41B 55.0% · +7.3% | $11.58B 57.1% · +37.7% | $13.69B 59.5% · +18.2% | $13.25B 57.8% · -3.2% | $12.78B 57.6% · -3.5% |
| Drilling and Evaluation | $6.61B 45.7% | $6.89B 45.0% · +4.2% | $8.72B 42.9% · +26.6% | $9.33B 40.5% · +7.0% | $9.69B 42.2% · +3.9% | $9.40B 42.4% · -3.0% |
| Corporate and Other [Member] | – | – | – | – | – | – |
Large figure: segment revenue. Below it the share of revenue in that period and the change against the prior year.
| Segment | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Completion and Production | $1.00B 12.7% | $1.24B 14.7% | $2.04B 17.6% | $2.84B 20.7% | $2.71B 20.4% | $2.13B 16.6% |
| Drilling and Evaluation | $569.0M 8.6% | $801.0M 11.6% | $1.29B 14.8% | $1.54B 16.5% | $1.61B 16.6% | $1.38B 14.7% |
| Corporate and Other [Member] | – | -$227.0M | – | – | – | – |
Large figure: segment operating income. Below it the margin, that is operating income measured against the revenue of the same segment.
Revenue by region
| Segment | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| North America [Member] | $5.73B 39.7% | $6.37B 41.7% · +11.2% | $9.60B 47.3% · +50.6% | $10.49B 45.6% · +9.3% | $9.63B 42.0% · -8.3% | $9.07B 40.9% · -5.8% |
| Middle East/Asia [Member] | $4.23B 29.3% | $3.84B 25.1% · -9.2% | $4.81B 23.7% · +25.2% | $5.68B 24.7% · +18.0% | $6.10B 26.6% · +7.5% | $5.83B 26.3% · -4.5% |
| Latin America [Member] | $1.67B 11.5% | $2.36B 15.4% · +41.6% | $3.20B 15.8% · +35.4% | $3.99B 17.3% · +24.7% | $4.21B 18.4% · +5.6% | $3.94B 17.7% · -6.6% |
| Europe/Africa/CIS [Member] | $2.81B 19.5% | $2.72B 17.8% · -3.3% | $2.69B 13.3% · -1.0% | $2.86B 12.4% · +6.3% | $3.00B 13.1% · +5.0% | $3.35B 15.1% · +11.6% |
Large figure: segment revenue. Below it the share of revenue in that period and the change against the prior year.
Revenue by product line
| Segment | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Services [Member] | $10.20B 70.6% | $10.99B 71.8% · +7.7% | $14.75B 72.7% · +34.2% | $16.48B 71.6% · +11.8% | $16.35B 71.3% · -0.8% | $15.73B 70.9% · -3.8% |
| Product sales [Member] | $4.24B 29.4% | $4.31B 28.2% · +1.5% | $5.55B 27.3% · +28.8% | $6.54B 28.4% · +17.8% | $6.60B 28.7% · +0.9% | $6.46B 29.1% · -2.1% |
Large figure: segment revenue. Below it the share of revenue in that period and the change against the prior year.
Segment and region names are the ones the company itself uses and are shown as reported. Change and share refer to revenue.
Data as of: August 7, 2026 · Source: fundamental data & SEC filings (annual and quarterly reports, 10-K/10-Q) · Segment figures: SEC EDGAR (10-K/10-Q reports)
Note: pure fact-based analysis, not investment advice and not a solicitation to buy or sell. All figures without guarantee.