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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Revenue:        
Revenue $ 5,600 $ 5,697 $ 16,527 $ 17,334
Operating costs and expenses:        
SAP S4 Upgrade Expense (50) (28) (112) (91)
General and administrative 58 55 180 178
Total operating costs and expenses 5,244 4,826 15,013 14,444
Operating income 356 871 1,514 2,890
Interest expense, net of interest income (88) (85) (266) (269)
Other, net [1] (49) (52) (112) (180)
Income (loss) from continuing operations before income taxes 219 734 1,136 2,441
Income tax (provision) benefit (199) (154) (433) (539)
Net income (loss) 20 580 703 1,902
Net (income) loss attributable to noncontrolling interest (2) (9) (9) (16)
Net income (loss) attributable to company $ 18 $ 571 $ 694 $ 1,886
Earnings Per Share, Basic $ 0.02 $ 0.65 $ 0.81 $ 2.13
Earnings Per Share, Diluted $ 0.02 $ 0.65 $ 0.81 $ 2.13
Weighted Average Number of Shares Outstanding, Basic 849 881 857 885
Weighted Average Number of Shares Outstanding, Diluted 850 881 858 886
Impairments and other charges [2] $ 392 $ 116 $ 748 $ 116
MEXICO | Accounts Receivable [Member] | Customer Concentration Risk        
Operating costs and expenses:        
Concentration Risk, Percentage     11.00%  
Noncontrolling Interest in Consolidated Subsidiaries        
Operating costs and expenses:        
Net income (loss) 2 9    
Services [Member]        
Revenue:        
Revenue 4,026 4,093 $ 11,773 12,454
Operating costs and expenses:        
Cost of services and sales 3,483 3,361 10,200 10,206
Product sales [Member]        
Revenue:        
Revenue 1,574 1,604 4,754 4,880
Operating costs and expenses:        
Cost of services and sales $ 1,261 $ 1,266 $ 3,773 $ 3,853
[1]
During the three and nine months ended September 30, 2025, Halliburton incurred a charge of $23 million due to the impairment of an investment in
Argentina. During the nine months ended September 30, 2024, Halliburton incurred a charge of $82 million primarily due to the impairment of an
investment in Argentina and currency devaluation in Egypt.
[2]
For the three months ended September 30, 2025, the amount includes a $252 million charge attributable to Completion and Production, a $140 million
charge attributable to Drilling and Evaluation segment. For the nine months ended September 30, 2025, the amount included a $453 million charge
attributable to Completion and Production, a $225 million charge attributable to Drilling and Evaluation, and a $70 million charge attributable to
Corporate and other. For the three and nine months ended September 30, 2024, the amount included a $45 million charge attributable to Completion and
Production, a $34 million charge attributable to Drilling and Evaluation, and a $37 million charge attributable to Corporate and other. See Note 2 for
further discussion on impairments and other charges.