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Consolidated Statements of Operations - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Revenue:      
Revenue $ 22,184 $ 22,944 $ 23,018
Operating costs and expenses:      
Impairments and other charges [1] 831 116 0
General and administrative 239 239 226
SAP S4 Upgrade Expense 154 124 51
Total operating costs and expenses 19,924 19,122 18,935
Total operating income 2,260 3,822 4,083
Interest expense, net of interest income (352) (353) (395)
Argentina Currency Devaluation 0 0 (131)
Gain (loss) on Blue Chip Swap transactions (9) (8) (110)
Other, net [2] (128) (227) (84)
Total income (loss) before income taxes 1,771 3,234 3,363
Income tax (provision) benefit (479) (718) (701)
Net income (loss) 1,292 2,516 2,662
Net (income) loss attributable to noncontrolling interest (9) (15) (24)
Net income (loss) attributable to company $ 1,283 $ 2,501 $ 2,638
Income (Loss) from Continuing Operations, Per Basic Share $ 1.50 $ 2.84 $ 2.93
Income (Loss) from Continuing Operations, Per Diluted Share $ 1.50 $ 2.83 $ 2.92
Weighted Average Number of Shares Outstanding, Basic 853 882 899
Weighted Average Number of Shares Outstanding, Diluted 853 883 902
Services [Member]      
Revenue:      
Revenue $ 15,729 $ 16,348 $ 16,483
Operating costs and expenses:      
Cost of services and sales 13,611 13,470 13,402
Product sales [Member]      
Revenue:      
Revenue 6,455 6,596 6,535
Operating costs and expenses:      
Cost of services and sales $ 5,089 $ 5,173 $ 5,256
[1]
Impairments and other charges are as follows:
For the year ended December 31, 2025, amount includes approximately $556 million attributable to Completion and Production,
$247 million attributable to Drilling and Evaluation, and $28 million attributable to Corporate and other.
For the year ended December 31, 2024, amount includes approximately $45 million attributable to Completion and Production,
$34 million attributable to Drilling and Evaluation, and $37 million attributable to Corporate and other.
[2]
During the year ended December 31, 2025, Halliburton incurred a charge of $23 million due to the impairment of an investment in
Argentina. During the year ended December 31, 2024, Halliburton incurred a charge of $82 million primarily due to the impairment of
an investment in Argentina and currency devaluation in Egypt.