v3.25.4

Business Segment and Geographic Information (Tables)

12 Months Ended

Dec. 31, 2025

Segment Reporting [Abstract]

Information on business segments

The following table presents information on our business segments.

	Year Ended December 31,
Millions of dollars	2025	2024	2023
Revenue:
Completion and Production	$12,782	$13,251	$13,689
Drilling and Evaluation	9,402	9,693	9,329
Total revenue	$22,184	$22,944	$23,018
Operating income:
Completion and Production	$2,128	$2,709	$2,835
Drilling and Evaluation	1,379	1,608	1,543
Total operations	3,507	4,317	4,378
Corporate and other (a)	(262)	(255)	(244)
SAP S4 upgrade expense	(154)	(124)	(51)
Impairments and other charges (b)	(831)	(116)	—
Total operating income	$2,260	$3,822	$4,083
Interest expense, net of interest income	$(352)	$(353)	$(395)
Loss on Blue Chip Swap transactions	(9)	(8)	(110)
Argentina currency impact	—	—	(131)
Other, net (c)	(128)	(227)	(84)
Income before income taxes	$1,771	$3,234	$3,363
Capital expenditures:
Completion and Production	$741	$775	$765
Drilling and Evaluation	513	665	613
Corporate and other	—	2	1
Total capital expenditures	$1,254	$1,442	$1,379
Depreciation, depletion, and amortization:
Completion and Production	$618	$588	$553
Drilling and Evaluation	496	475	430
Corporate and other	22	16	15
Total depreciation, depletion, and amortization	$1,136	$1,079	$998

(a)	Includes certain expenses not attributable to a business segment, such as costs related to support functions, corporate executives, and operating lease assets, and includes amortization expense associated with intangible assets recorded as a result of acquisitions.
(b)	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.
(c)	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.

Summary of Significant Segment Expenses

The following table presents significant segment expenses, which represent the difference between segment revenue

and segment operating income and are regularly reviewed by our CODM.

	Year Ended December 31,
	2025
Millions of dollars	Completion and Production	Drilling and Evaluation
Segment operating expenses:
Cost of products, materials, and supplies	$5,361	$3,641
Compensation	1,919	1,908
Depreciation, depletion, and amortization	618	496
Other	2,756	1,978
Total segment operating expenses	$10,654	$8,023

	Year Ended December 31,
	2024
Millions of dollars	Completion and Production	Drilling and Evaluation
Segment operating expenses:
Cost of products, materials, and supplies	$5,428	$3,803
Compensation	1,922	1,865
Depreciation, depletion, and amortization	588	475
Other	2,604	1,942
Total segment operating expenses	$10,542	$8,085

	Year Ended December 31,
	2023
Millions of dollars	Completion and Production	Drilling and Evaluation
Segment operating expenses:
Cost of products, materials, and supplies	$5,906	$3,771
Compensation	1,810	1,750
Depreciation, depletion, and amortization	553	430
Other	2,585	1,835
Total segment operating expenses	$10,854	$7,786

Other segment operating expenses primarily consist of maintenance, overhead allocations, facilities cost, and other

miscellaneous costs.

Reconciliation of Assets from Segment to Consolidated

The following table presents total assets by segment.

	December 31,
Millions of dollars	2025	2024
Total assets:
Completion and Production (a)	$10,492	$11,987
Drilling and Evaluation (a)	7,870	7,806
Corporate and other (b)	6,648	5,794
Total assets	$25,010	$25,587

(a)	Assets associated with specific segments primarily include receivables, inventories, property, plant, and equipment, operating lease right-of- use assets, equity in and advances to related companies, and goodwill.
(b)	Includes primarily cash and equivalents and deferred tax assets.

Schedule of Revenue from External Customers and Long-Lived Assets, by Geographical Areas

	Year Ended December 31,
Millions of dollars	2025	2024	2023
Revenue:
North America	$9,066	$9,626	$10,492
Latin America	3,935	4,211	3,987
Europe/Africa/CIS	3,351	3,003	2,861
Middle East/Asia	5,832	6,104	5,678
Total revenue	$22,184	$22,944	$23,018

	December 31,
Millions of dollars	2025	2024
Net property, plant, and equipment:
North America	$2,291	$2,595
Latin America	730	1,002
Europe/Africa/CIS	686	593
Middle East/Asia	1,554	923
Total net property, plant, and equipment	$5,261	$5,113

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