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Updated Jul 24, 2026
Halliburton Q2 2026: International growth offsets Middle East disruption as WTI surges 48% YoY to $95.75/bbl
Halliburton delivered total revenue of $5.7 billion in Q2 2026, a 4% increase versus Q2 2025, driven by a 24% surge in Europe/Africa/CIS and 15% growth in Latin America that more than compensated for an 11% decline in Middle East/Asia from conflict-related disruptions. Drilling and Evaluation was the performance engine, up 7% with operating income growing 8%, while Completion and Production operating income fell 8% on reduced stimulation pricing and the chemical business divestiture. WTI averaging $95.75/barrel — up 48% year-over-year — provides a materially stronger commodity backdrop heading into the second half, though customer capital discipline remains the dominant behavioral constraint.
Tone: mixedRevenue
$22.2B
HAL 10-K · FY 2025
Employees
46,000
Revenue growth YoY
-3%
Founded
1919
Profile
HAL 10-K Item 1 · Feb 6, 2026Halliburton is one of the world's largest oilfield services companies, providing products and services to the energy industry across the full reservoir lifecycle — from exploration and drilling through completion and production optimization. The company operates in more than 70 countries through two segments: Completion and Production, and Drilling and Evaluation. Its predecessor was established in 1919 and it serves major, national, and independent oil and gas producers worldwide.
Read filing description ↓ Collapse description ↑
Halliburton Company is one of the world's largest providers of products and services to the energy industry. Its predecessor was established in 1919 and incorporated under the laws of the State of Delaware in 1924. Inspired by the past and leading into the future, what started with a single product from a single location is now a global enterprise. Our value proposition is to collaborate and engineer solutions to maximize asset value for our customers. We strive to achieve strong cash flows and returns for our shareholders by delivering technology and services that improve efficiency, increase recovery, and maximize production for our customers. Halliburton has fostered a culture of unparalleled service to the world's major, national, and independent oil and natural gas producers. With over 46,000 employees, representing 146 nationalities in more than 70 countries, we help our customers maximize asset value throughout the lifecycle of the reservoir - from locating hydrocarbons and managing geological data, to drilling and formation evaluation, well construction and completion, and optimizing production throughout the life of the asset. We operate under two divisions, which form the basis for the two operating segments we report, the Completion and Production segment and the Drilling and Evaluation segment. The Completion and Production segment delivers cementing, stimulation, specialty chemicals, intervention, pressure control, artificial lift, completion products and services. The Drilling and Evaluation segment provides field and reservoir modeling, drilling, fluids, evaluation and precise wellbore placement solutions that enable customers to model, measure, drill, and optimize their well construction activities.
Primary products
- Artificial Lift
- Cementing
- Completion Tools
- Multi-Chem
- Pipeline & Process Services
- Production Enhancement
Business segments
End markets
Geographies
Named customers
No single customer represented more than 10% of our consolidated revenue in any period presented.
“We are one of the world's largest diversified energy services companies.” Competitive position, as stated in the filing
Revenue commentary · FY 2025
Total revenue decreased 3% in 2025 compared to 2024, driven by a 6% decline in North America and a 2% decline in international revenue, with both operating segments posting lower activity across multiple product service lines.
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