- \n
- \nNet income of $0.64 per diluted share.<\/p>\n<\/li>\n
- \nAdjusted net income per diluted share1<\/sup> of $0.55.<\/p>\n<\/li>\n
- \nRevenue of $5.7 billion and operating margin of 14%.<\/p>\n<\/li>\n
- \nAdjusted operating margin2<\/sup> of 12%.<\/p>\n<\/li>\n
- \nCash flow from operations of $824 million and free cash flow3<\/sup> of $668 million.<\/p>\n<\/li>\n
- \nApproximately $200 million of share repurchases.<\/p>\n<\/li>\n<\/ul>\n
HOUSTON–(BUSINESS WIRE<\/a>)–
\nHalliburton Company (NYSE: HAL) announced today net income of $534 million, or $0.64 per diluted share, for the second quarter of 2026 and adjusted net income4<\/sup>, excluding \u201cImpairments and other credits,\u201d of $461 million, or $0.55 per diluted share. This compares to net income for the first quarter of 2026 of $461 million, or $0.55 per diluted share. Halliburton\u2019s total revenue for the second quarter of 2026 was $5.7 billion, compared to total revenue of $5.4 billion in the first quarter of 2026. Operating income was $778 million in the second quarter of 2026, compared to operating income of $679 million in the first quarter of 2026. Adjusted operating income5 <\/sup>in the second quarter of 2026, excluding \u201cImpairments and other credits,\u201d was $683 million.<\/p>\n\n\u201cI am pleased with Halliburton\u2019s performance this quarter, and believe the global outlook for Halliburton is strong. I expect our differentiated technology and value proposition set the stage for revenue growth and margin expansion,\u201d commented Jeff Miller, Chairman, President and CEO.<\/p>\n
\n\u201cIn international markets, I am excited about Halliburton\u2019s contract awards and pipeline of future opportunities. I see demand growth for our services and technology in every region we serve.<\/p>\n
\n\u201cIn North America, I am encouraged by the recovery we saw this quarter and I expect incremental improvements through the year.<\/p>\n
\n\u201cI expect that our consistent focus on returns and capital discipline will drive long-term success for Halliburton and its shareholders,\u201d concluded Miller.<\/p>\n
Operating Segments<\/span><\/b><\/p>\n
Completion and Production<\/b><\/p>\n
\nCompletion and Production revenue in the second quarter of 2026 was $3.2 billion, an increase of $186 million, or 6% sequentially, while operating income was $474 million, an increase of $35 million, or 8% sequentially. These results were primarily driven by increased stimulation activity in the Western Hemisphere and improved well intervention services in Asia. Partially offsetting these increases were lower specialty chemicals activity in North America resulting from the completed sale of a portion of our chemical business, decreased cementing activity in Latin America, and lower activity across multiple product service lines in the Middle East.<\/p>\n
Drilling and Evaluation<\/b><\/p>\n
\nDrilling and Evaluation revenue in the second quarter of 2026 was $2.5 billion, an increase of $126 million, or 5% sequentially, while operating income was $338 million, a decrease of $13 million, or 4% sequentially. Revenue improvements were primarily driven by increased drilling-related services and higher wireline activity in North America and Europe\/Africa, and increased drilling-related services in Asia. Partially offsetting these increases were lower software sales globally, decreased project management activity in Latin America and lower wireline activity in the Middle East. Operating income decreased due to the seasonal roll off of software sales.<\/p>\n
Geographic Regions<\/span><\/b><\/p>\n
North America<\/b><\/p>\n
\nNorth America revenue in the second quarter of 2026 was $2.3 billion, an increase of 7% sequentially. This increase was primarily driven by higher stimulation activity and increased well construction activity in US Land, and higher fluids activity in the Gulf of America. Partially offsetting these increases were lower specialty chemicals activity in US Land following the sale of a portion of our chemical business and decreased drilling activity in the Gulf of America.<\/p>\n
International<\/b><\/p>\n
\nInternational revenue in the second quarter of 2026 was $3.4 billion, an increase of 5% when compared to the first quarter of 2026.<\/p>\n
\nLatin America revenue in the second quarter of 2026 was $1.1 billion, an increase of 3% sequentially. These results were primarily driven by increased stimulation activity in Argentina and Mexico, and improved completion tool sales in Mexico. Partially offsetting these increases were lower activity across multiple product service lines in the Caribbean, decreased well construction activity in Mexico and Ecuador, and decreased completion tool sales in Brazil.<\/p>\n
\nEurope\/Africa revenue in the second quarter of 2026 was $1.0 billion, an increase of 19% sequentially. These results were primarily driven by improved activity across multiple product service lines in the North Sea, increased well construction activity in Namibia and Egypt, higher completion tool sales in the Mediterranean and Ivory Coast, and increased project management activity in Angola. Partially offsetting these increases were decreased software sales across the region and lower activity across multiple product service lines in Libya.<\/p>\n
\nMiddle East\/Asia revenue in the second quarter of 2026 was $1.3 billion, a decrease of 2% sequentially. These results were primarily driven by lower activity across multiple product service lines in Kuwait, Iraq, and Qatar as a result of the ongoing geopolitical conflict in the Middle East. Partially offsetting these decreases were higher well construction activity in Saudi Arabia and the United Arab Emirates, and increased drilling-related services and higher well intervention services in Asia.<\/p>\n
Other Financial Items<\/span><\/b><\/p>\n
\nDuring the second quarter of 2026, Halliburton:<\/p>\n
- \n
- \nRepurchased approximately $200 million of its common stock.<\/p>\n<\/li>\n<\/ul>\n
- \n
- \nPaid dividends of $0.17 per share.<\/p>\n<\/li>\n<\/ul>\n
- \n
- \nSpent $46 million on SAP S4 migration.<\/p>\n<\/li>\n<\/ul>\n
- \n
- \nRecognized a pre-tax credit of $95 million, related to \u201cImpairments and other credits.\u201d<\/p>\n<\/li>\n<\/ul>\n
Selective Technology & Highlights<\/span><\/b><\/p>\n
- \n
- \nHalliburton and Shape Digital entered a strategic collaboration to advance digital asset performance management through a unified asset view that connects subsurface and surface intelligence. The collaboration extends trusted data, domain science, operational expertise, and applied AI to support predictive, asset-level decision-making over the full production lifecycle.<\/p>\n<\/li>\n<\/ul>\n
- \n
- \nHalliburton successfully deployed its VersaFlex\u00ae<\/sup> expandable liner hanger system in the bp-operated Azeri\u2013Chirag\u2013Gunashli project offshore Azerbaijan in the Caspian Sea. The operation reinforces the companies\u2019 long-standing collaboration and demonstrates Halliburton\u2019s ability to deliver high-value well construction solutions in one of the region\u2019s most complex offshore environments. The project highlights the Company\u2019s focus to support customer objectives throughout the well life cycle.<\/p>\n<\/li>\n<\/ul>\n
- \n
- \nHalliburton launched the Xaminer\u00ae<\/sup> Deep Testing logging service, the newest addition to the Reservoir Xaminer\u2122<\/sup> formation testing service. Developed through close collaboration with operators facing increasingly complex reservoirs, the service brings deep-reading producibility and boundary identification earlier in the well life cycle to support integrated decisions that complement traditional drill stem testing.<\/p>\n<\/li>\n<\/ul>\n
- \n
- \nHalliburton launched the Optimized Single-Trip Multi-Zone (OSTMZ\u00ae<\/sup>) sand control system that reduces rig time, lowers total cost of ownership for operators, and safely improves well productivity as complexity increases. The system supports efficient completion operations and increases reservoir coverage in complex multizone wells. Operators that complete multizone wells often manage extended schedules, multiple service-tool trips, and increased operational exposure. The OSTMZ sand control system addresses these challenges and treats multiple zones in a single trip, without deployment-tool repositioning or repeated surface-equipment testing.<\/p>\n<\/li>\n<\/ul>\n
- \n
- \nHalliburton held its 2026 Technology Showcase from May 4-7 in Houston, which was attended by nearly 400 industry professionals from around the world. The event brought industry and technical leaders together and showed how digital capabilities translate into real-time execution at the wellsite to improve asset performance for our customers. Halliburton showcased measurable value from the integration of software, artificial intelligence, and automation into real-time operations.<\/p>\n<\/li>\n<\/ul>\n
- \n
- \nHalliburton announced the acquisition of InformatiQ AS, a Norway-based software company that develops cloud-native applications for subsurface, drilling, well, and logistics data. The acquisition converts a long-standing collaboration into full ownership, strengthens Landmark\u2019s Agile Asset Management offering, and extends its digital portfolio into new operational domains.<\/p>\n<\/li>\n<\/ul>\n
- \n
- \nHalliburton was awarded lump sum turnkey contracts by Aramco for multiple onshore fields in the Kingdom of Saudi Arabia. The awards expand Halliburton\u2019s role in the program and demonstrate the Company\u2019s ability to grow through integrated well delivery at scale. The multi-year contracts encompass approximately 285 planned wells. Halliburton will deliver a fully integrated execution model that includes oil re-entry operations, drilling, completions, and workovers. The integrated approach supports maximum asset value through operational consistency and timely well delivery and helps advance Aramco\u2019s objectives to maintain efficiency in its onshore portfolio.<\/p>\n<\/li>\n<\/ul>\n
- \n
- \nHalliburton was awarded a multi-year contract from Aramco to deliver integrated stimulation and completion services for unconventional gas development in the Kingdom of Saudi Arabia. This award is part of a broader multi-billion contract, supporting one of the largest unconventional gas development programs globally. This award builds on Halliburton\u2019s established portfolio supporting Aramco\u2019s unconventional program. Across many of the Kingdom\u2019s unconventional plays, Halliburton delivers a comprehensive suite of drilling and completion solutions. Its integrated service model is designed to support high-intensity development programs and improve operational efficiency, workflow predictability, and execution reliability. This collaboration supports broader regional efforts toward integrated unconventional development programs.<\/p>\n<\/li>\n<\/ul>\n
- \n
- \nHalliburton wins major integrated well construction contracts for the GranMorgu deepwater development offshore Suriname, operated by TotalEnergies. The agreement includes drilling and completions services for a long-term program. Halliburton will deploy a fully integrated, digital and automation execution model that unites planning, engineering, and operations to improve performance, accelerate learning, and reduce total cost of ownership throughout well construction.<\/p>\n<\/li>\n<\/ul>\n
- \n
- \nHalliburton has been awarded a contract by Basra Oil Company to provide Integrated Field Management Services and Engineering, Procurement, and Construction Management (EPCM) for the development of the Bin Umar and Sindbad oil and gas fields in southern Iraq. The contract scope includes field development planning, production optimization, digital solutions, and EPCM services for the two fields. Halliburton will deploy the Landmark portfolio to build a digital foundation that connects subsurface insights, well delivery, production operations, and business planning. Halliburton digitally integrates planning and execution to improve visibility, increase efficiency, and support faster, higher-quality decisions.<\/p>\n<\/li>\n<\/ul>\n
- \nHalliburton wins major integrated well construction contracts for the GranMorgu deepwater development offshore Suriname, operated by TotalEnergies. The agreement includes drilling and completions services for a long-term program. Halliburton will deploy a fully integrated, digital and automation execution model that unites planning, engineering, and operations to improve performance, accelerate learning, and reduce total cost of ownership throughout well construction.<\/p>\n<\/li>\n<\/ul>\n
- \nHalliburton was awarded a multi-year contract from Aramco to deliver integrated stimulation and completion services for unconventional gas development in the Kingdom of Saudi Arabia. This award is part of a broader multi-billion contract, supporting one of the largest unconventional gas development programs globally. This award builds on Halliburton\u2019s established portfolio supporting Aramco\u2019s unconventional program. Across many of the Kingdom\u2019s unconventional plays, Halliburton delivers a comprehensive suite of drilling and completion solutions. Its integrated service model is designed to support high-intensity development programs and improve operational efficiency, workflow predictability, and execution reliability. This collaboration supports broader regional efforts toward integrated unconventional development programs.<\/p>\n<\/li>\n<\/ul>\n
- \nHalliburton was awarded lump sum turnkey contracts by Aramco for multiple onshore fields in the Kingdom of Saudi Arabia. The awards expand Halliburton\u2019s role in the program and demonstrate the Company\u2019s ability to grow through integrated well delivery at scale. The multi-year contracts encompass approximately 285 planned wells. Halliburton will deliver a fully integrated execution model that includes oil re-entry operations, drilling, completions, and workovers. The integrated approach supports maximum asset value through operational consistency and timely well delivery and helps advance Aramco\u2019s objectives to maintain efficiency in its onshore portfolio.<\/p>\n<\/li>\n<\/ul>\n
- \nHalliburton announced the acquisition of InformatiQ AS, a Norway-based software company that develops cloud-native applications for subsurface, drilling, well, and logistics data. The acquisition converts a long-standing collaboration into full ownership, strengthens Landmark\u2019s Agile Asset Management offering, and extends its digital portfolio into new operational domains.<\/p>\n<\/li>\n<\/ul>\n
- \nHalliburton held its 2026 Technology Showcase from May 4-7 in Houston, which was attended by nearly 400 industry professionals from around the world. The event brought industry and technical leaders together and showed how digital capabilities translate into real-time execution at the wellsite to improve asset performance for our customers. Halliburton showcased measurable value from the integration of software, artificial intelligence, and automation into real-time operations.<\/p>\n<\/li>\n<\/ul>\n
- \nHalliburton launched the Optimized Single-Trip Multi-Zone (OSTMZ\u00ae<\/sup>) sand control system that reduces rig time, lowers total cost of ownership for operators, and safely improves well productivity as complexity increases. The system supports efficient completion operations and increases reservoir coverage in complex multizone wells. Operators that complete multizone wells often manage extended schedules, multiple service-tool trips, and increased operational exposure. The OSTMZ sand control system addresses these challenges and treats multiple zones in a single trip, without deployment-tool repositioning or repeated surface-equipment testing.<\/p>\n<\/li>\n<\/ul>\n
- \nHalliburton launched the Xaminer\u00ae<\/sup> Deep Testing logging service, the newest addition to the Reservoir Xaminer\u2122<\/sup> formation testing service. Developed through close collaboration with operators facing increasingly complex reservoirs, the service brings deep-reading producibility and boundary identification earlier in the well life cycle to support integrated decisions that complement traditional drill stem testing.<\/p>\n<\/li>\n<\/ul>\n
- \nHalliburton successfully deployed its VersaFlex\u00ae<\/sup> expandable liner hanger system in the bp-operated Azeri\u2013Chirag\u2013Gunashli project offshore Azerbaijan in the Caspian Sea. The operation reinforces the companies\u2019 long-standing collaboration and demonstrates Halliburton\u2019s ability to deliver high-value well construction solutions in one of the region\u2019s most complex offshore environments. The project highlights the Company\u2019s focus to support customer objectives throughout the well life cycle.<\/p>\n<\/li>\n<\/ul>\n
- \nHalliburton and Shape Digital entered a strategic collaboration to advance digital asset performance management through a unified asset view that connects subsurface and surface intelligence. The collaboration extends trusted data, domain science, operational expertise, and applied AI to support predictive, asset-level decision-making over the full production lifecycle.<\/p>\n<\/li>\n<\/ul>\n
- \nRecognized a pre-tax credit of $95 million, related to \u201cImpairments and other credits.\u201d<\/p>\n<\/li>\n<\/ul>\n
- \nSpent $46 million on SAP S4 migration.<\/p>\n<\/li>\n<\/ul>\n
- \nPaid dividends of $0.17 per share.<\/p>\n<\/li>\n<\/ul>\n
![\"Logo\"](\"https:\/\/mms.businesswire.com\/media\/20260721332585\/en\/2541226\/3\/HAL_LOGO_RGB_2025.jpg\"){kind=logo}
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