Halliburton Company recorded a dramatic increase in net income in the fourth quarter totaling $589 million or 70 cents a share.
The Houston-based firm released fourth quarter earnings and said it comes to net income in the third quarter of 2025 of $18 million or 2 cents a share. Halliburton said the 4Q, the adjusted net income was $576 million and 69 cents a diluted share.
“We outperformed our expectations and it is clear that Halliburton’s strategy and value proposition deliver differentiated results,” commented Jeff Miller, Chairman, President and CEO.
Halliburton’s total revenue for the fourth quarter of 2025 was $5.7 billion, compared to total revenue of $5.6 billion in the third quarter of 2025.
Operating income was $746 million in the fourth quarter of 2025, compared to operating income of $356 million in the third
quarter of 2025. Excluding “Impairments and other charges”, adjusted operating income the fourth quarter of 2025, was $829 million, compared to adjusted operating income of $748 million in the third quarter of 2025.
Total revenue for the full year of 2025 was $22.2 billion, compared to 2024 revenue of $22.9 billion. Operating income for 2025 was $2.3 billion, compared to 2024 operating income of
$3.8 billion. Excluding “Impairments and other charges”, adjusted operating income for the full year of 2025 was $3.1 billion, compared to 2024 adjusted operating income of $3.9 billion.
“I am confident in the outlook for our business and Halliburton’s ability to deliver leading returns and capitalize on future growth opportunities,” concluded Miller.
Completion and Production
Completion and Production revenue in the fourth quarter of 2025 was $3.3 billion, flat sequentially, while operating income was $570 million, an increase of $56 million, or 11%.
Revenue improvements driven by higher year-end completion tool sales globally, improved cementing activity in the Western Hemisphere and Africa, and increased well intervention
services internationally were offset by lower stimulation activity in the Western Hemisphere.
Operating income increased due to activity mix improvements from completion tool sales in the Western Hemisphere and Europe and cementing activity in Europe/Africa, and well
intervention activity resuming in the Middle East.
Drilling and Evaluation
Drilling and Evaluation revenue in the fourth quarter of 2025 was $2.4 billion, flat sequentially, while operating income was $367 million, an increase of $19 million, or 5%.
Revenue improvements driven by higher wireline activity in the Eastern Hemisphere and increased year-end software sales in Latin America and Middle/East Asia were offset by lower fluid services in North America and decreased drilling services in Middle East/Asia. Operating income increased due to improved activity mix from wireline activity in the Eastern Hemisphere and year-end software sales.
Geographic Regions
North America
North America revenue in the fourth quarter of 2025 was $2.2 billion, a decrease of 7% sequentially. This decline was primarily driven by lower stimulation activity in US Land and Canada, decreased fluid services in the Gulf of America, and lower well intervention services in US Land. Partially offsetting these decreases were improved cementing activity and higher completion tool sales in US Land and the Gulf of America.
International
International revenue in the fourth quarter of 2025 was $3.5 billion, an increase of 7% when compared to the third quarter of 2025.