Halliburton Company

“Our revenue during the past three years was derived from the sale of services and products to the energy industry. No single customer represented more than 10% of our consolidated revenue in any period presented.”

“Halliburton Company (Halliburton) is one of the world's largest providers of products and services to the energy industry.”

“We operate in more than 70 countries throughout the world to provide a comprehensive range of services and products to the energy industry.”

“Halliburton Company is one of the world's largest providers of products and services to the energy industry. ... 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.”

“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.”

“We serve major, national, and independent oil and natural gas companies throughout the world”

“Completion and Production delivers cementing, stimulation, specialty chemicals, intervention, pressure control, artificial lift, completion products and services.”

“A significant portion of our Completion and Production segment provides hydraulic fracturing services to customers developing shale natural gas and shale oil.”

“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”

“During 2025, we generated total company revenue of $22.2 billion, a 3% decrease from the $22.9 billion of revenue generated in 2024 with our Completion and Production (C&P) segment revenue decreasing by 4% and our Drilling and Evaluation (D&E) segment revenue decreasing by 3%.”

“Services $15,729 $16,348 $16,483 Product sales 6,455 6,596 6,535 Total revenue 22,184 22,944 23,018”

“market conditions can trigger constraints in the supply of certain raw materials, such as proppants (primarily sand), chemicals, metals, gels, and electronic components (circuit boards)”

“As of December 31, 2025, we employed over 46,000 people worldwide representing 146 nationalities and operated in more than 70 countries, with approximately 22% of our employees subject to collective bargaining agreements.”

“the impact on natural gas supply and demand in North America of electrification and data centers power requirements, completions intensity, the world economy, the availability of capital, government regulation, and global stability”

“emerging structural demand for natural gas, driven by data centers, electrification, and power reliability, positions our business for growth opportunities over the medium and long term”

“we have secured manufacturing capacity for 400 megawatts of modular natural gas power systems for delivery in 2028 to support the development of data centers in the Eastern Hemisphere”

“The industry we serve is highly competitive with many substantial competitors in each segment of our business.”

“Capital efficiency: Maintain our capital expenditures at about $1.1 billion, while leveraging technology and targeted process improvements to enhance utilization of existing capital.”

“Due to new tariffs imposed during 2025 by the United States, the incremental expense was approximately $89 million.”

“we have been impacted by inflationary cost increases, primarily related to chemicals, cement, and logistics costs, we generally try to pass much of those increases on to our customers”

“SAP S4 upgrade expense 154 124 51”

“Areas where we operate that have significant risk include, but are not limited to: the Middle East, North Africa, Angola, Argentina, Azerbaijan, Brazil, Indonesia, Kazakhstan, Mexico, Mozambique, Nigeria, Papua New Guinea, and Ukraine.”

“We continue to monitor the recent developments in Venezuela and plan to grow our business once commercial and legal terms are resolved, including payment certainty.”

“We expect international activity to be stable year over year, with revenue to be flat to up modestly, led by Latin America. We anticipate moderate softness in North America and expect revenue to decline year over year compared to 2025.”

“We expect that many of our customers in North America will continue their strategy of operating within their cash flows and generating returns rather than prioritizing production growth.”

“Impairments and other charges 831 116 —”

“We have served as the Company’s auditor since 2002.”

“From time to time, questions arise about the scope of our operations in the shale natural gas and shale oil sectors, and the extent to which these operations may affect human health and the environment.”

“Demand for our services and products is particularly sensitive to the level of exploration, development, and production activity of, and the corresponding capital spending by, oil and natural gas companies.”

“one of which resulted in an unauthorized third party gaining access to certain of our systems and exfiltrating information from those systems, which we determined was a material cybersecurity incident as previously disclosed in a Form 8-K we filed with the SEC on September 3, 2024”

“While no single customer represented more than 10% of consolidated revenue in any period presented, the loss of one or more significant customers or the consolidation of such customers could have a material adverse effect on our business and our consolidated results of operations.”

“one of which resulted in an unauthorized third party gaining access to certain of our systems and exfiltrating information from those systems, which we previously disclosed in Form 8-Ks we filed with the SEC on August 23, 2024 and September 3, 2024.”

“Our business could be materially and adversely affected by severe weather, particularly in Canada, the Gulf of America, and the North Sea.”

“as we increase the roll-out of our Zeus electric fracturing systems, we might face challenges to source sufficient electric power or there might not be adequate infrastructure to support the operation of our systems.”

“Some of these contracts are required by our customers, primarily national oil companies. These services include acting as project managers as well as service providers and may require us to assume additional risks associated with cost over-runs.”

“including well blowouts and equipment or materials failures, which could result in explosions, fires, personal injuries, property damage (including surface and subsurface damage), pollution, and potential legal responsibility.”

“We conduct some operations through joint ventures in which unaffiliated third parties may control the operations of the joint venture or we may share control.”