Halliburton Co - Company Profile
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Business Description
Halliburton Co (Halliburton) provides products and services to the energy industry, serving the upstream oil and gas sector throughout the life cycle of the reservoir. The company operates through two reportable business segments: Completion and Production; and Drilling and Evaluation. Halliburton continues to invest its capital and resources in strategic growth markets. The company operates its business in Asia, Australia, Oceania, Europe and CIS, the Middle East and Africa, and the Americas. In FY2023, the company incurred a capital expenditure of US$1,379 million which as a percentage of total revenue accounted for 5.9% and grew 36.4% YoY.
R&D Overview
Halliburton maintains an active research and development program to serve the changing needs of its customers. It focuses on improving its products, processes and engineering standards and practices. The company also holds a substantial portfolio of patents covering various products and processes. It also licenses these patents to third parties. In FY2023, it spent US$408 million on R&D, which constituted 1.7% of its revenue and increased 18.3% YoY.
Business Segments
Overview
Delivers cementing, pressure control, stimulation, intervention, specialty chemicals, and artificial lift and completion services. Includes service lines of production enhancement, cementing, completion tools, production solutions, pipeline and process services, multi-chem and artificial lift. Major facilities are in Arbroath, the UK; Johor Bahru, Malaysia; and Lafayette, Louisiana. In FY2023, the segment incurred a capital expenditure of US$765 million, which grew 29.9% YoY.
Performance
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Overview
Provides field and reservoir modeling, drilling, evaluation and precise wellbore placement solutions for well construction. Its product service lines include baroid, Sperry drilling, wireline and perforating, drill bits and services, landmark software and services, testing and subsea and consulting and project management. Major facilities are in Alvarado, Texas; and The Woodlands, Texas. In FY2023, the segment incurred a capital expenditure of US$613 million, which grew 46% YoY.
Performance
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Geographical Segments
Performance
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Performance
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Performance
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Performance
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