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Halliburton Company is one of the world's largest providers of products and services to the energy industry, operating in more than 70 countries. The company is organized into two main operating segments: Completion and Production, and Drilling and Evaluation. Halliburton offers a wide range of services and products, including cementing, stimulation, specialty chemicals, field and reservoir modeling, and precise wellbore placement solutions . In 2023, the Completion and Production segment significantly contributed to the company's revenue, with a reported increase of 18% compared to the previous year, while the Drilling and Evaluation segment saw a 7% increase in revenue . The company also focuses on sustainability and energy mix transition, aiming to reduce emissions and support clean energy initiatives .
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Completion and Production - Provides services such as cementing, stimulation, specialty chemicals, intervention, pressure control, artificial lift, and completion products.
- Artificial Lift - Enhances oil recovery by lifting fluids from the well.
- Cementing - Secures and supports well casings and provides zonal isolation.
- Completion Tools - Offers tools and equipment for well completion.
- Multi-Chem - Supplies specialty chemicals for various oilfield applications.
- Pipeline & Process Services - Delivers pipeline cleaning, testing, and maintenance services.
- Production Enhancement - Improves well productivity through stimulation and other techniques.
- Production Solutions - Provides customized solutions to optimize production.
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Drilling and Evaluation - Offers field and reservoir modeling, drilling, fluids, evaluation, and precise wellbore placement solutions.
- Baroid - Supplies drilling fluid systems and services.
- Drill Bits and Services - Designs and manufactures drill bits for various drilling applications.
- Halliburton Project Management - Manages complex oil and gas projects.
- Landmark Software and Services - Provides software solutions for reservoir management and decision-making.
- Sperry Drilling - Offers directional drilling and measurement-while-drilling services.
- Testing and Subsea - Conducts well testing and provides subsea solutions.
- Wireline and Perforating - Delivers wireline logging and perforating services for well evaluation and completion.
| Name | Position | External Roles | Short Bio | |
|---|---|---|---|---|
Jeffrey A. Miller ExecutiveBoard | Chairman of the Board, President, and CEO | Member of American Petroleum Institute, National Petroleum Council, Greater Houston Partnership | Joined HAL in 1997; became CEO in 2017 and Chairman in 2019; extensive global energy experience and leadership in sustainability and capital efficiency. | View Report → |
Charles E. Geer, Jr. Executive | Senior Vice President and Chief Accounting Officer | None | Joined HAL in 2015; became CAO in December 2019; previously VP and Corporate Controller. | |
Eric J. Carre Executive | Executive Vice President and CFO | None | Joined HAL in 1991; became CFO in May 2022; previously EVP of Global Business Lines; extensive financial and operational expertise. | |
Jill D. Sharp Executive | Senior Vice President, Internal Assurance Services | None | Joined HAL in 2016; became SVP, Internal Assurance Services in January 2022; previously VP, Finance - Western Hemisphere. | |
Lawrence J. Pope Executive | Executive Vice President of Administration and Chief Human Resources Officer | None | Joined HAL in 2008; leads HR and administrative functions; long tenure in leadership roles at HAL. | |
Mark J. Richard Executive | President, Western Hemisphere | None | Joined HAL in 2018; became President, Western Hemisphere in February 2019; previously SVP, Northern U.S. Region. | |
Shannon Slocum Executive | President, Eastern Hemisphere | None | Joined HAL in 2018; became President, Eastern Hemisphere in March 2023; previously SVP, Global Business Development and Marketing. | |
Timothy M. McKeon Executive | Senior Vice President and Treasurer | None | Joined HAL in 2014; became SVP and Treasurer in January 2022; previously VP and Treasurer. | |
Van H. Beckwith Executive | Executive Vice President, Secretary, and Chief Legal Officer | None | Joined HAL in 2020; previously a partner at Baker Botts L.L.P.; became CLO in December 2020. | |
Abdulaziz F. Al Khayyal Board | Director | Director at Marathon Petroleum Corporation, National Gas & Industrialization Company, International Youth Foundation | Director at HAL since 2014; retired from Saudi Aramco after 33 years; extensive energy industry experience. | |
Alan M. Bennett Board | Director | Director at Fluor Corporation, Director at TJX Companies | Director at HAL since 2006; CPA with extensive accounting and finance expertise; Chair of Audit Committee. | |
Bhavesh V. Patel Board | Director | President of Standard Industries, Director at Houston Branch of Federal Reserve of Dallas | Director at HAL since 2021; former CEO of LyondellBasell; expertise in global operations and sustainability. | |
Earl M. Cummings Board | Director | Independent Chair of CenterPoint Energy, Board Member at Texas Southern University, Texas Children’s Hospital | Director at HAL since 2022; expertise in IT solutions, entrepreneurship, and capital markets. | |
Janet L. Weiss Board | Director | Director at Tourmaline Oil Corp., Director at First National Bank Alaska, Director at Northwest University | Director at HAL since 2023; former President of BP Alaska; expertise in HSE and strategic planning. | |
M. Katherine Banks Board | Director | Director at Peabody Energy, Board Member at Triad National Security | Director at HAL since 2019; former President of Texas A&M University; expertise in engineering and sustainability. | |
Maurice S. Smith Board | Director | CEO of Health Care Service Corporation, Chairman of Prime Therapeutics, Director at Ventas Corporation | Director at HAL since 2023; extensive leadership in health care and corporate strategy. | |
Murry S. Gerber Board | Director | Director at BlackRock, Director at U.S. Steel, Trustee at Pittsburgh Cultural Trust | Director at HAL since 2012; former CEO of EQT Corporation; expertise in energy and corporate governance. | |
Robert A. Malone Board | Lead Independent Director | Non-Executive Chairman of Peabody Energy, Director at Teledyne Technologies | Director at HAL since 2009; former Chairman and President of BP America; expertise in crisis management and energy. | |
William E. Albrecht Board | Director | President of Moncrief Energy, Chairman of Vital Energy, Director at Terra Energy Partners | Director at HAL since 2016; over 40 years of oil and gas industry experience; expertise in M&A and corporate strategy. |
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Despite your guidance of international growth in the low to mid-single digits next year, how do you plan to accelerate growth beyond market rates to meet investor expectations, especially after acknowledging that full-year revenue growth will be below prior guidance?
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Given the 9% year-over-year decline in North America revenue and a full-year revenue decline expected at the low end of prior guidance, what specific strategies will you implement to reverse this trend and improve competitiveness in the North American market amid ongoing challenges?
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The August cybersecurity event negatively impacted your adjusted earnings by $0.02 per share and affected free cash flow due to delayed billing and collections; what comprehensive measures are you taking to enhance your cybersecurity infrastructure to prevent future incidents that could affect your financial performance?
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As competition intensifies in your core international business lines like cementing, completion tools, and drilling fluids, how do you plan to maintain or grow your market share, and what innovative solutions are you offering to differentiate yourself in these mature markets?
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With plans for over 50% of your active fleet to be Zeus fleets next year, what potential risks do you foresee regarding customer adoption, technological integration, or supply chain constraints that could hinder the deployment of the Zeus platform, and how might these challenges affect your operational and financial goals?
| Customer | Relationship | Segment | Details |
|---|---|---|---|
Primary Customer in Mexico | Experienced payment delays, but amounts are not in dispute | All | Accounts receivable was ~8% of total receivables as of Dec 31, 2024 , and ~6% as of Dec 31, 2023. Historically, no material write-offs. |
Recent developments and announcements about HAL.
Earnings
New Earnings (Q4 2024)
·7 days agoView full earnings summary →Halliburton expects $2.5–3B more revenue in 3–5 years via drilling tech, unconventionals, well intervention, and artificial lift. Near-term Q1 2025 dip aside, advanced solutions like Zeus e-fleets drive potential margin gains as U.S. gas activity tightens frac capacity.