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This statistic highlights Halliburton’s Revenue Breakdown Worldwide, split across Europe/Africa/CIS, Latin America, the Middle East/Asia and North America, reported on a quarterly basis from Q1 2016 onwards.
Halliburton Company is an American multinational company. It owns hundreds of subsidiaries, affiliates, branches, brands, and departments worldwide and employs approximately 55,000 people. The company has two headquarters in Houston and Dubai and continues to be incorporated in the United States. The company’s main business is the Energy Services Group (ESG). They provide a wide range of products and services to upstream oil and gas customers around the world.
|Region||Q3 2020||Q2 2021||Q3 2021||Contribution in Q3 2021|
(All figures in billions, except percentages)
Halliburton Company’s total revenue increased from $2.98 billion in Q3 2020 to $3.86 billion in Q3 2021, marking a growth of 29.53% ($0.88 billion) in that year. If compared quarterly, the company’s revenue increased from $3.71 billion in Q2 2021 to $3.86 billion in Q3 2021, making an increment of 4.04% ($0.15 billion).
Halliburton Companies revenue is further bifurcated into the following regions:
Halliburton’s revenue from the Europe/Africa/CIS region witnessed a downfall of 19.23%, from $0.78 billion in Q1 2016 to $0.63 billion in Q1 2021. However, its revenue increased from $0.65 billion in Q3 2020 to $0.68 billion in Q3 2021, setting an incline of 4.62% ($0.03 billion). However, the revenue remained constant as it was recorded to be $0.68 billion in Q2 2021 and Q3 2021. This region generated 17.51% of the total revenue in Q3 2021.
The company’s revenue from the Latin America region accounted for 16.17% of the total revenue in Q3 2021. The revenue from this region remained constant throughout 5 years from Q1 2016 to Q1 2021 amounting to $0.54 billion. However, the revenue grew up from $0.38 billion in Q3 2020 to $0.62 billion in Q3 2021, making an increase of 63.16% ($0.24 billion) in a year. Quarterly, the company achieved a growth of 16.98 % from $0.53 billion in Q2 2021 to $0.62 billion in Q3 2021.
The company’s revenue from the Middle East/Asia region decreased from 1.09 billion in Q1 2016 to 0.88 billion in Q1 2021, making a decline of 19.27%. The revenue further showed a downfall from $0.96 billion in Q3 2020 to $0.93 billion in Q2 2021, setting a downfall of 3.13% ($0.03 billion). However, the revenue witnessed a slight increase from $0.93 billion in Q2 2021 to $0.95 billion in Q3 2021, making an incline of 2.15% ($0.02 billion). This region contributed 24.48% of the whole revenue generated in Q3 2021.
The total revenue generated from this region witnessed a downfall of 21.79% from $1.79 billion in Q1 2016 to $1.40 in Q1 2021. However, the majority of Halliburton company’s revenue was generated through the North America region which accounted for 41.84% of the company’s revenue in Q3 2021, amounting to $1.62 billion. It grew by 65.31% compared to $0.98 billion generated in Q3 2020 and 3.18% compared to $1.57 billion in Q2 2021.
About the company
Halliburton is one of the world’s largest suppliers of products and services serving the ever-changing needs of the energy industry. Erle P. Halliburton founded this company in 1919. With more than 50,000 employees, representing 130 nationalities in more than 80 countries, the company is listed on the New York Stock Exchange and is also part of the S&P 500. At Halliburton, experts collaborate and design solutions to help customers maximize value throughout the lifecycle of the reservoir. They combine technology, service, and implementation expertise to help their customers with hydrocarbon location, geological data management, drilling and formation assessment, well construction and completion, and optimization. optimize production performance throughout the life of their assets. The company helps energy companies maximize value throughout the reservoir’s lifecycle, from exploration to well construction and completion, to production optimization and business execution. The company’s major business segments are Energy services (the foundation of the company’s history), formation evaluation, digital and consulting services, production volume optimization, and fluid systems. These segments proved to be profitable and the company is one of the biggest global players in these service industries; it is second behind Schlumberger and is followed by Saipan, Weatherford International, and Baker Hughes. The company also offers a variety of products and services to upstream oil and gas customers worldwide through fourteen product service lines: Artificial Lift, Cementing, Completion Tools, Multi-Chem, Pipeline & Process Services, Production Enhancement, Production Solutions, Baroid, Drill Bits & Services, Landmark Software & Services, Sperry Drilling, Testing & Subsea, Wireline & Perforating, and Consulting & Project Management.
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