Halliburton (HAL) Operating Expenses (2009 - 2026)
Halliburton (HAL) posted quarterly Operating Expenses of $4.9 billion for Q2 2026, up 3.2% year-over-year from $4.8 billion in Q2 2025, and up 4.51% quarter-over-quarter from $4.7 billion in Q1 2026.
Halliburton (HAL) Operating Expenses (2009 - 2026) Analysis & Trends
Halliburton (HAL) has reported Operating Expenses for 18 consecutive years, with $4.9 billion the latest figure, recorded in Q2 2026.
- In Q2 2026, Operating Expenses rose 3.2% year-over-year to $4.9 billion; the TTM figure through Jun 2026 stood at $19.8 billion (up 2.81% YoY), while the FY2025 annual figure was $19.9 billion, up 4.19% from the prior year.
- Operating Expenses climbed to $4.9 billion in Q2 2026 per HAL's latest filing, from $4.7 billion in the prior quarter.
- Across five years, Operating Expenses topped out at $5.2 billion in Q3 2025 and bottomed at $3.8 billion in Q1 2022.
- Historically, Operating Expenses has averaged $4.7 billion across 5 years, with a median of $4.8 billion in 2023.
- Annual changes were most pronounced in 2022 — Operating Expenses surged 43.6% — and 2026, when it retreated 5.27%.
- Halliburton's Operating Expenses stood at $4.6 billion in 2022, then grew by 1.63% to $4.7 billion in 2023, then retreated by 0.06% to $4.7 billion in 2024, then gained by 4.98% to $4.9 billion in 2025, then gained by 0.51% to $4.9 billion in 2026.
- Business Quant data shows HAL's Operating Expenses at $4.9 billion in Q2 2026, $4.7 billion in Q1 2026, and $4.9 billion in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Slb | 79.95 Bn | 75.87 Bn | 4.63 Bn | 324.00 Mn |
| 2 | Baker Hughes | 62.26 Bn | 46.53 Bn | 1.58 Bn | 723.00 Mn |
| 3 | Tenaris | 53.14 Bn | 44.12 Bn | 984.66 | -484,107.00 Bn |
| 4 | TechnipFMC | 30.70 Bn | 29.46 Bn | 1.40 Bn | 2.28 Bn |
| 5 | Halliburton | 29.75 Bn | 27.71 Bn | 2.10 Bn | 4.94 Bn |
| 6 | Nov | 7.28 Bn | 6.12 Bn | 521.00 Mn | 1.04 Bn |
| 7 | Weatherford International | 6.57 Bn | 5.43 Bn | 662.00 Mn | 998.00 Mn |
| 8 | Kodiak Gas Services | 5.74 Bn | 5.61 Bn | 246.76 Mn | 266.88 Mn |
| 9 | Archrock | 5.62 Bn | 5.62 Bn | 244.51 Mn | 39.97 Mn |
| 10 | Oceaneering International | 5.22 Bn | 4.59 Bn | 156.98 Mn | 68.75 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 4.94 Bn |
| Mar 31, 2026 | 4.72 Bn |
| Dec 31, 2025 | 4.91 Bn |
| Sep 30, 2025 | 5.24 Bn |
| Jun 30, 2025 | 4.78 Bn |
| Mar 31, 2025 | 4.99 Bn |
| Dec 31, 2024 | 4.68 Bn |
| Sep 30, 2024 | 4.83 Bn |
| Jun 30, 2024 | 4.80 Bn |
| Mar 31, 2024 | 4.82 Bn |
| Dec 31, 2023 | 4.68 Bn |
| Sep 30, 2023 | 4.77 Bn |
| Jun 30, 2023 | 4.79 Bn |
| Mar 31, 2023 | 4.70 Bn |
| Dec 31, 2022 | 4.61 Bn |
| Sep 30, 2022 | 4.51 Bn |
| Jun 30, 2022 | 4.70 Bn |
| Mar 31, 2022 | 3.77 Bn |
| Dec 31, 2021 | 3.73 Bn |
| Sep 30, 2021 | 3.41 Bn |