Halliburton (HAL) Operating Expenses (2009 - 2026)

Halliburton (HAL) reported Operating Expenses of $4.7 billion for Q1 2026, down 5.27% year-over-year from $5.0 billion in Q1 2025, and down 3.83% quarter-over-quarter from $4.9 billion in Q4 2025.

Halliburton (HAL) Operating Expenses (2009 - 2026) Analysis & Trends

Halliburton (HAL) has 18 years of Operating Expenses data on file, last reported at $4.7 billion in Q1 2026.

  • Operating Expenses for Q1 2026 came in at $4.7 billion, down 5.27% year-over-year; the trailing twelve-month figure through Mar 2026 was $19.7 billion (up 1.92% YoY), and the FY2025 annual result was $19.9 billion, up 4.19% from the prior year.
  • Operating Expenses declined to $4.7 billion in Q1 2026 per HAL's latest filing, from $4.9 billion in the prior quarter.
  • Over five years, Operating Expenses peaked at $5.2 billion in Q3 2025 and troughed at $3.8 billion in Q1 2022.
  • A 5-year average of $4.7 billion and a median of $4.8 billion in 2023 frame the typical range for Operating Expenses.
  • The sharpest annual moves came in 2022 and 2026: Operating Expenses surged 43.6% in 2022, then retreated 5.27% in 2026.
  • A 5-year view of Operating Expenses shows it stood at $4.6 billion in 2022, then climbed by 1.63% to $4.7 billion in 2023, then fell by 0.06% to $4.7 billion in 2024, then rose by 4.98% to $4.9 billion in 2025, then decreased by 3.83% to $4.7 billion in 2026.
  • Business Quant data shows HAL's Operating Expenses at $4.7 billion in Q1 2026, $4.9 billion in Q4 2025, and $5.2 billion in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Slb 82.25 Bn 80.04 Bn 4.67 Bn 261.00 Mn
2 Baker Hughes 61.96 Bn 47.38 Bn 1.51 Bn 732.00 Mn
3 Halliburton 32.79 Bn 30.84 Bn 2.04 Bn 4.72 Bn
4 TechnipFMC 26.73 Bn 25.47 Bn 1.49 Bn 2.14 Bn
5 Enerflex 8.62 Bn 8.57 Bn - -76.01 Mn
6 Nov 7.27 Bn 5.98 Bn 119.00 Mn 9.00 Mn
7 Weatherford International 6.99 Bn 5.94 Bn 876.00 Mn 1.03 Bn
8 Archrock 5.95 Bn 5.95 Bn 247.42 Mn 45.83 Mn
9 Kodiak Gas Services 5.60 Bn 5.50 Bn 222.88 Mn 238.95 Mn
10 Liberty Energy 4.61 Bn 3.91 Bn 177.37 Mn 998.91 Mn

Historic Data

Download Data
DateValue
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
Jun 30, 2021 3.27 Bn