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| Date | Value |
|---|---|
| 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 |