10-K annual report · filed Feb 6, 2026

Halliburton (HAL) FY2025 10-K Annual Report

Short answer

Halliburton (HAL) filed its fiscal 2025 10-K annual report with the SEC on Feb 6, 2026. It reported revenue of $22.2B (−3.3% year over year) and net income of $1.3B.

FY2025 key financial metrics · XBRL

Revenue
$22.2B
−3.3% YoY
Net income
$1.3B
−48.7% YoY
Operating margin
10.2%
−6.5 pp YoY
ROE
12.3%
−11.5 pp YoY
Operating cash flow
$2.9B
−24.3% YoY

Source: XBRL data from the Halliburton (HAL) FY2025 10-K on SEC EDGAR. USD.

Halliburton FY2025 10-K analysis

AI summary of each section, grounded in the filing text

Business Overview

  • Core business: Provider of oilfield services and products supporting exploration, development, and production of oil and natural gas
  • Highlight on new Zeus electric fracturing systems with increased focus on sourcing electric power and infrastructure support
  • Strategic shift toward integrated project management under long-term fixed-price contracts, assuming additional cost and operational risks
  • Risk impact from recent U.S. trade policy changes including 10% baseline tariffs and unpredictable reciprocal tariffs from August 2025
  • Emphasis on increasing risks from climate change-related severe weather and regulatory environment on hydraulic fracturing operations

Management Discussion & Analysis

  • Revenue and profitability data not disclosed in the provided MD&A excerpt
  • Forward-looking statements emphasize inherent risks; no specific guidance or quantitative outlook provided

Generated from the filing text; verify against the original. How to read a 10-K

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