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Statement
Assets, liabilities and equity aligned across the annual filing history, in USD millions.
Assets
-2.3% YoYReported for FY 2025
Liabilities
-3.6% YoYReported for FY 2025
Equity
-0.4% YoYReported for FY 2025
Equity mix
+0.8 ppEquity share of the capital base
Table view
Balance sheet, reported dollar amounts — FY 2025
Every figure is the balance as filed. Each filing badge opens the SEC index page for that fiscal year.
Structure
Assets plotted against the liabilities and equity stack, so you can see how the balance sheet is financed.
Liabilities and equity stack to the capital base; assets are the dashed reference line.
Composition
The same split read as a share of total capital rather than in absolute dollars.
Percentages are measured against total capital for each fiscal year.
Trend
How assets, liabilities and equity have moved across the annual balance sheet window.
Switching between bar and line keeps the selected year order.
Commentary
This explanation uses an earlier data snapshot or evidence version. Compare its generation date with the current filing figures.
Earlier AI snapshot · Generated Jun 9, 2026. The filing-backed figures above are the current source of truth.
Halliburton’s balance sheet shows a broadly stable but gradually improving financial position over the five-year period. Total assets increased from $22.3 billion in 2021 to a peak of $25.6 billion in 2024, before easing slightly to $25.0 billion in 2025. This suggests the company has expanded its asset base over time, likely reflecting continued investment in equipment, working capital, and operational capacity to support activity in the oilfield services sector. The small decline in 2025 does not materially change the overall upward trend since 2021. Liabilities have trended downward overall, falling from $15.6 billion in 2021 to $14.5 billion in 2025, despite a modest fluctuation around the middle of the period. This reduction is constructive from a leverage perspective and indicates some improvement in balance-sheet discipline. Stockholders’ equity has grown more meaningfully, rising from $6.7 billion in 2021 to $10.5 billion in 2025, with particularly strong gains in 2023 and 2024. In an industry like oilfield services, where earnings and asset intensity can be cyclical, this combination of higher equity and lower liabilities points to a stronger capital structure and improved financial resilience over time.
This analysis is for informational purposes only and does not constitute financial advice or recommendations for any investment decisions. Please consult with a qualified financial professional for personalized guidance.