Edwyn
Over the past five years, Halliburton’s financial performance has shown a marked turnaround from a challenging 2020 to a period of recovery and robust growth through 2023. In 2020, the company posted negative gross and net income despite revenues of USD 14,445 million, reflecting significant operational challenges. However, by 2021, Halliburton recorded a recovery with revenues rising to USD 15,295 million and a positive gross profit of USD 1,800 million. This notable shift, with operating income also at USD 1,800 million and net income at USD 1,457 million, suggests a turnaround driven by improved operational execution and perhaps favorable market conditions within the oilfield services sector, which is known for its cyclical performance. The subsequent years showed continued strength, as revenues climbed to USD 20,297 million in 2022 and further to USD 23,018 million in 2023, with gross profit and operating income similarly expanding to USD 2,707 million and USD 4,083 million respectively, and net incomes reaching USD 1,572 million in 2022 and USD 2,638 million in 2023. Notably, the jump from 2021 to 2022 represents a significant year-over-year increase exceeding 20% in revenue and gross profit, indicative of a strong rebound and improved market demand. In 2024, revenues slightly tapered to USD 22,944 million with a corresponding minor decline in gross profit and net income, which might reflect market normalization or short-term operational adjustments. Overall, Halliburton’s trending recovery post-2020 and sustained operational improvements underscore a fundamentally resilient financial profile in a volatile, cyclical industry.
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.