Halliburton Drives Global Energy Transformation with Strong Q1 2025 Results

Energy giant Halliburton delivered a robust performance in the first quarter of 2025, showcasing its commitment to transforming the industry through technology and collaboration.

According to the company's recent conference call transcript, Halliburton achieved total revenue of $5.4 billion and an adjusted operating margin of 14.5% during Q1 2025. While international revenue decreased by 2% year-over-year due to lower activity in Mexico, excluding that country, international revenues grew by mid-single digits.

North America revenue was also impacted, declining 12% from the same period last year. However, Halliburton generated $377 million of cash flow from operations and $124 million of free cash flow during the quarter, while repurchasing approximately $250 million of its common stock.

In a broader context, Halliburton's Chairman, President, and CEO Jeff Miller emphasized the importance of oil and gas in global economic growth and prosperity. Noting that the world consumes more oil and gas than ever before, Miller highlighted the reality of decline curves and the need for ongoing investment to ensure adequate supplies tomorrow.

Miller expressed confidence in Halliburton's technology-driven approach, which he believes will continue to transform the industry and unlock new sources of value. He also emphasized the company's unique collaborative approach, improved outcomes, and deepened customer relationships, as well as its commitment to safety and service quality execution.

On a positive note, Miller praised Halliburton employees for their outstanding safety and service quality performance last quarter. Despite recent pressures on the energy macro, he believes that Halliburton's consistent focus on technology, collaboration, and service quality execution will drive long-term success under any market conditions.

In terms of specific international results, Halliburton delivered solid quarterly revenue of $3.2 billion. While its overall international outlook has not changed significantly, Miller acknowledged that there is more risk embedded in the company's outlook today than three months ago, leading to a year-over-year flat-to-down revenue scenario.

However, Halliburton won meaningful work extending through 2026 and beyond, with customers awarding significant scopes of work for development and intervention projects. Shell awarded Halliburton contracts for exploration work in Suriname and West Africa, as well as integrated offshore exploration work with another major company.

These wins demonstrate the strength of Halliburton's value proposition and its ability to execute service quality through advanced technologies like intelligent completions and comprehensive directional drilling technology.

In conclusion, Halliburton's Q1 2025 results reflect its commitment to driving global energy transformation through technology, collaboration, and a focus on safety and service quality execution. As the company looks ahead, it is well-positioned to navigate the evolving energy landscape and create value for its customers and stakeholders.

The company's strong financial performance, combined with its strategic wins in key markets, reinforces its position as a leader in the oil and gas industry.

As the global energy market continues to evolve, Halliburton's ability to adapt and innovate will be crucial to driving growth and success. With its robust Q1 2025 results serving as a testament to its capabilities, the company is poised to continue making significant contributions to the energy sector in the years ahead.

The energy landscape may be uncertain, but one thing is clear: Halliburton's commitment to innovation, collaboration, and service quality execution makes it an invaluable partner for customers and stakeholders alike.

As the industry continues to navigate the complexities of a rapidly changing world, Halliburton stands ready to drive global energy transformation through its cutting-edge technology and unwavering dedication to safety and service excellence.