Halliburton Company (HAL): Modelo de Negócios Canvas [Jan-2025 Atualizado]

No mundo de alto risco da exploração de energia global, a Halliburton Company permanece como uma potência tecnológica, transformando os desafios complexos do campo petrolífero em soluções inovadoras. Com um modelo de negócios estratégico que abrange tecnologias de ponta, parcerias globais e ofertas abrangentes de serviços, a Halliburton se posicionou como um facilitador crítico da extração de energia entre os mercados internacionais. Ao integrar perfeitamente tecnologias avançadas de perfuração, soluções digitais e relacionamentos estratégicos de clientes, a empresa não apenas impulsiona a eficiência operacional, mas também remodela o cenário dos serviços modernos de energia.

Halliburton Company (HAL) - Modelo de Negócios: Principais Parcerias

Principais parcerias de empresas de petróleo e gás

A Halliburton mantém parcerias estratégicas com as principais empresas globais de energia:

Empresa parceira	Detalhes da parceria	Valor anual de colaboração
ExxonMobil	Serviços de perfuração e conclusão	US $ 1,2 bilhão
Concha	Tecnologias de exploração offshore	US $ 875 milhões
Chevron	Soluções de fraturamento hidráulico	US $ 650 milhões

Fabricantes de equipamentos de perfuração e fornecedores de tecnologia

As principais parcerias de tecnologia e equipamentos incluem:

• Baker Hughes (desenvolvimento de tecnologia conjunta)
• Schlumberger (equipamento de perfuração especializado)
• Nacional Oilwell Varco (integração de tecnologia de perfuração)

Alianças Estratégicas de Serviço de Energia Internacional

Região	Empresas parceiras	Foco em parceria
Médio Oriente	Aramco saudita	Tecnologias de extração avançada
Ásia-Pacífico	Petronas	Inovações de perfuração offshore
Rússia	Gazprom	Técnicas de exploração do Ártico

Colaboração de instituições de pesquisa

Parcerias de inovação tecnológica com:

• Instituto de Tecnologia de Massachusetts (MIT)
• Centro de Pesquisa em Energia da Universidade de Stanford
• Departamento de Engenharia de Petróleo da Universidade do Texas A&M

Parcerias de agências governamentais

Agência governamental	Área de colaboração	Investimento anual
Departamento de Energia dos EUA	Pesquisa em energia limpa	US $ 45 milhões
Departamento de Segurança e Aplicação Ambiental	Segurança de perfuração offshore	US $ 22 milhões

Halliburton Company (HAL) - Modelo de Negócios: Atividades -chave

Serviços de campo petrolífero e fabricação de equipamentos

Halliburton registrou US $ 17,71 bilhões em receita total em 2023. A Companhia fabricou e implantou aproximadamente 1.200 plataformas de perfuração em todo o mundo.

Categoria de equipamento	Volume anual de produção	Quota de mercado
Equipamento de perfuração	3.500 unidades	22%
Equipamento de controle de poço	2.800 unidades	18%
Sistemas de controle de pressão	1.600 unidades	15%

Tecnologias de perfuração e otimização

A Halliburton investiu US $ 892 milhões em pesquisa e desenvolvimento para tecnologias avançadas de perfuração em 2023.

• Implementou 450 projetos de otimização de perfuração avançada
• Implantado 275 sistemas de desempenho de perfuração acionados por IA
• Alcançou 14% de melhora na eficiência da perfuração

Serviços hidráulicos de fraturamento e conclusão bem

A empresa operava 19 frotas hidráulicas de fraturamento na América do Norte durante 2023.

Segmento de serviço	Volume anual de serviço	Contribuição da receita
Fraturamento hidráulico	4.200 poços	US $ 6,3 bilhões
Bem conclusão	3.800 poços	US $ 5,7 bilhões

Caracterização e gerenciamento do reservatório

A Halliburton processou 12.500 projetos de avaliação do reservatório em 2023.

• Utilizado 375 sistemas avançados de modelagem geológica
• Conduziu pesquisas sísmicas em 28 países
• Tecnologias de monitoramento de reservatórios 620 implantados

Soluções digitais para exploração de energia

Os investimentos em tecnologia digital totalizaram US $ 425 milhões em 2023.

Solução digital	Número de implementações	Melhoria de eficiência
Analítica de AI subterrânea	215 implantações	17% de eficiência operacional
Sistemas de monitoramento remoto	340 instalações	Redução de custos de 22%

Halliburton Company (HAL) - Modelo de Negócios: Recursos Principais

Tecnologias avançadas de perfuração e fracking

A Halliburton investiu US $ 692 milhões em pesquisa e desenvolvimento em 2022. A Companhia opera 15 centros de tecnologia global focados na perfuração de inovação.

Categoria de tecnologia	Número de patentes	Investimento anual de P&D
Tecnologias de perfuração	387	US $ 278 milhões
Tecnologias de fracking	256	US $ 214 milhões

Extensa rede global de centros de serviço

Halliburton mantém 1.200 centros de serviço em 80 países em todo o mundo.

• América do Norte: 520 centros de serviço
• Oriente Médio: 280 centros de serviço
• Europa/África: 220 centros de serviço
• Ásia -Pacífico: 180 centros de serviço

Engenharia altamente qualificada e força de trabalho técnica

A partir de 2022, a Halliburton empregou 48.000 profissionais em todo o mundo.

Categoria de funcionários	Número de funcionários
Engenheiros	12,600
Especialistas técnicos	8,900
Técnicos de campo	26,500

Software proprietário e plataformas digitais

A Halliburton desenvolveu mais de 50 plataformas digitais e soluções de software para operações de petróleo e gás.

• Software de planejamento digital de poço
• Plataformas de otimização de perfuração em tempo real
• Sistemas de manutenção preditivos

Portfólio de propriedade intelectual forte

Halliburton possui 2.143 patentes globais ativas a partir de 2022.

Categoria de patentes	Número de patentes
Tecnologias de perfuração	687
Inovações fracking	456
Soluções digitais	312
Tecnologias ambientais	218

Halliburton Company (HAL) - Modelo de Negócios: Proposições de Valor

Soluções abrangentes de campo petrolífero de ponta a ponta

Receita do segmento de serviços de campo petrolífero: US $ 20,5 bilhões em 2022

Categoria de serviço	Receita anual	Quota de mercado
Serviços de perfuração	US $ 7,3 bilhões	35%
Serviços de conclusão	US $ 6,8 bilhões	32%
Serviços de produção	US $ 6,4 bilhões	33%

Eficiência e produtividade aprimoradas de perfuração

• Melhoria da eficiência da perfuração: redução de 22% no tempo operacional
• Métricas de produtividade: aumento de 15% nas taxas de extração
• Redução de custos médios por poço: US $ 450.000

Inovações tecnológicas de ponta

Investimento de P&D: US $ 862 milhões em 2022

Área de tecnologia	Aplicações de patentes	Taxa de implementação
Tecnologias digitais de campo petrolífero	47 patentes	68%
Sistemas de perfuração avançados	39 patentes	55%

Mitigação de risco para projetos de exploração de energia

Receita dos Serviços de Gerenciamento de Risco: US $ 3,2 bilhões em 2022

• Redução de risco do projeto: 40% menor de probabilidade de falha
• Economia de custos de seguro: 25% em comparação com a média da indústria

Métodos de extração de energia sustentável e econômica

Investimentos de sustentabilidade: US $ 412 milhões em 2022

Iniciativa de Sustentabilidade	Redução de carbono	Eficiência de custos
Tecnologias de perfuração de baixo carbono	27% de redução de CO2	Economia de custos de 18%
Sistemas de gerenciamento de água	35% de reciclagem de água	22% de redução de custo operacional

Halliburton Company (HAL) - Modelo de Negócios: Relacionamentos do Cliente

Parcerias baseadas em contratos de longo prazo

A Halliburton mantém contratos estratégicos de longo prazo com grandes empresas de petróleo e gás em todo o mundo. A partir de 2023, a empresa registrou 78 acordos ativos de serviço de longo prazo com os principais players do setor.

Tipo de contrato	Duração média	Intervalo de valor anual
Serviços de exploração	5-7 anos	$ 50m - $ 250M
Suporte de perfuração	3-5 anos	$ 30M - US $ 150M
Aprimoramento da produção	4-6 anos	$ 40M - US $ 200 milhões

Serviços técnicos de suporte e consultoria

Halliburton fornece suporte técnico abrangente por meio de equipes dedicadas em 80 países. Em 2023, a empresa investiu US $ 425 milhões em infraestrutura de suporte ao cliente.

• 24/7 de ajuda técnica
• Suporte de engenharia no local
• Serviços de diagnóstico remoto
• Gerentes de sucesso de clientes dedicados

Soluções personalizadas para necessidades individuais de clientes

A empresa desenvolve soluções tecnológicas personalizadas com um custo médio de desenvolvimento de US $ 3,2 milhões por projeto personalizado em 2023.

Categoria de solução	Taxa de personalização	Pontuação de satisfação do cliente
Tecnologias de perfuração	65%	4.7/5
Sistemas de produção	55%	4.6/5
Transformação digital	45%	4.5/5

Treinamento tecnológico contínuo e workshops

A Halliburton conduziu 672 oficinas de treinamento globalmente em 2023, com um investimento total de treinamento de US $ 87 milhões.

• Módulos de treinamento on -line
• Oficinas técnicas práticas
• Programas de certificação
• Patrocínios da Conferência da Indústria

Plataformas de engajamento de clientes digitais

A empresa opera plataformas digitais avançadas com um investimento anual de tecnologia de US $ 215 milhões em 2023.

Plataforma digital	Base de usuários	Volume anual de interação
Portal Myhalliburton	12.500 usuários corporativos	3,4 milhões de interações
Mercado de serviços digitais	8.700 clientes registrados	2,1 milhões de transações

Halliburton Company (HAL) - Modelo de Negócios: Canais

Equipes de vendas diretas

Halliburton mantém 52 equipes de vendas diretas em 80 países em 2024. Geração anual de receita da equipe de vendas: US $ 14,3 bilhões.

Região	Equipes de vendas	Receita anual
América do Norte	18 equipes	US $ 6,2 bilhões
Médio Oriente	12 equipes	US $ 3,7 bilhões
América latina	8 equipes	US $ 2,1 bilhões
Europa/África	14 equipes	US $ 2,3 bilhões

Conferências e feiras do setor

Halliburton participa de 37 principais conferências internacionais de energia anualmente. Investimento total da feira comercial: US $ 4,5 milhões.

• Conferência Técnica Anual da SPE
• Conferência de Tecnologia Offshore
• Congresso do Petróleo Mundial
• Conferência Internacional de Tecnologia de Petróleo

Plataformas digitais on -line e portais de serviço

Volume da transação anual da plataforma digital: US $ 2,8 bilhões. Base de usuário da plataforma: 6.400 clientes corporativos.

Plataforma digital	Usuários	Transações anuais
Portal Myhalliburton	4.200 clientes	US $ 1,9 bilhão
Gerenciamento de reservatório digital	1.500 clientes	US $ 900 milhões

Gerenciamento de contas estratégicas

As contas estratégicas geram US $ 9,6 bilhões em receita anual. 128 gerentes de contas estratégicas dedicadas.

• 10 principais contas estratégicas: receita de US $ 4,3 bilhões
• Valor médio da conta: US $ 75 milhões
• Taxa de retenção: 93%

Rede Global de Serviço Central

A Halliburton opera 146 centros de serviços globais. Investimento de rede total de centro de serviço: US $ 1,2 bilhão.

Região	Centros de serviço	Receita anual de serviço
América do Norte	48 centros	US $ 3,7 bilhões
Médio Oriente	32 centros	US $ 2,5 bilhões
Ásia-Pacífico	26 centros	US $ 1,8 bilhão
Europa/África	40 centros	US $ 1,6 bilhão

Halliburton Company (HAL) - Modelo de negócios: segmentos de clientes

Grandes empresas internacionais de petróleo e gás

A Halliburton atende principais empresas globais de energia com receitas anuais superiores a US $ 50 bilhões, incluindo:

Empresa	Receita anual	Escopo de serviço Halliburton
ExxonMobil	US $ 413,7 bilhões	Serviços de perfuração, caracterização do reservatório
Concha	US $ 383,4 bilhões	Bem construção, conclusões
Chevron	US $ 246,3 bilhões	Fraturamento hidráulico, otimização de produção

Empresas nacionais de petróleo

A Halliburton fornece serviços abrangentes para empresas estatais de energia:

• Aramco saudita (Arábia Saudita): Receita Anual de US $ 400 bilhões
• Petronas (Malásia): receita anual $ 50,2 bilhões
• Petrobras (Brasil): receita anual de US $ 89,4 bilhões

Empresas de exploração e produção independentes

Segmento de mercado caracterizado por empresas de exploração de médio porte:

Empresa	Capitalização de mercado	Valor típico do contrato
Recursos naturais pioneiros	US $ 58,3 bilhões	US $ 15-50 milhões
Devon Energy	US $ 42,1 bilhões	US $ 10-35 milhões

Empresas de perfuração offshore

Segmento de exploração de energia marítima especializada:

• Transocean: Frota de 48 plataformas de perfuração ativas
• Diamond Offshore: 15 navios de perfuração de águas ultra-profundas
• Valor médio do projeto offshore: US $ 250-500 milhões

Mercados de energia emergentes

Expandindo a base de clientes em regiões em desenvolvimento:

Região	Investimento energético projetado	Penetração do mercado de Halliburton
África	US $ 67 bilhões até 2025	18% de participação de mercado
Sudeste Asiático	US $ 45 bilhões até 2025	22% de participação de mercado
América latina	US $ 82 bilhões até 2025	25% de participação de mercado

Halliburton Company (HAL) - Modelo de negócios: estrutura de custos

Investimentos de pesquisa e desenvolvimento

A Halliburton investiu US $ 352 milhões em despesas de P&D em 2022, representando 1,5% da receita total.

Ano	Investimento em P&D	Porcentagem de receita
2022	US $ 352 milhões	1.5%
2021	US $ 321 milhões	1.4%

Compras avançadas de equipamentos e tecnologia

As despesas de capital para 2022 totalizaram US $ 714 milhões, focadas em atualizações de tecnologia e equipamentos.

• Investimentos de transformação digital: US $ 128 milhões
• Atualizações de tecnologia de perfuração: US $ 246 milhões
• Sistemas de automação: US $ 92 milhões

Força de trabalho global e despesas de treinamento

Os custos totais de remuneração da força de trabalho e treinamento em 2022 atingiram US $ 4,1 bilhões.

Categoria de despesa	Quantia
Salários e salários	US $ 3,6 bilhões
Treinamento e desenvolvimento	US $ 98 milhões
Benefícios dos funcionários	US $ 402 milhões

Manutenção operacional e logística

As despesas de manutenção operacional para 2022 foram de US $ 1,2 bilhão.

• Manutenção do equipamento: US $ 678 milhões
• Transporte e logística: US $ 392 milhões
• Gerenciamento da cadeia de suprimentos: US $ 130 milhões

Custos de conformidade e aderência regulatória

As despesas relacionadas à conformidade em 2022 totalizaram US $ 215 milhões.

Área de conformidade	Gasto
Conformidade ambiental	US $ 89 milhões
Regulamentos de segurança	US $ 76 milhões
Relatórios legais e regulatórios	US $ 50 milhões

Halliburton Company (HAL) - Modelo de negócios: fluxos de receita

Contratos de serviços de campo petrolífero

Em 2023, Halliburton registrou receita total de US $ 21,47 bilhões. Os contratos de serviços de campo petrolífero representaram aproximadamente 65% da receita total, representando US $ 13,96 bilhões.

Tipo de contrato	Receita (2023)	Percentagem
Serviços de perfuração	US $ 5,62 bilhões	26.2%
Bem os serviços de conclusão	US $ 4,73 bilhões	22.0%
Aprimoramento da produção	US $ 3,61 bilhões	16.8%

Vendas e leasing de equipamentos

As vendas e leasing de equipamentos geraram US $ 3,65 bilhões em 2023, representando 17% da receita total.

• Vendas de equipamentos de perfuração: US $ 1,84 bilhão
• Leasing de equipamentos de campo petrolífero especializado: US $ 1,81 bilhão

Serviços de consultoria tecnológica

Os serviços de consultoria tecnológica contribuíram com US $ 2,58 bilhões em 2023, representando 12% da receita total.

Tipo de serviço de consultoria	Receita (2023)
Modelagem de reservatório digital	US $ 892 milhões
Consultoria geológica	US $ 763 milhões
Consultoria de eficiência operacional	US $ 925 milhões

Receitas de projeto baseadas em desempenho

As receitas de projeto baseadas em desempenho atingiram US $ 1,24 bilhão em 2023, representando 5,8% da receita total.

• Contratos de desempenho do projeto offshore: US $ 620 milhões
• Otimização não convencional de recursos: US $ 420 milhões
• Projetos aprimorados de recuperação de petróleo: US $ 200 milhões

Assinaturas de solução digital

As assinaturas de solução digital geraram US $ 450 milhões em 2023, compreendendo 2,1% da receita total.

Tipo de solução digital	Receita de assinatura (2023)
Plataformas de monitoramento em tempo real	US $ 210 milhões
Software de manutenção preditiva	US $ 150 milhões
Assinaturas de análise de dados	US $ 90 milhões

Halliburton Company (HAL) - Canvas Business Model: Value Propositions

You're looking at the core promises Halliburton Company makes to its clients, the tangible benefits they deliver that keep them a cornerstone of the energy services market. Honestly, it's about engineering certainty in an uncertain world, backed by some serious 2025 performance figures.

Maximizing asset value for customers across the entire reservoir lifecycle

Halliburton Company explicitly states its value proposition is to 'collaborate and engineer solutions to maximize asset value for our customers' across the entire reservoir lifecycle, from exploration through abandonment. This comprehensive approach is reflected in the segment performance. For instance, the Completion and Production segment, which handles the later stages of the lifecycle, generated revenue of $3.2 billion in the third quarter of 2025 alone. The company is focused on ensuring that every asset delivers its maximum potential over its life.

Providing technology-driven operational efficiency and differentiated performance

The drive for efficiency is clear in the technology deployment and margin performance. Halliburton Company is pushing differentiated performance through digital tools. The Drilling and Evaluation segment, which covers the initial stages, brought in $2.3 billion in revenue during the second quarter of 2025. Management is focused on maintaining strong profitability even when the market softens; the third quarter of 2025 saw an adjusted operating margin of 13%. This level of performance is what management points to as evidence of their technology advantages.

Offering integrated solutions for complex well construction and intervention

Delivering integrated solutions means combining multiple services-like drilling fluids, directional drilling, and cementing-into a seamless package for complex projects. The total company revenue for the second quarter of 2025 reached $5.5 billion, showcasing the scale of their integrated service delivery. This is supported by specific service line performance, such as the improved pressure pumping services and higher completion tool sales contributing to the sequential revenue increase in the Completion and Production segment in Q2 2025.

Here's a look at how the revenue was split across the main business segments in Q3 2025:

Segment	Q3 2025 Revenue (Millions USD)	Sequential Change from Q2 2025
Completion and Production	3,200	Increase of 2% (+$52 million)
Drilling and Evaluation (Implied from Total)	Approximately 2,400 (Calculated)	Varies by sub-segment

Enabling energy transition through geothermal and lithium extraction expertise

Halliburton Company is actively applying its core subsurface expertise to the energy transition. A concrete example is the contract secured with GeoFrame Energy to plan and design the first demonstration phase wells for a geothermal and direct lithium extraction (DLE) project in the Smackover Formation in East Texas, with work expected to start in late 2025. This shows a direct translation of existing well construction and reservoir knowledge into new energy frontiers.

Delivering autonomous and intelligent drilling/fracturing for reduced human risk

Reducing human risk and increasing precision through automation is a major value driver. Halliburton Company achieved the world's first closed-loop, autonomous fracturing operation in 2025. The company utilizes systems like the Zeus IQ autonomous fracturing system and the iCruise® Force intelligent rotary steerable system. Furthermore, technologies like RoboWell, co-developed with Halliburton, allow wells to self-operate, delivering measurable benefits in commercial use across hundreds of wells, including up to a 5% increase in well production and a 50% reduction in well movement. The use of these systems in areas like the Permian Basin allows rigs to operate 24/7 without breaks, leading to drilling 20-30 percent faster in some applications.

The focus on intelligent operations translates to clear operational advantages:

• Achieved the world's first closed-loop, autonomous fracturing operation.
• LOGIX™ automation and remote operations solutions enable remote execution of cementing.
• iCruise and Geo-Pilot systems drill with precision humans cannot replicate.
• RoboWell technology offers up to a 30% gas-lift optimization.
• The company repurchased approximately $250 million of common stock in Q3 2025, signaling confidence in shareholder value derived from disciplined operations.

Finance: draft 13-week cash view by Friday.

Halliburton Company (HAL) - Canvas Business Model: Customer Relationships

You're looking at how Halliburton Company builds and maintains its connections with the energy operators it serves. It's a mix of deep, personal engagement and scalable digital tools.

Dedicated account management and long-term service contracts are central to securing revenue visibility. Halliburton Company sometimes enters into integrated project management services via long-term, fixed-price contracts, often required by National Oil Companies (NOCs). As of the latest available data, revenue allocated to remaining performance obligations for these long-term contracts was reported as not material to consolidated financial statements, though this can shift with new large awards. For instance, Halliburton Company recently supported U.S. troops with new and existing support contracts valued in excess of $9 billion combined. Separately, a competitively bid contract for the southern oil fields had a maximum value of up to $1.2 billion over a 24-month period plus options. These structures aim for sticky revenue streams.

The relationship moves beyond simple transactions through collaborative engineering to customize solutions for specific reservoir challenges. A clear example is the framework agreement signed with Shell to provide umbilical-less tubing hanger installation and retrieval services using Remote Operated Control System (ROCS) technology, following a successful three-well technology phase in the Gulf of America. This signals a deep, joint effort to implement novel technology in challenging deepwater environments.

You see a commitment to high-touch, expert-led field service and technical support. This human element is crucial for complex operations. The trend in the industry suggests that workers previously focused on manual monitoring and control activities can be redeployed to optimization analysis, strategic planning, and customer relationship management functions, indicating a shift in where expert time is spent.

Finally, Halliburton Company pushes for digital self-service via DecisionSpace 365 for real-time data and analytics. This suite of cloud applications offers modular, open, and plug-and-play solutions. The DecisionSpace 365 Essentials offering utilizes Amazon Web Services (AWS) to provide a fully automated customer experience, including rapid onboarding, all under a fixed monthly subscription pricing model. This platform allows customers to consume secure, anytime, and anywhere access to cloud applications and integrate third-party tools via its open architecture.

Here's a look at some relationship-relevant contract structures and scale:

Relationship Type/Contract Detail	Example/Metric	Data Year/Context
Total Value of Combined Support Contracts (US Troops)	Exceeding $9 billion	2025 (Reported)
Maximum Value of Specific Oil Field Contract	$1.2 billion	Contract Duration (24-month base plus options)
Framework Agreement for Advanced Technology	ROCS technology with Shell	2025 (Reported)
Revenue Allocation for Long-Term Contracts	Not material	As of December 31, 2020 (Latest available context)

The core of the relationship strategy involves these key touchpoints:

• Securing firm contracts for future revenue recognition.
• Collaborating on proprietary technology deployment like ROCS.
• Offering enterprise-scale software via fixed monthly subscriptions.
• Conducting periodic supplier performance reviews to ensure adherence to pricing.

Finance: draft 13-week cash view by Friday.

Halliburton Company (HAL) - Canvas Business Model: Channels

You're looking at how Halliburton Company gets its services and technology into the hands of its global customer base as of late 2025. It's a massive, multi-pronged approach, blending boots-on-the-ground expertise with serious digital infrastructure.

Direct sales and service teams operating in over 70 countries

Halliburton Company maintains a vast direct sales and service presence, conducting business in approximately 70 countries globally. This direct engagement is key to delivering their Completion and Production segment services, which brought in $3.2 billion in revenue during the third quarter of 2025. To be fair, the international business is the dominant channel, with >55% of Halliburton Company's total third quarter 2025 revenue of $5.6 billion coming from international markets. The direct teams are structured across four primary geographic regions: North America, Latin America, Europe/Africa/CIS, and Middle East/Asia. For instance, the Latin America region, which generated $996 million in revenue in Q3 2025, relies heavily on these local teams.

The geographic revenue split for the third quarter of 2025 gives you a clear picture of where these direct channels are most active:

Geographic Region	Q3 2025 Revenue	Sequential Change
International (Total)	$3.2 billion	Flat
Latin America	$996 million	Increase of 2%
Europe / Africa / CIS	$828 million	Flat sequentially

Global network of field service centers and logistics hubs

The physical backbone supporting these direct teams involves a global network of operational centers. While specific numbers for field service centers aren't public, Halliburton Company has been aggressively optimizing its internal infrastructure to support its digital push. Between 2021 and 2024, the company consolidated its internal global data center footprint from 12 facilities down to 5, showing a clear move toward centralized, efficient operational support. Furthermore, in October 2025, Halliburton Company announced a strategic collaboration and a 20% ownership stake in VoltaGrid, a specialized provider of distributed power solutions. This move signals a new channel capability, leveraging logistics expertise to deliver firm energy solutions outside traditional infrastructure, which is critical for remote operations monitoring.

Digital platforms for software sales and remote operations monitoring

Digital delivery is a growing channel, driving differentiation. Halliburton Company is pushing its DecisionSpace® 365 software suite, which covers Subsurface, Well Construction, and Production applications. They recently unveiled the next generation Summit Knowledge® (SK™) digital ecosystem, featuring tools like SK Well Pages for ESP workspace management. This digital focus earned Halliburton Company and Nabors Industries the Digital Enabler of the Year award, recognizing the unified platform formed by Halliburton Company's LOGIX™ automation and remote operations and Nabors' SmartROS® system. This allows for remote monitoring and consistent, repeatable performance delivery, effectively selling expertise as a digital service.

Integrated project management teams for large, complex contracts

For the most complex undertakings, Halliburton Company uses integrated project management teams as a primary channel. This approach is explicitly noted as a driver for revenue growth in certain areas. Specifically, the 2% sequential increase in Latin America revenue to $996 million in Q3 2025 was partly driven by higher project management activity across the region. These teams bundle multiple service lines-from drilling to completions-into a single, managed contract, simplifying the client interface for major developments.

You should check the Q4 2025 guidance to see if the focus on integrated project execution is expected to continue driving international revenue growth.

Halliburton Company (HAL) - Canvas Business Model: Customer Segments

Halliburton Company (HAL) serves a global customer base spanning traditional oil and gas majors to newer energy ventures. The company's revenue distribution across geographies in the third quarter of 2025 gives insight into where its primary customer activity lies.

The total company revenue for Halliburton Company in the third quarter of 2025 was $5.6 billion. The company employed approximately 48,000 people in Fiscal Year 2025.

The customer base is segmented by operational focus, which correlates with geographic performance:

• Major International Oil Companies (IOCs) and Independent Operators are served across all international regions, with activity noted in Norway, Saudi Arabia, and Brazil.
• National Oil Companies (NOCs) focused on long-term resource development are heavily represented in the Middle East/Asia segment, which generated $1.41 billion in revenue in the third quarter of 2025.
• Unconventional resource producers (shale, tight oil) in North America are the primary drivers of the North America revenue segment, which was $2.36 billion in the third quarter of 2025. The CEO noted executing strategy to Maximize Value with leading operators in North America.
• Emerging energy companies in geothermal, CCS, and critical minerals (DLE) are integrated into international growth engines, with contracts awarded extending through 2026 and beyond.

You can see the geographic revenue split, which reflects the current customer activity levels, in the table below:

Geographic Region	Q3 2025 Revenue Amount	Sequential Change Context
International Total (Europe/Africa/CIS + Middle East/Asia + Latin America)	Approximately $3.239 billion (Calculated from component parts)	International revenue was $3.2 billion in Q2 2025.
North America	$2.36 billion	Revenue stood at $2.3 billion in Q2 2025.
Europe, Africa, and CIS	$828 million	Increased by 15% year-over-year.
Middle East and Asia	$1.41 billion	Decreased by 8.1% year-over-year.
Latin America	$996 million	Increased by 2% sequentially from Q2 2025.

The Completion and Production segment, which is heavily tied to completion and artificial lift activity for existing and new wells, generated $3.2 billion in revenue in the third quarter of 2025. The Drilling and Evaluation segment, tied to the initial drilling phase, generated $2.4 billion in the same period.

The company's adjusted operating margin for the third quarter of 2025 was 13%.

Halliburton Company (HAL) - Canvas Business Model: Cost Structure

You're looking at the major drains on Halliburton Company's bottom line as of late 2025. The cost structure here is heavily weighted toward maintaining a massive, global operational footprint, which means significant upfront and ongoing spending.

High capital expenditure (CapEx) for equipment and technology is a constant. For the first quarter of 2025, Halliburton Company reported Capital Expenditures of $302 million, which management noted was aligned with an expected spend of approximately 6% of revenue for that period. Looking at the third quarter of 2025, CapEx was slightly lower at $261 million. For the full fiscal year 2025, estimates pointed toward a total CAPEX around $1,283 million.

The company carries significant fixed costs related to maintaining global infrastructure and fleet. These are the costs you incur whether the oil price is up or down, like keeping facilities ready and equipment maintained across 70 countries. To manage this, Halliburton Company implemented cost-control measures expected to save $400 million annually, which translates to about $100 million per quarter in projected savings as of late 2025.

Personnel costs are substantial, reflecting the need for highly skilled engineers and field personnel. While direct labor costs aren't broken out as a single line item here, restructuring activities give us a hint of the scale of personnel-related expenses. For instance, Halliburton Company recognized a $63 million severance expense as part of strategic initiatives to rationalize its global headcount early in 2025. Also, the 'availability and cost of highly skilled labor and raw materials' is explicitly listed as a risk factor, showing its direct impact on operational costs.

Investment in the future, specifically Research and Development (R&D) investment in digital and new energy technologies, is another key cost center. This isn't just abstract spending; it's concrete investment in physical assets and systems. Halliburton Company's R&D team completed its new 2,700-square-foot Vertical Test Facility in Tulsa, Oklahoma, designed for full system integration testing. On the digital front, the company spent $30 million on SAP S4 migration during Q1 2025 alone, showing a direct cost to upgrade core enterprise technology.

Finally, you have to account for non-recurring, but significant, charges. Halliburton Company recognized $356 million in impairments and other charges during Q1 2025. This figure was primarily attributed to severance costs and asset impairments. Later in the year, for the third quarter of 2025, this line item was even higher, totaling a $540 million charge related to 'Impairments and other charges' and other items.

Here's a quick look at some key 2025 financial metrics to put these costs in context:

Metric	Q1 2025 Amount (Millions USD)	Q3 2025 Amount (Millions USD)
Total Revenue	$5,417	$5,600
Capital Expenditures (CapEx)	$302	$261
Impairments and Other Charges	$356	$540
Operating Income (Reported)	$431	Flat with Q2 2025 (Operating Income $514 million)
Adjusted Operating Income	$787	N/A

The cost structure is clearly dominated by the physical assets required to service the well lifecycle, which necessitates high CapEx and the fixed costs to support that fleet. The adjustments for impairments and technology upgrades show where the company is actively managing or absorbing one-time hits.

• Severance expense recognized in early 2025: $63 million
• SAP S4 migration spend in Q1 2025: $30 million
• Projected annual cost savings from cuts: $400 million
• Q1 2025 Capital Expenditures: $302 million

Finance: draft the Q4 2025 cost variance analysis against budget by next Tuesday.

Halliburton Company (HAL) - Canvas Business Model: Revenue Streams

You're looking at how Halliburton Company brings in its money as of late 2025, focusing on the hard numbers from the latest reports. The core of the business remains split between two major segments, but the mix is always shifting based on global activity.

For the third quarter of 2025, the total revenue hit $5.6 billion, up from $5.5 billion in the second quarter of 2025. This revenue is primarily generated through the delivery of services and the sale of equipment across the well lifecycle.

Here's a look at the segment revenue breakdown for Q3 2025:

Revenue Stream Category	Q3 2025 Revenue (Millions USD)	Sequential Change (Q2 2025 to Q3 2025)
Completion and Production services revenue	$3,223	Increase of 2%
Drilling and Evaluation services revenue	$2,377	Increase of 2%
Total Company Revenue	$5,600	Increase of 2%

The Completion and Production services revenue for Q3 2025 was $3.2 billion. This was driven by higher completion tool sales and increased artificial lift activity, particularly in North America. Still, this was partially offset by lower international completion tool sales.

Drilling and Evaluation services revenue for the same period was $2.4 billion. The sequential growth here was mainly due to higher project management activity in Latin America and increased drilling services across North America and Europe/Africa.

Beyond the main segment reporting, Halliburton Company's revenue streams include several other key components:

• Software and digital solution licensing fees, with growth noted in software sales in Europe/Africa during Q3 2025.
• Integrated project management fees, which were a driver for the Drilling and Evaluation revenue increase in Latin America.
• Long-term contract payments, including meaningful offshore work awarded in the first quarter of 2025 extending through 2026 and beyond.
• Revenue from new energy services like Direct Lithium Extraction (DLE) and geothermal well design; Halliburton won a contract for a DLE and geothermal project in East Texas, with work expected to start in late 2025.

To be fair, software sales globally saw a sequential decrease in Q2 2025, showing that licensing revenue can be lumpy. Finance: draft 13-week cash view by Friday.