Business Description
Halliburton Co (Halliburton) provides products and services to the energy industry, serving the upstream oil and gas sector throughout the life cycle of the reservoir.
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R&D Overview
The company conducts R&D to improve products, processes and engineering standards and practices. In FY2021, it spent US$321 million on R&D, which constituted 2.1% of its revenue and increased 3.9% YoY.
Business Segments
Overview
Delivers cementing, pressure control, stimulation, intervention, specialty chemicals, and artificial lift and completion services. Includes service lines of production enhancement, cementing, completion tools, production solutions, pipeline and process services, multi-chem and artificial lift. Major facilities are in Arbroath, the UK; Johor Bahru, Malaysia; and Lafayette, Louisiana. In FY2021, the segment’s capital expenditure stood at US$402 million, which increase 28% YoY.
Performance
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Overview
Provides field and reservoir modeling, drilling, evaluation and precise wellbore placement solutions for well construction. Its product service lines include baroid, Sperry drilling, wireline and perforating, drill bits and services, landmark software and services, testing and subsea and consulting and project management. Major facilities are in Alvarado, Texas; and The Woodlands, Texas. In FY2021, the segment’s capital expenditure stood at US$392 million, which decreased -4.4% YoY.
Performance
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Geographical Segments
Performance
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Performance
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Performance
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Performance
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