Stock Analysis on Net

Halliburton Co. (NYSE:HAL)

$22.49

This company has been moved to the archive! The financial data has not been updated since February 13, 2019.

Analysis of Revenues

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Revenues as Reported

Halliburton Co., income statement, revenues

US$ in millions

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12 months ended: Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015 Dec 31, 2014
Completion and Production
Drilling and Evaluation
Revenue

Based on: 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31).


Overall Revenue Trend
The total revenue demonstrated a significant decline from 32,870 million US dollars in 2014 to 15,887 million US dollars in 2016, marking roughly a 52% reduction over two years. However, post-2016, revenue figures show a recovery trend, increasing to 20,620 million US dollars in 2017 and further to 23,995 million US dollars by 2018, indicating a gradual rebound from the prior trough.
Completion and Production Segment
This segment's revenue mirrored the overall company revenue trend but with notable fluctuations. From 20,253 million US dollars in 2014, it sharply decreased to a low of 8,882 million in 2016, indicating a considerable contraction. Subsequently, there was a resurgence, with revenues rising to 13,077 million in 2017 and continuing upward to 15,973 million in 2018. The recovery phase, while substantial, had not yet reached the initial 2014 levels by 2018.
Drilling and Evaluation Segment
This segment exhibited a decline as well, beginning at 12,617 million US dollars in 2014 and decreasing steadily to 7,005 million in 2016. Unlike the Recovery and Production segment, the recovery in Drilling and Evaluation was more modest, with a slight increase to 7,543 million in 2017 and 8,022 million in 2018. Despite this upward movement, the segment's revenue remained well below the 2014 peak by the end of the period.
Segment Contribution and Dynamics
The data indicates that the Completion and Production segment contributed a larger portion of the total revenue throughout the period under review. Both segments experienced declines between 2014 and 2016, consistent with a broader industry downturn or company-specific challenges during that timeframe. The recovery in revenue from 2017 onwards suggests improving conditions or successful strategic adjustments, although neither segment returned to their respective peak revenue levels from 2014 within the period analyzed.