Halliburton Reports 3Q25 Profit, Mixed Activity in Latin America

Halliburton reported a net income of US$18 million, or US$0.02 per diluted share, for 3Q25, driven by steady international operations and gains in North America but offset by lower activity in key markets such as Mexico and Saudi Arabia. The Houston-based oilfield services firm said its adjusted net income was US$496 million up from US$472 million in the previous quarter. Total revenue reached US$5.6 billion, a slight increase from US$5.5 billion in the second quarter.

Chairman, President, and CEO Jeff Miller said Halliburton’s focus on operational efficiency and strategic investments continues to yield results despite uneven market dynamics. “We delivered total company revenue of US$5.6 billion dollars and adjusted operating margin of 13%. We also took steps that will deliver estimated savings of US$100 million dollars per quarter, reset our 2026 capital budget and idled equipment that no longer meets our return expectations,” Miller stated. He added that the company’s “value proposition is winning with customers” internationally, while in North America, the company continues to prioritize returns, technology leadership, and collaboration with leading operators.

By region, Halliburton’s North American operations generated US$2.4 billion in revenue, up 5% quarter-over-quarter. The increase was largely supported by stronger stimulation activity in the United States and Canada, as well as higher completion tool sales and increased wireline activity in the Gulf of Mexico. However, the company faced lower cementing activity onshore in the US and weaker stimulation work offshore.

International revenue totaled US$3.2 billion, unchanged from the previous quarter. Within this category, Latin America contributed US$996 million, up 2%, supported by stronger project management across the region and increased drilling in Argentina. This growth was partially offset by decreased activity across several product service lines in Mexico and weaker completion tool sales in Brazil.

The company’s results underscore ongoing shifts in global oilfield activity, with Latin America maintaining steady growth and North America showing signs of resilience. In Mexico, industry analysts note that lower activity from major service providers such as Halliburton could signal a slowdown in upstream projects amid regulatory uncertainty and delayed payments from state operator PEMEX.