Halliburton's revenue 2008-2018

Halliburton generated 24 billion U.S. dollars in revenue in 2018, an increase of nearly four million dollars from the previous year. Haliburton’s revenue has been recovering since 2016, after reaching the lowest point since the global financial crisis in 2009.

Global and national standing

Founded in 1919 in Houston, Texas, Halliburton is one of the largest oil field service companies in the world with a presence in over 70 countries. Halliburton’s revenue ranks sixth worldwide among leading oil equipment and oil services providers. However, Halliburton ranks lower in terms of market capitalization — or the company’s worth on the stock market — among other U.S. competitors. In recent years, Halliburton has been struggling to maintain the strong growth it had in 2017 and 2018, largely centered on the North American shale business.

Shale and the world oil glut

After the 2008 financial crisis, hydraulic fracturing was developed to affordably extract shale oil that was once out of reach in the United States and increase domestic production. Halliburton was a key player in rapidly expanding this technology, but shale oil production came to a head in 2014, leading to global oversupply. Revenue fell across many major companies in an event known as the 2010s oil glut.

Halliburton's revenue from 2008 to 2018

Revenue in billion U.S. dollars
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Source

Release date

February 2019

Region

Worldwide

Survey time period

2008 to 2018

Supplementary notes

This statistic was assembled from several annual reports.

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