Halliburton's revenue 2009-2020

Halliburton generated 14.45 billion U.S. dollars in revenue in 2020. This was a decrease of around eight billion U.S. dollars from the previous year and follows a year that has seen the global oil industry struggling to adjust to steep demand decline and over-production in light of the coronavirus pandemic. Haliburton’s revenue in 2020 was lower than during the 2009 recession and 2016 oil crisis.

Global and national standing

Founded in 1919 in Houston, Texas, Halliburton has a presence in over 70 countries and ranks among the leading oil equipment and services providers worldwide based on revenue. Halliburton is also one of the leading oil equipment and service providers by market capitalization - or the company’s worth on the stock market - and was valued at over 13 billion U.S. dollars in September 2020. 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, and U.S. shale oil production has climbed to an estimated 23.16 trillion cubic feet in 2020. Until 2050, unconventional oil production is expected to continue seeing year-on-year growth and reach over 30 trillion cubic feet in annual production by 2035.

Revenue of Halliburton from 2009 to 2020

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Source

Release date

February 2021

Region

Worldwide

Survey time period

2009 to 2020

Supplementary notes

This statistic was assembled from several annual reports.

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