Halliburton: From Brazil to Vaca Muerta—A Game-Changing Growth Story in Latin America’s Next Energy Boom!

Halliburton Company reported its fourth-quarter 2025 financial results, demonstrating a mixed financial performance across its key business segments and geographic operations. Total company revenue reached $22.2 billion for the year, with adjusted operating margins at 14%. The international segment, although down 2% year-over-year, contributed $13.1 billion to the revenue, reflecting resilience despite declining rig counts, particularly in Saudi Arabia and Mexico. However, the international business saw declines, contrasting with growth in regions like Africa and parts of Latin America. North America presented challenges, with a 6% decrease in year-over-year revenue, reflecting reduced customer activity and a strategic decision to stack uneconomic fleets. There is anticipation of continued softness in the North American market, expecting a high single-digit revenue decline in 2026. Despite these challenges, Halliburton’s emphasis remains on maximizing value over market share in North America, focusing on technology and returns from viable equipment.