Revenue Performance - Total company revenue for Q1 2025 was 5.4billion,a75.417 billion, a decrease of 7% compared to 5.804billioninQ12024[109]−CompletionandProductionsegmentrevenuedecreasedby83.120 billion, while Drilling and Evaluation revenue decreased by 6% to 2.297billioncomparedtoQ12024[109]−LatinAmericarevenuedecreasedby19896 million, mainly due to lower activity in Mexico[114] - Europe/Africa/CIS revenue increased by 6% to 775million,supportedbyimprovedactivityinNorwayandNamibia[115]−MiddleEast/Asiarevenueroseby61.510 billion, driven by increased activity in Kuwait and Saudi Arabia[116] Operating Income and Expenses - Operating income for Q1 2025 was 431million,includingimpairmentsandotherchargesof356 million, down from 987millioninQ12024[82]−OperatingincomeforQ12025was431 million, down 56% from 987millioninQ12024,primarilyduetoa356 million pre-tax charge for impairments and other charges[110][118] - The effective tax rate for Q1 2025 was 33.7%, significantly higher than 22.6% in Q1 2024, influenced by impairments and other charges[122] - The company recognized 30millioninSAPS4upgradeexpensesinQ12025,downfrom34 million in Q1 2024[117] Cash Flow and Capital Management - Cash flows from operating activities were 377millioninQ12025,withcapitalexpendituresof302 million[88][96] - As of March 31, 2025, the company had 1.8billionincashandequivalents,downfrom2.6 billion at the end of 2024[88] - The quarterly dividend rate is 0.17percommonshare,totalingapproximately147 million[90] - The company repurchased 9.6 million shares of common stock for $250 million in Q1 2025[91] Future Outlook - The company expects a negative impact on earnings per share in Q2 2025 due to a 10% decrease in crude oil prices since the end of Q1 2025[108]
Halliburton(HAL)2025-04-25 15:20