Every material Form 8-K Halliburton filed with the SEC in 2025, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Halliburton appointed Jeffrey Shannon Slocum, currently president of the Eastern Hemisphere, as executive vice president and chief operating officer effective January 1, 2026, and added him to the 13-member board as a management director. Slocum will be responsible for global operations, business development, health, safety and environment, and global technology, reporting to chairman, president and CEO Jeff Miller. The change shifts operating responsibility to a new leader and expands the board, though the filing contains no financial results or guidance.
Slocum's base salary is a minimum of $1,000,000 a year under his new executive agreement, effective January 1, 2026.
The board increases from 12 to 13 directors; Slocum's initial term runs until the 2026 Annual Meeting of Shareholders.
Rami Yassine, currently senior vice president for the Middle East North Africa region, succeeds Slocum as president, Eastern Hemisphere, with a minimum base salary of $800,000.
Halliburton's board increased its size from 11 to 12 directors and appointed Timothy A. Leach, a retired ConocoPhillips executive, effective December 2, 2025. Mr. Leach will stand for shareholder election at the 2026 Annual Meeting, and the filing describes no financial results or guidance changes.
Timothy A. Leach appointed to the board on December 2, 2025; board expanded from 11 to 12 directors.
Leach retired from ConocoPhillips in August 2025 after a 40-year career; previously chairman and CEO of Concho Resources.
Initial equity award of restricted stock units valued at $200,000; indemnification agreement signed December 2, 2025.
Board expects to appoint Leach to committees in February 2026.
Halliburton reported third quarter 2025 net income attributable to the company of $18 million, or $0.02 per diluted share, down from $472 million, or $0.55 per share, in the second quarter. Revenue rose to $5.6 billion from $5.5 billion, but the company recorded $392 million in impairments and other charges, including severance costs, and a $125 million tax valuation allowance. Excluding these items, adjusted net income was $496 million, or $0.58 per diluted share, compared with $0.73 a year earlier.
Net income of $18 million, or $0.02 per diluted share, versus $0.55 in Q2 2025 and $0.65 in Q3 2024
Adjusted net income of $496 million, or $0.58 per diluted share, versus $0.73 in Q3 2024
Revenue of $5.6 billion; operating income of $356 million versus $727 million in Q2 2025
Repurchased approximately $250 million of stock; the company cites estimated savings of $100 million per quarter
On August 18, 2025, Halliburton entered into a new $3.5 billion five-year revolving credit agreement with Citibank as agent, and terminated its existing $3.5 billion 2022 credit agreement that the new facility replaces. The filing says the new agreement is for general working capital purposes and runs to August 16, 2030, but it does not describe any change in borrowing capacity or pricing.
New $3.5 billion five-year revolving credit agreement dated August 18, 2025, with Halliburton Operations Finance Company, LLC as co-borrower
Stated termination date of the new agreement is August 16, 2030
Replaces the 2022 Credit Agreement dated April 27, 2022, which had the same $3.5 billion size
Citibank, N.A. serves as agent under both agreements
Halliburton reported second-quarter 2025 net income of $472 million, or $0.55 per diluted share, on revenue of $5.5 billion, compared with $709 million, or $0.80 per share, a year earlier. The CEO said the oilfield services market will be softer than he previously expected over the short to medium term, and that the company will take action to address the near-term softness.
Q2 2025 net income $472 million ($0.55 per diluted share) vs. $709 million ($0.80) in Q2 2024 and $204 million ($0.24) in Q1 2025
Revenue $5.5 billion, up from $5.4 billion in Q1 2025 but down from $5.8 billion in Q2 2024; operating income $727 million vs. $1,032 million a year earlier
Repurchased approximately $250 million of common stock and paid dividends of $0.17 per share in the quarter
Free cash flow of approximately $582 million in the quarter
Halliburton said Stephanie Holzhauser will become senior vice president and chief accounting officer on July 16, 2025, replacing Charles E. Geer Jr., who is leaving to pursue an opportunity outside the energy services industry. The filing states Geer's departure was not the result of any disagreement with the company on operations, policies or practices, and Holzhauser will serve as the principal accounting officer.
Charles E. Geer Jr. gave notice of resignation on July 8, 2025, effective July 16, 2025 as chief accounting officer and July 31, 2025 as senior vice president.
The Board appointed Stephanie Holzhauser on July 9, 2025; she has been vice president of operations finance at Halliburton since April 2023.
Her employment agreement provides for a minimum annual base salary of $450,000 and participation in the company's incentive and equity plans.
The filing discloses that her brother, Phillip Spoelker, a non-executive employee, received total compensation of about $240,000 from January 1, 2024 through June 30, 2025.
Halliburton reported first-quarter 2025 results, with revenue of $5.4 billion, down from $5.8 billion a year earlier. Net income fell to $204 million, or $0.24 per diluted share, from $606 million, or $0.68, in the first quarter of 2024, after a $356 million pre-tax charge for severance, asset impairments and other items.
Revenue was $5.4 billion, compared with $5.8 billion in Q1 2024.
Net income was $204 million, or $0.24 per diluted share, versus $606 million, or $0.68, a year earlier.
Adjusted net income per diluted share was $0.60, compared with $0.76 in Q1 2024; the $356 million charge was excluded from the adjusted figure.
Halliburton repurchased approximately $250 million of its common stock and paid dividends of $0.17 per share during the quarter.
Halliburton reported fourth-quarter 2024 net income of $615 million, or $0.70 per diluted share, up from $0.65 in the third quarter but down from $0.74 a year earlier. Revenue fell to $5.6 billion from $5.7 billion in the third quarter, and management said it expects 2025 to be sequentially softer in North America.
Q4 2024 net income of $615 million, or $0.70 per diluted share, versus $0.65 in Q3 2024 and $0.74 in Q4 2023
Total revenue of $5.6 billion, compared with $5.7 billion in Q3 2024 and $5.7 billion in Q4 2023
Full-year 2024 revenue was $22.9 billion, flat versus 2023, and diluted EPS was $2.83 versus $2.92
Management expects 2025 to be sequentially softer in North America; the company repurchased about $309 million of stock in Q4 2024
Halliburton said director Bhavesh (Bob) V. Patel told the board on January 6, 2025, that he will not stand for re-election and will retire early to pursue other opportunities. He will remain a director until his term ends just before the May 21, 2025 annual shareholder meeting. The company said the decision did not stem from any disagreement with Halliburton over its operations, policies, or practices.
Patel notified the board on January 6, 2025.
He will not stand for re-election and will serve until just before the annual shareholder meeting on May 21, 2025.
Halliburton said the departure was not due to any disagreement on company operations, policies, or practices.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.
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