Halliburton Company has reported steady revenue in its Europe, Africa, and Commonwealth of Independent States (CIS) region for the third quarter of 2025, driven largely by strong drilling activity in Namibia.
The oilfield services firm said regional revenue stood at US$828 million, remaining flat compared to the previous quarter, as solid performance in Namibia offset weaker results in other markets.
“These results show the resilience of our Africa operations, particularly in Namibia, where drilling activity continues to accelerate. Namibia remains a key growth frontier for Halliburton’s international portfolio,” said Jeff Miller, Halliburton’s Chairman, President and Chief Executive Officer.
Namibia’s growing role in Africa’s upstream oil and gas industry was a key highlight in the company’s results. Increased demand for drilling-related services in the country, coupled with improved completion tool sales in Norway, contributed to overall regional stability.
However, the company noted that these gains were partially offset by lower completion tool sales in the Caspian area and reduced fluid services across Europe.
“Our international value proposition continues to resonate with customers as we deliver differentiated performance both onshore and offshore. The growth engines in Africa and Europe are progressing according to plan,” Miller said.
Globally, Halliburton posted total revenue of US$5.6 billion for the third quarter, slightly higher than the US$5.5 billion recorded in the previous quarter. The company reported net income of US$18 million, or US$0.02 per diluted share, and adjusted net income of US$496 million, or US$0.58 per diluted share, excluding impairments and other charges.
“I am pleased with Halliburton’s third-quarter performance. We delivered solid revenue, maintained cost discipline, and implemented savings that will deliver around US$100 million per quarter while optimising our 2026 capital budget,” said Miller.
Halliburton said it continues to invest in innovation and operational efficiency to strengthen its international footprint. The company has recently rolled out new digital and automation technologies and secured contracts to support carbon capture and storage projects, underscoring its commitment to both energy growth and sustainability.
“We remain committed to technology leadership and disciplined growth. Our focus is on delivering long-term value through efficiency, innovation, and consistent performance across our global markets,” Miller added.
