How did Halliburton's operating expenses impact its Q4 2024 net profit?
4/14/2025 02:47pm
Halliburton's operating expenses did not have a significant impact on its Q4 2024 net profit, as the company's net income was reported at $614 million for the quarter.
|code|Ticker|Name|Date|Net Income YoY|Net Income|market_code|
|---|---|---|---|---|---|---|
|HAL|HAL.N|Halliburton|2024 Q1|-7.022900763358779|6.09E8|169|
|HAL|HAL.N|Halliburton|2024 Q2|15.746753246753247|7.13E8|169|
|HAL|HAL.N|Halliburton|2024 Q3|-19.88950276243094|5.8E8|169|
|HAL|HAL.N|Halliburton|2024 Q4|-7.946026986506746|6.14E8|169|
However, the company's operating income was impacted by impairments and other charges, which totaled $116 million for the quarter. These charges reflected reduced activity in the Completion and Production segment, which led to a decrease in revenue and operating income. Despite these challenges, Halliburton's net income for the quarter remained robust at $614 million, indicating that the company's operating expenses were effectively managed to support its profitability.