Halliburton’s taxes in Mexico amounted to US$112 million in 2025, reflecting the scope of its operations in the country.
This figure corresponds to the income tax paid by the company in cash (net of refunds) during the year ending December 31, 2025.
Halliburton taxes in Mexico
Mexico consolidated its position as a relevant tax jurisdiction for Halliburton in 2025. Of the total US$603 million in taxes paid abroad, the country accounted for a significant portion, reflecting its weight within the company’s international tax structure.
In terms of competition, Halliburton operated against Schlumberger, Baker Hughes, and Weatherford. The rivalry focused on integrated oil services, drilling technology, and operational efficiency, within an environment characterized by energy volatility, capital discipline, and constant pressure for innovation.
During 2025, the company paid $639 million in income taxes. By jurisdiction, the largest payments were made in Mexico, with $112 million, followed by Saudi Arabia with $76 million and the United States with $36 million.
Financial performance showed a contraction. Total revenues fell 3% to $22.184 billion, while net income fell 49% to $1.283 billion. This result included extraordinary charges for asset impairment of $831 million.
The operating environment was marked by a reduction in rigs in North America and the impact of tariffs of $89 million. However, the company strengthened its liquidity by retiring $382 million in debt and accelerating the strategic adoption of its Zeus electric fleet.
Company profile
Halliburton is positioned as one of the largest global suppliers of products and services to the energy industry. Founded in 1919 and incorporated in Delaware in 1924, the company evolved from a local operation to an organization with an international presence.
The company has developed a service culture focused on major integrated and independent oil and natural gas producers. This approach has sustained its competitive position in complex and highly demanding energy markets.
Halliburton currently has more than 46,000 employees of 146 nationalities in more than 70 countries. Throughout the life cycle of the reservoir, it offers solutions ranging from exploration and geological analysis to drilling, well completion, and production optimization.