Halliburton 2011 Annual Report Download - page 96
Download and view the complete annual report
Please find page 96 of the 2011 Halliburton annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.-
1 -
2
-
3
-
4
-
5
-
6
-
7
-
8
-
9
-
10
-
11
-
12
-
13
-
14
-
15
-
16
-
17
-
18
-
19
-
20
-
21
-
22
-
23
-
24
-
25
-
26
-
27
-
28
-
29
-
30
-
31
-
32
-
33
-
34
-
35
-
36
-
37
-
38
-
39
-
40
-
41
-
42
-
43
-
44
-
45
-
46
-
47
-
48
-
49
-
50
-
51
-
52
-
53
-
54
-
55
-
56
-
57
-
58
-
59
-
60
-
61
-
62
-
63
-
64
-
65
-
66
-
67
-
68
-
69
-
70
-
71
-
72
-
73
-
74
-
75
-
76
-
77
-
78
-
79
-
80
-
81
-
82
-
83
-
84
-
85
-
86 -
87 -
88 -
89 -
90 -
91 -
92 -
93 -
94 -
95 -
96 -
97 -
98 -
99 -
100 -
101 -
102 -
103 -
104 -
105 -
106 -
107
-
108
-
109
-
110
-
111
-
112
-
113
-
114
-
115
-
116
-
117
-
118
-
119
-
120
-
121
-
122
-
123
-
124
-
125
-
126
-
127
-
128
-
129
-
130
-
131
-
132
-
133
-
134
-
135
-
136
-
137
-
138
-
139
-
140
-
141
-
142
-
143
-
144
-
145
-
146
-
147
 |
 |
81
Landmark Software and Services is a supplier of integrated exploration, drilling, and production
software information systems, as well as consulting and data management services for the upstream oil and
natural gas industry.
Halliburton Consulting and Project Management provides oilfield project management and
integrated solutions to independent, integrated, and national oil companies. These offerings make use of all
of our oilfield services, products, technologies, and project management capabilities to assist our customers
in optimizing the value of their oil and natural gas assets.
Corporate and other includes expenses related to support functions and corporate executives. Also
included are certain gains and losses that are not attributable to a particular business segment. “Corporate
and other” also represents assets not included in a business segment and is primarily composed of cash and
equivalents, deferred tax assets, and marketable securities.
Intersegment revenue and revenue between geographic areas are immaterial. Our equity in
earnings and losses of unconsolidated affiliates that are accounted for under the equity method of
accounting is included in revenue and operating income of the applicable segment.
The following tables present information on our business segments.
Operations by business segment
Year Ended December 31
Millions of dollars 2011 2010 2009
Revenue:
Completion and Production $ 15,143 $ 9,997 $ 7,419
Drilling and Evaluation 9,686 7,976 7,256
Total revenue $ 24,829 $ 17,973 $ 14,675
Operating income:
Completion and Production $ 3,733 $ 2,032 $ 1,016
Drilling and Evaluation 1,403 1,213 1,183
Total operations 5,136 3,245 2,199
Corporate and other (399) (236) (205)
Total operating income $ 4,737 $ 3,009 $ 1,994
Interest expense, net of interest income $ (263) $ (297) $ (285)
Other, net (25) (57) (27)
Income from continuing operations before
income taxes $ 4,449 $ 2,655 $ 1,682
Capital expenditures:
Completion and Production $ 1,669 $ 1,010 $ 900
Drilling and Evaluation 1,231 1,058 959
Corporate and other 53 1 5
Total $ 2,953 $ 2,069 $ 1,864
Depreciation, depletion, and amortization:
Completion and Production $ 680 $ 537 $ 437
Drilling and Evaluation 676 578 490
Corporate and other 3 4 4
Total $ 1,359 $ 1,119 $ 931