Management's Discussion and Analysis of Financial Condition and Results of Operations (MD&A) should be read in conjunction with the condensed consolidated financial statements included in "Item 1. Financial Statements" contained herein.
•Completion and Production delivers cementing, stimulation, intervention, pressure control, artificial lift, and completion products and services. The segment consists of Production Enhancement, Cementing, Completion Tools, Production Solutions, Artificial Lift, and Pipeline and Process Services.
The following charts depict revenue split between our two operating segments and our four primary geographic regions for the quarter ended June 30, 2022.
[[Image Removed: hal-20220630_g1.jpg]][[Image Removed: hal-20220630_g2.jpg]]
Financial results The following graph illustrates our revenue and operating margins for each operating segment for the second quarter of 2021 and 2022.
Our operating performance and liquidity are described in more detail in "Liquidity and Capital Resources" and "Business Environment and Results of Operations."
Table of Contents Part I. Item 2 | Liquidity and Capital Resources
As of June 30, 2022, we had $2.2 billion of cash and equivalents, compared to $3.0 billion of cash and equivalents at December 31, 2021.
Significant sources and uses of cash during the first six months of 2022
•Cash from operating activities was $326 million, which included a negative net impact of $810 million from the primary components of our working capital (receivables, inventories, and accounts payable).
•Capital expenditures were $410 million.
•We paid $217 million in dividends to our shareholders.
Table of Contents Part I. Item 2 | Liquidity and Capital Resources
Business Environment and Results of
BUSINESS ENVIRONMENT AND RESULTS OF OPERATIONS
The table below shows the average oil and natural gas prices for WTI, United Kingdom Brent crude oil, and Henry Hub natural gas.
(1) Oil price measured in dollars per barrel. (2) Natural gas price measured in dollars per million British thermal units (Btu), or MMBtu.
Business Environment and Results of
RESULTS OF OPERATIONS IN 2022 COMPARED TO 2021
Six Months Ended June 30, 2022 Compared with Six Months Ended June 30, 2021
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