Sign Up for FREE Daily Energy News
Canadian Flag CDN NEWS  |  US Flag US NEWS  | TIMELY. FOCUSED. RELEVANT. FREE
  • Stay Connected
  • linkedin
  • twitter
  • facebook
  • youtube2
BREAKING NEWS:

Hazloc Heaters
Copper Tip Energy Services
Hazloc Heaters
Copper Tip Energy


Halliburton Profit Beats on International Strength


These translations are done via Google Translate

(Reuters) – Halliburton’s  fourth-quarter profit beat market expectations on Tuesday as strength in offshore and overseas drilling activities internationally boosted demand for oilfield services and equipment.

The Houston-based company said adjusted net income stood at 86 cents per share for the three months ended Dec. 31, compared with 80 cents per share according to LSEG analysts.

With better economics and averages internationally, oilfield services are setting their sights outside the United States to grow, with the North American segment dominated by higher efficiencies but fewer wells.

GLJ
ROO.AI Oil and Gas Field Service Software
Tarco | Delivering Engineered Solutions

International revenue rose 10% to $3.3 billion in the reported quarter year over year, while revenue from North America fell 7.7% to $2.4 billion.

Oil and gas rig count, an indicator of future production, stood at 948 in 2023 internationally, the highest since early 2020, per data from energy services firm Baker Hughes, while U.S. oil and gas rig count stood at 689 in 2023, down from 721 in 2022.

Reporting by Seher Dareen in Bengaluru; Editing by Maju Samuel

Share This:




More News Articles


GET ENERGYNOW’S DAILY EMAIL FOR FREE