Halliburton Company, a leading oilfield services provider, announced robust financial results in its second-quarter earnings call, highlighting a mix of growth and challenges across different markets. The company reported a total revenue of $5.8 billion and an operating margin of 18%.
Total company revenue reached $5.8 billion with an 18% operating margin.
International revenue grew by 8% year-over-year, driven by a 10% increase in Latin America.
North America revenue saw an 8% decrease, in line with a 12% drop in rig count.
Both Drilling and Evaluation and Completion and Production divisions improved margins.
$1.1 billion generated in cash flow from operations, with $250 million used for stock repurchase.
Anticipated international revenue growth of about 10% and North America decline of 6% to 8% for the remainder of 2024.
Halliburton is investing in technology and expects at least 10% higher free cash flow in 2024 compared to 2023.
Halliburton valuation here https://www.growthvaluation.com/download-category/evaluations/