The Investor
23 Jan 2025, 07:46
Halliburton reported Q4 2024 net income of $615 million ($0.70 per diluted share) and revenue of $5.6 billion. Full-year revenue remained steady at $22.9 billion, while operating income totaled $3.8 billion. Free cash flow for the year reached $2.6 billion, with over $1.6 billion returned to shareholders through dividends and share buybacks.
In Q4, North America revenue declined 7% to $2.2 billion due to reduced stimulation activity, while international revenue grew 3% to $3.4 billion, driven by strong performance in the Middle East and Europe. The Completion and Production segment generated $3.2 billion in revenue, while Drilling and Evaluation contributed $2.4 billion.
Halliburton introduced advanced technologies, including the Intelli well intervention services and iCruise® Force system, and highlighted future growth through innovation and operational efficiency. The company remains confident in its long-term outlook despite near-term North American challenges.
In Q4, North America revenue declined 7% to $2.2 billion due to reduced stimulation activity, while international revenue grew 3% to $3.4 billion, driven by strong performance in the Middle East and Europe. The Completion and Production segment generated $3.2 billion in revenue, while Drilling and Evaluation contributed $2.4 billion.
Halliburton introduced advanced technologies, including the Intelli well intervention services and iCruise® Force system, and highlighted future growth through innovation and operational efficiency. The company remains confident in its long-term outlook despite near-term North American challenges.
