Halliburton Company announced on Wednesday that its revenue in the fourth trimester of 2024 saw a fall of 2% to arrive at $5.6 billion. The company's net income attributable to the company recorded $615 million in the same period, dropping by 7% from $661 million year-over-year. At the same time, its diluted earnings per share (EPS) went down by 5% annually to reach $0.70 from $0.74 in the same period last year.
The company also declared its full-year results, reporting its total revenue decreased by 0.32% compared to 2023 to arrive at $23 billion. "I am excited about the long term outlook for Halliburton. I expect to execute our value proposition, deepen our technology portfolio, and drive value through our growth engines: drilling technology, unconventionals, well intervention, and artificial lift," Halliburton CEO Jeff Miller remarked.
