Halliburton Company announced on Tuesday that its revenue in the fourth trimester of 2022 saw an annual growth of 30% to arrive at $5.6 billion. The company's net income recorded $656 million in the same period, going down by 20.3% from $824 million year-over-year. At the same time, its diluted earnings per share (EPS) declined by 21.7% annually to reach $0.72.
The company also declared its full-year results, reporting its total revenue soared by 33% compared to 2021 to arrive at $20.3 billion. Moreover, the energy industry giant shared that it will increase its dividend to $0.16 per share from this quarter onwards.
"Halliburton’s exceptional financial performance is a clear result of executing our strategic priorities - to maximize value in North America, deliver profitable international growth, and drive capital efficiency," CEO Jeff Miller remarked, adding that he is confident in the company's "strong outlook."
Halliburton's shares advanced 1.06% in premarket trading after the report was released.
