Halliburton Company: A Tale Of Technological Innovation & A New Acquisition!

Halliburton, one of the largest oilfield services companies globally, recently held its first-quarter 2024 conference call that demonstrated robust performance. The company delivered a total revenue of $5.8 billion and an operating margin of 17%. Both divisions showcased improvement in margin year-over-year. The International revenue crossed $3.3 billion with a 12% year-on-year growth led by Latin America. However, the North American revenue saw a 5% increase over the previous quarter of 2023, reaching $2.5 billion. The company also reported generating $487 million of cash flow from operations and $206 million of free cash flow while repurchasing $250 million of common stock.