Vitality large Halliburton Firm (NYSE: HAL) Tuesday introduced monetary outcomes for the primary quarter of 2024, reporting decrease earnings and a modest enhance in revenues.
First-quarter income edged up 2% yearly to $5.8 billion. A decline within the North American area was greater than offset by income progress in different geographical segments.
In the meantime, internet revenue decreased to $606 million or $0.68 per share within the March quarter from $651 million or $0.72 per share within the comparable interval a 12 months earlier. First-quarter working margin got here in at 17%.
“Halliburton delivered solid first quarter results that again demonstrated the power of our strategy and the strength of our execution. Activity in North America recovered from fourth quarter lows, and our international business delivered its 11th consecutive quarter of year-on-year growth,” stated Jeff Miller, CEO of Halliburton.
