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Halliburton's Strong International Performance Lifts Q1 Revenue Amid North American Challenges

Halliburton Company (NYSE:HAL) reported first-quarter 2024 revenue growth of 2.2% year-over-year to $5.804 billion, beating the consensus of $5.668 billion. Completion and Production revenue was $3.4 billion, slightly down from 2023. Operating income rose 3% to $688 million, fueled by diverse global service improvements and higher product sales. Drilling and Evaluation revenue rose 7% to $2.4 billion, with operating income up 8% at $398 million, driven by increased drilling services in the Middle East and North America despite some regional ...