Financial Overview

Halliburton Company reported a 2% decrease in its fourth-quarter revenue for 2024, totaling $5.6 billion. The company's net income also saw a downturn, dropping by 7% to $615 million from the previous year's $661 million. Additionally, diluted earnings per share (EPS) experienced a 5% decline, settling at $0.70 compared to $0.74 in the same period last year.

Annual Performance

Despite the quarterly dip, Halliburton's full-year revenue for 2024 was reported at $23 billion, marking a slight decrease of 0.32% from 2023. CEO Jeff Miller expressed optimism about the company's future, highlighting plans to enhance its value proposition, expand its technology portfolio, and focus on key growth areas such as drilling technology, unconventionals, well intervention, and artificial lift.