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Halliburton closed 2024 with total revenue of $22.9 billion, driven by a 6% year-over-year growth in international markets, particularly in the Middle East Asia region. However, North American revenue declined by 8%, reflecting lower rig counts and reduced completion activities. The company generated $3.9 billion in cash from operations and returned $1.6 billion to shareholders through stock buybacks and dividends.
Looking ahead, Halliburton anticipates continued expansion in international markets, with strong growth opportunities in drilling technology and artificial lift solutions. These segments are expected to contribute an additional $2.5-$3 billion in revenue over the next few years.
Despite pricing pressures in North America, Halliburton remains confident in its technology-driven value proposition and its ability to deliver strong financial performance as it focuses on innovation and global market opportunities.
