Halliburton Company NYSE HAL booked higher net income for the third quarter compared to both the second quarter of 2023 and the third quarter of last year amid strong international demand for drilling services. The oilfield services provider, one of the world’s top three such companies and the leader in U.S. fracking, reported on Tuesday a net income of $716 million, or $0.79 per diluted share, for the third quarter of 2023.
“I am pleased with the stability of our North America business and the profitability of our International growth,” chairman, president, and CEO Jeff Miller said in a statement. “Everything I see today strengthens my conviction in the long duration of this upcycle. Against this backdrop, we expect continued demand growth for oilfield services in 2024 and beyond,” Miller added.