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Halliburton's Q2 Revenue Miss Highlights Challenges In US Market, Despite International Gains
Halliburton Company (NYSE:HAL) shares are trading lower after the company reported second-quarter 2024 revenue of $5.833 billion, missing the consensus of $5.949 billion.
Completion and Production revenue was $3.4 billion, flat Q/Q. Revenue growth from increased completion tool sales and stimulation activity abroad, as well as improved well-intervention services, was offset by lower stimulation and completion tool sales in the U.S. and decreased artificial lift services in North America.
Drilling and Evaluation revenue came in at $2.4 billion, flat Q/Q. Results benefitted from increased drilling services in ...