- Net income of $0.72 per diluted share.
- Operating margin of 17.5%, increased 460 basis points year-over-year.
- Full year revenue of $20.3 billion, increased 33% year-over-year.
- Full year operating income of $2.7 billion, increased 50% year-over-year.
- 2023 first quarter dividend increases by 33% to $0.16 per share.
Halliburton Company announced today net income of $656 million, or $0.72 per diluted share, for the fourth quarter of 2022. This compares to net income for the third quarter of 2022 of $544 million, or $0.60 per diluted share. Halliburton's total revenue for the fourth quarter of 2022 was $5.6 billion compared to total revenue of $5.4 billion in the third quarter of 2022. Operating income was $976 million in the fourth quarter of 2022 compared to operating income of $846 million in the third quarter of 2022.
Total revenue for the full year of 2022 was $20.3 billion, an increase of $5.0 billion, or 33% from 2021. Operating income for 2022 was $2.7 billion, and adjusted operating income was $3.1 billion, excluding impairments and other charges, compared to operating income of $1.8 billion for 2021.
'Halliburton's execution in 2022 demonstrated the earnings power of our strategy, and I expect this earnings power to strengthen in 2023 and beyond. Both operating divisions delivered strong margins in the international and North America markets,' commented Jeff Miller, Chairman, President and CEO.
'I am pleased to announce that our Board has adopted a capital returns framework and an increase in our dividend to sixteen cents ($0.16) per share beginning this quarter. This capital returns framework, our dividend increase, and the share buy backs we made during the fourth quarter demonstrate Halliburton's confidence in our business, customers, employees, and value proposition.
'I am confident in Halliburton's strong outlook and ability to generate increased returns for shareholders. Halliburton's exceptional financial performance is a clear result of executing our strategic priorities - to maximize value in North America, deliver profitable international growth and drive capital efficiency,' concluded Miller.
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Source: Halliburton
