News listings

energy-pedia general news

Halliburton announces Q4 2022 results

24 Jan 2023

  • 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.
Photo - see caption

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.

Click here for full announcement

Source: Halliburton

Bookmark and Share

A global information service for upstream oil and gas opportunities - divestitures, farmins and farmouts and licensing rounds.

Subscriber Only Deals

Current Deals

Current Upstream Deals: 257

Completed Deals

Completed Upstream Deals: 6543

Company Profiles

Current Company Profiles: 2909

Corporate Activity

Current Corporate Activity articles: 4121

Companies Looking

Current number of articles: 466

Company Sales

Current Company Sales articles:1648


Current Geostudies articles: 959

How to subscribe

energy-pedia Jobs

RSS Feed Widget
See all jobs...

energy-pedia Databank

The energy-pedia databank contains links to information on the world financial and energy markets, including share prices, oil and gas prices and the global stock exchanges. Read more...

energy-pedia Glossary

A list of commonly used terms in the oil and gas industry. Read more...


Subscribe to the FREE
energy-pedia Daily Newsletter

Telos NRG
Union Jack Oil 149
Government of South Australia
Rose & Assocs
About energy-pedia

energy-pedia news is a FREE news service written and edited by E and P professionals for E and P professionals.

We don't just report the news, we give you the technical background as well, with additional information derived from our unique energy-pedia opportunities service.
Contact us

energy365 Ltd

238 High Street
London Colney
St Albans

Tel: +44(0)1727 822675