Connection

popular articles

Germany to import up to 70% of its hydrogen for decarbonization
Q ENERGY sells 33MW solar farm to AlphaReal
Avangrid launches Park City Wind Project in Connecticut
India completes the sale of O2 Power to JSW Neo Energy for USD 1.5 billion
Massive power cuts in Gabon, SEEG rations electricity

Halliburton results up: Optimism for 2024

Solid Growth and Encouraging Prospects for the Halliburton Group. Net profit is up 32%, and the outlook for 2024 is optimistic.
Halliburton pancarte

Please share:

Halliburton reported higher third-quarter earnings, driven by international business, and was optimistic about demand in 2024. Net profit came to $716 million, up 32% year-on-year, according to a press release issued on Tuesday. On a per-share basis and excluding exceptional items, the data most closely followed by the market, it reached 79 cents, above the 77 cents expected by analysts. Sales were also up (+8%), at $5.8 billion, but slightly below Wall Street projections ($5.85).

Halliburton Global Growth

Geographically, all the Group’s operating regions outside North America reported growth, with a special mention for Latin America (+25% year-on-year). Brazil, Argentina, Ecuador and Colombia all contributed to this sales growth. North America remains Halliburton’s main sales region, but experienced a slowdown in the three months from July to September (-1%).

International profitability

CEO Jeff Miller, quoted in the press release, praised “the profitability of international business”. The Houston, Texas-based group improved its operating margin to 17.9%, compared with 16% for the same period last year. On a quarter-on-quarter basis, margins improved in the international Production Division, while they remained virtually unchanged in North America.

Encouraging prospects for 2024

“Everything I’m seeing right now reinforces my belief that this bull cycle is going to last,” said the executive, referring to rising oil production, spurred by record demand. “Against this backdrop, we expect demand for oilfield services to continue to grow in 2024 and beyond,” continued Jeff Miller.

Halliburton’s solid growth and encouraging outlook for 2024 reflect a dynamic parapetroleum sector. The company is benefiting from global growth, particularly in Latin America, and continues to improve its profitability. Demand continues to grow, which is positive for the oil and gas industry as a whole.

Final Analysis
Halliburton’s international growth and optimism for 2024 are positive signs for the oil and gas industry. This iconic company shows that global demand for oil services remains robust. Increased oil production and geographic diversification are key to this success. The sector continues to play a vital role in the global economy, and the short- and medium-term outlook is promising.

Register free of charge for uninterrupted access.

Publicite

Latest news

Record-breaking 1.7 GW of US Community Solar Installed in 2024
Launch of the 100 MW Bramley Energy Storage Project in the UK
Hyvia, Renault’s hydrogen joint venture, placed in liquidation
Growth of the Lithium-Ion Battery Recycling Market: A Report from Deloitte and CAS Analyzes Key Trends
Orano envisages a long and uncertain restart for its uranium mine in Niger

Recently published in

Schneider Electric Posts Record Profits in 2024 Driven by Energy Transition and Data Centres

Schneider Electric announced exceptional financial results for 2024, driven by strong demand in energy management and data centre sectors, despite a decline in its industrial automation business.
Nexans Reaps the Dividends of Its Electrification Strategy
Nexans, a major player in cable production, benefits from strong demand linked to infrastructure electrification, contributing to the growth of its financial results.
en_1140290944540-12
Nexans Reaps the Dividends of Its Electrification Strategy
Nexans, a major player in cable production, benefits from strong demand linked to infrastructure electrification, contributing to the growth of its financial results.
en_1140290944540-12
Orano Records a Record Annual Profit
Orano reports a threefold increase in annual profit, driven by strong Japanese demand and rising uranium prices. The company benefits from a robust recovery in its uranium supply contracts.
en_1140290945540-12
Orano Records a Record Annual Profit
Orano reports a threefold increase in annual profit, driven by strong Japanese demand and rising uranium prices. The company benefits from a robust recovery in its uranium supply contracts.
en_1140290945540-12
Sitka Power Inc. Acquires a Renewable Energy and Energy Storage Portfolio from Saturn Power Inc.
Sitka Power Inc. announces the acquisition of multiple renewable energy and energy storage projects from Saturn Power Inc., further strengthening its position in the renewable energy sector in Alberta, amid growing demand for these technologies.
en_1140290960540-11
Sitka Power Inc. Acquires a Renewable Energy and Energy Storage Portfolio from Saturn Power Inc.
Sitka Power Inc. announces the acquisition of multiple renewable energy and energy storage projects from Saturn Power Inc., further strengthening its position in the renewable energy sector in Alberta, amid growing demand for these technologies.
en_1140290960540-11

Japan Adjusts Its Energy Strategy by Betting on Nuclear and Renewables

Tokyo has announced a 60% reduction in greenhouse gas emissions by 2035 compared to 2013. This ambition involves an energy transition marked by the development of renewable energies and increased reliance on nuclear power to ensure the country’s energy security.
Veolia partners with Adnoc to optimize water management in the Emirates
Veolia has signed an agreement with Emirati oil company Adnoc to streamline water consumption at its industrial sites. This strategic partnership aims to improve resource management and aligns with the French group’s expansion strategy in the Middle East.
en_1140290948540-11
Veolia partners with Adnoc to optimize water management in the Emirates
Veolia has signed an agreement with Emirati oil company Adnoc to streamline water consumption at its industrial sites. This strategic partnership aims to improve resource management and aligns with the French group’s expansion strategy in the Middle East.
en_1140290948540-11
Air Liquide secures 2,500 GWh of low-carbon electricity with record PPAs in 2024
Air Liquide has signed a record volume of power purchase agreements (PPAs) in 2024, adding more than 2,500 GWh of low-carbon electricity to its supply. These long-term agreements cover several key markets and support the company’s energy modernization efforts.
en_1140290995540
Air Liquide secures 2,500 GWh of low-carbon electricity with record PPAs in 2024
Air Liquide has signed a record volume of power purchase agreements (PPAs) in 2024, adding more than 2,500 GWh of low-carbon electricity to its supply. These long-term agreements cover several key markets and support the company’s energy modernization efforts.
en_1140290995540
Enbridge publishes historic results and confirms its 2025 financial objectives
Enbridge, a major player in natural gas transportation and distribution, announces an increase in its adjusted EBITDA. Driven by targeted acquisitions and steady expansion, these financial indicators illustrate the group’s solidity for the coming year.
en_1140290985540
Enbridge publishes historic results and confirms its 2025 financial objectives
Enbridge, a major player in natural gas transportation and distribution, announces an increase in its adjusted EBITDA. Driven by targeted acquisitions and steady expansion, these financial indicators illustrate the group’s solidity for the coming year.
en_1140290985540

Kalina Power and Crusoe Announce Partnership to Develop Data Centers in Alberta

Kalina Power and Crusoe Energy Systems have signed a strategic agreement to develop data centers in Alberta, utilizing excess energy resources and promoting a more sustainable approach for the technology sector.
New Zealand Energy Corp. accelerates the gas storage project at Tariki
New Zealand Energy Corp. (NZEC) confirms significant progress on the Tariki field, aiming to transform the site into a gas storage facility. The project, in response to market tensions in New Zealand, plans to begin injection in Q4 2025.
en_1140290945540-9
New Zealand Energy Corp. accelerates the gas storage project at Tariki
New Zealand Energy Corp. (NZEC) confirms significant progress on the Tariki field, aiming to transform the site into a gas storage facility. The project, in response to market tensions in New Zealand, plans to begin injection in Q4 2025.
en_1140290945540-9
EDF leverages its industrial sites to host data centers
EDF plans to host data centers on six industrial sites already connected to the power grid. This initiative aims to accelerate the installation of digital infrastructure while optimizing its land assets. A call for expressions of interest will be launched by the end of February.
en_1140290951540-8
EDF leverages its industrial sites to host data centers
EDF plans to host data centers on six industrial sites already connected to the power grid. This initiative aims to accelerate the installation of digital infrastructure while optimizing its land assets. A call for expressions of interest will be launched by the end of February.
en_1140290951540-8
BP revises its strategy after a 97% drop in net profit
BP announces a strategic shift following a collapse in its 2024 profits. Under pressure from activist investors, the British group must balance profitability with the transformation of its asset portfolio in a changing market environment.
en_1140290957540-8
BP revises its strategy after a 97% drop in net profit
BP announces a strategic shift following a collapse in its 2024 profits. Under pressure from activist investors, the British group must balance profitability with the transformation of its asset portfolio in a changing market environment.
en_1140290957540-8

IEA Launches Observatory to Monitor AI’s Energy Impact

The International Energy Agency (IEA) is preparing to launch a global observatory in April to measure the energy footprint of data centers. This initiative aims to centralize reliable data as electricity consumption linked to artificial intelligence (AI) continues to grow rapidly.
Potentia Energy acquires a 1 GW portfolio of renewable assets in Australia
Potentia Energy, owned by Enel Green Power and INPEX, announces the acquisition of a portfolio exceeding 1 gigawatt (GW) of renewable energy assets in Australia. The deal includes operational wind and solar facilities as well as projects in advanced stages of development.
en_1140290957540-7
Potentia Energy acquires a 1 GW portfolio of renewable assets in Australia
Potentia Energy, owned by Enel Green Power and INPEX, announces the acquisition of a portfolio exceeding 1 gigawatt (GW) of renewable energy assets in Australia. The deal includes operational wind and solar facilities as well as projects in advanced stages of development.
en_1140290957540-7
International Petroleum Corporation continues its share buyback program
International Petroleum Corporation (IPC) repurchased 407,001 of its own shares between February 3 and February 7, 2025, as part of its ongoing buyback program. These transactions are part of the company’s capital management strategy and involve the Stockholm and Toronto markets.
en_1140290960540-7
International Petroleum Corporation continues its share buyback program
International Petroleum Corporation (IPC) repurchased 407,001 of its own shares between February 3 and February 7, 2025, as part of its ongoing buyback program. These transactions are part of the company’s capital management strategy and involve the Stockholm and Toronto markets.
en_1140290960540-7
BP surges after Elliott Management takes a stake
BP’s stock rises by more than 6% on the London Stock Exchange following reports of Elliott Management acquiring a significant stake. The activist fund is known for demanding strategic changes in the companies it invests in.
en_1140290948540-7
BP surges after Elliott Management takes a stake
BP’s stock rises by more than 6% on the London Stock Exchange following reports of Elliott Management acquiring a significant stake. The activist fund is known for demanding strategic changes in the companies it invests in.
en_1140290948540-7

TotalEnergies prepares its listing in New York to attract American investors

TotalEnergies plans to list its shares on the New York Stock Exchange by the end of 2025. The objective is to attract more American investors by converting its ADRs into ordinary shares while maintaining its presence in Paris.
Taxation of Large Companies: Vinci Warns of Industrial Impact in France
Vinci CEO Xavier Huillard warns about the consequences of increased taxation on large companies in France. He highlights the risk to industrial investment and calls for greater regulatory stability to maintain the country’s attractiveness.
en_1140290956540-6
Taxation of Large Companies: Vinci Warns of Industrial Impact in France
Vinci CEO Xavier Huillard warns about the consequences of increased taxation on large companies in France. He highlights the risk to industrial investment and calls for greater regulatory stability to maintain the country’s attractiveness.
en_1140290956540-6
AI Data Centers Under Pressure Amid Rising Energy Consumption
The rapid growth of artificial intelligence (AI) is driving an exponential increase in the energy and water consumption of its infrastructure. A British report highlights the need for tech companies to better regulate the impact of their data centers.
en_1140290961540-5
AI Data Centers Under Pressure Amid Rising Energy Consumption
The rapid growth of artificial intelligence (AI) is driving an exponential increase in the energy and water consumption of its infrastructure. A British report highlights the need for tech companies to better regulate the impact of their data centers.
en_1140290961540-5
U.S. Companies Maintain Their Energy Transition Despite Trump
Despite Donald Trump's return and his measures favoring fossil fuels, major companies, including in the United States, are continuing their energy transition plans. American banks still finance renewable energy despite withdrawing from climate initiatives.
en_1140290963540
U.S. Companies Maintain Their Energy Transition Despite Trump
Despite Donald Trump's return and his measures favoring fossil fuels, major companies, including in the United States, are continuing their energy transition plans. American banks still finance renewable energy despite withdrawing from climate initiatives.
en_1140290963540

Equinor adjusts its strategy: renewable energy declines, hydrocarbons increase

Norwegian energy giant Equinor has revised its renewable energy ambitions downward while increasing its focus on hydrocarbons. A strategic decision that aligns with industry trends and meets market expectations.
TotalEnergies reduces low-carbon investments despite solid profits
After a 26% drop in net profit in 2024, TotalEnergies adjusts its strategy by reducing its investments in low-carbon energy by $500 million. Despite this decline, the group continues its share buyback program and dividend increases.
en_1140290956540-4
TotalEnergies reduces low-carbon investments despite solid profits
After a 26% drop in net profit in 2024, TotalEnergies adjusts its strategy by reducing its investments in low-carbon energy by $500 million. Despite this decline, the group continues its share buyback program and dividend increases.
en_1140290956540-4
Surtax on Large Corporations: Patrick Pouyanné Supports Bernard Arnault’s Position
TotalEnergies CEO Patrick Pouyanné aligned himself with Bernard Arnault's stance on the surtax on large corporations' profits. This measure, aimed at reducing the public deficit, is generating mixed reactions within the business sector.
en_1140290950540-4
Surtax on Large Corporations: Patrick Pouyanné Supports Bernard Arnault’s Position
TotalEnergies CEO Patrick Pouyanné aligned himself with Bernard Arnault's stance on the surtax on large corporations' profits. This measure, aimed at reducing the public deficit, is generating mixed reactions within the business sector.
en_1140290950540-4
Alfa Laval strengthens its portfolio with the acquisition of NRG Marine
Alfa Laval has signed an agreement to acquire NRG Marine, a UK-based company specializing in ultrasonic anti-fouling technology. This acquisition aims to enhance the group’s offering in the maritime, oil, and industrial sectors in response to the growing demand for these innovative solutions.
en_1140290945540-4
Alfa Laval strengthens its portfolio with the acquisition of NRG Marine
Alfa Laval has signed an agreement to acquire NRG Marine, a UK-based company specializing in ultrasonic anti-fouling technology. This acquisition aims to enhance the group’s offering in the maritime, oil, and industrial sectors in response to the growing demand for these innovative solutions.
en_1140290945540-4

Advertising

LEGAL

FOSSILS

POLICY

RENEWABLE

PLUS

VERVANT

Welcome

Your subscription

Included in this subscription:

COMMUNICATE ON ENERGYNEWS