HAL - Halliburton Co (HAL) Q4 2023 Earnings Call Transcript
2024-01-23 13:14:06 ET
Halliburton Co (HAL)
Q4 2023 Earnings Conference Call
January 23, 2024, 09:00 ET
Company Participants
David Coleman - Senior Director of IR
Jeffrey Miller - President, CEO & Chairman
Eric Carre - EVP & CFO
Conference Call Participants
David Anderson - Barclays Bank
Neil Mehta - Goldman Sachs Group
Arun Jayaram - JPMorgan Chase & Co.
Kurt Hallead - The Benchmark Company
Scott Gruber - Citigroup
James West - Evercore ISI
Stephen Gengaro - Stifel, Nicolaus & Company
Marc Bianchi - TD Cowen
Luke Lemoine - Piper Sandler & Co.
Roger Read - Wells Fargo Securities
Presentation
Operator
Good day and thank you for standing by. Welcome to the Halliburton Company Fourth Quarter 2023 Earnings Conference Call. [Operator Instructions].
I would now like to hand the conference over to your speaker today, David Coleman, Senior Director of Investor Relations.
David Coleman
Hello and thank you for joining the Halliburton Fourth Quarter 2023 Conference Call. We will make the recording of today's webcast available for 7 days on Halliburton's website after this call. Joining me today are Jeff Miller, Chairman, President and CEO; and Eric Carre, Executive Vice President and CFO.
Some of today's comments may include forward-looking statements reflecting Halliburton's views about future events. These matters involve risks and uncertainties that could cause our actual results to materially differ from our forward-looking statements. These risks are discussed in Halliburton's Form 10-K for the year ended December 31, 2022, Form 10-Q for the quarter ended September 30, 2023, recent current reports on Form 8-K and other Securities and Exchange Commission filings. We undertake no obligation to revise or update publicly any forward-looking statements for any reason.
Our comments today also include non-GAAP financial measures. Additional details and reconciliation to the most directly comparable GAAP financial measures are included in our fourth quarter earnings release and in the Quarterly Results & Presentation section of our website.
Now I'll turn the call over to Jeff.
Jeffrey Miller
Thank you, David, and good morning, everyone. 2023 was a great year for Halliburton. Both of our divisions achieved their highest operating margins in over a decade, and we returned $1.4 billion to shareholders. Here are the highlights.
We delivered full year total company revenue of $23 billion, an increase of 13% year-over-year; and operating income of $4.1 billion, an increase of 33% compared to 2022 adjusted operating income. Our international business demonstrated strong growth with our revenue up 17% year-over-year despite our exit from Russia in August of 2022, completing 2 consecutive years of high teens growth....
Halliburton Co (HAL) Q4 2023 Earnings Call Transcript