Service & Supply | Oilfield Services | Second Quarter (2Q) Update | Exclusives / Features | Financial Results | Capital Markets
HAL, SLB 2Q: Double-Digit Revenue Gains, Strengthened Outlooks
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In their 2Q22 releases and conference calls, Halliburton and Schlumberger detailed their outlook for 2022 and beyond.
Below are outlines of the firm's revenue growth in recent quarters as well as conference call highlights, which are projecting a strong 2H22 and 2023 market.
HalliburtonQuick Overview:
US Markets: North America Revenue Up 26% vs. 1Q22; Land Rigs "Step Up" in 2Q, Fleets Remain Sold Out for 2H22 Revenue Growth: Revenues grew19% vs. 1Q22 E&P Spending Increase: Expects North America spending to increase 35% YOY in 2022 Conference Call Highlights: US Land Rig Activty "Steps Up" in 2Q; Halliburton Remains Sold Out for 2H22: "The second quarter saw another step-up in both US land rig activity and stages completed. With the first quarter sand supply interruptions…- ✓ Full news archive — U.S., Canada & international coverage
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