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Halliburton Q4: International Ramp Up, Stacks 22% of HP
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Halliburton Co. reported its Q4 and full year 2019 results.
Main Takeaways:
North America saw declines while the international markets markedly improved International momentum to "continue through 2020" (Jeff Miller) Stacking equipment - 22% less HP available due to stacking Revenue Comparisons - QOQ / YOYSimilar to what Schlumberger reported, Halliburton noted the strengthening of international markets while domestic operations declined.
International Growth, Domestic DownturnIn the conference call, CEO Jeff Miller commented: "2019 solidified the pivot from growth to capital discipline in North America and marked another step on the road to recovery in the international markets.
"Pricing in certain international regions is improving and we expect this momentum to continue…
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