In today’s briefing:
- Baker Hughes Company: Improving Consumer Demand For Integrated Solutions! – Major Drivers
- Halliburton Company: Will The Recent Technology Advancements Become Their Biggest Growth Catalyst? – Major Drivers
Baker Hughes Company: Improving Consumer Demand For Integrated Solutions! – Major Drivers
- Baker Hughes Company’s Q4 2023 financial performance reveals an overall strong growth and a positive outlook for 2024.
- The company made substantial progress and saw records broken for all primary financial metrics like orders, revenue, EBITDA, EPS, and free cash flow.
- This growth trend shows a successful financial strategy and beneficial operational improvements.
Halliburton Company: Will The Recent Technology Advancements Become Their Biggest Growth Catalyst? – Major Drivers
- Halliburton Company in its fourth quarter 2023 earnings call reported a strong year with both its divisions, completion and production, and drilling and evaluation achieving their highest operating margins in over a decade.
- The company generated full-year total company revenue of $23 billion, a 13% increase year-over-year, and operating income of $4.1 billion, an increase of 33% compared to 2022 adjusted operating income.
- International business grew robustly with revenue up 17% year on-year despite the company’s exit from Russia in August of 2022.
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