Halliburton Company (NYSE:HAL) Q3 2023 Earnings Conference Call October 24, 2023 9:00 AM ET

Corporate Participants

David Coleman - Senior Director of Investor Relations

Jeff Miller - Chairman, President and Chief Executive Officer

Eric Carre - Executive Vice President and Chief Financial Officer

Conference Call Participants

Dave Anderson - Barclays

Neil Mehta - Goldman Sachs

James West - Evercore ISI

Roger Read - Wells Fargo Securities

Scott Gruber - Citigroup

Luke Lemoine - Piper Sandler

Stephen Gengaro - Stifel

Marc Bianchi - TD Cowen

Jim Rollyson - Raymond James

Kurt Hallead - Benchmark

Operator

Good day and thank you for standing by. Welcome to the Halliburton Company, Third Quarter 2023 Earnings Conference Call. At this time all participants are in a listen-only mode. After the speakers' presentation there will be a question-and-answer session. [Operator Instructions]. Please be advised that today's conference is being recorded.

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 third quarter 2023 conference call. We will make a recording of today's webcast available for seven 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 June 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 third quarter earnings release and in the quarterly results and presentation section of our website.

Now, I'll turn the call over to Jeff.

Jeff Miller

Thank you, David, and good morning, everyone. Halliburton delivered an impressive third quarter. Our margin strength demonstrated the power of our strategy. I am pleased with the stability of our North America business and the profitability of our international growth.

Let's jump right into the highlights. Total company revenue increased 8% year-over-year, while operating income grew 23%. International revenue grew 17% year-over-year with strong activity in all geographic markets.