Halliburton
Q3 2022 Earnings Call
Oct 25, 2022, 9:00 a.m. ET
Contents:
- Prepared Remarks
- Questions and Answers
- Call Participants
Prepared Remarks:
Operator
Good day, and thank you for standing by. Welcome to Halliburton's third quarter 2022 earnings call. [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.
Please go ahead.
David Coleman -- Head of Investor Relations
Hello, and thank you for joining the Halliburton third quarter 2022 conference call. We will make the recording of today's webcast available on Halliburton's website after this call. Joining me today are Jeff Miller, chairman, president and CEO; and Eric Carre, EVP 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, 2021, Form 10-Q for the quarter ended June 30, 2022, 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 -- Chairman, President, and Chief Executive Officer
Thank you, David, and good morning, everyone. Our outlook today is strong. Oil and gas supply remains tight for the foreseeable future. International market activity is accelerating and North America service capacity continues to further tighten.
As a result, pricing is moving up in both markets. Halliburton's strong third quarter results demonstrate the power of our strategy. Here are some highlights. Total company revenue increased 6% sequentially as both North America and international activity continue to expand.
Operating income grew 18% compared to adjusted operating income from the second quarter with improved margin performance in both divisions. Our overall operating income margin was 16% representing 45% incremental margins over last quarter's adjusted operating income. Our completion and production division revenue increased 8% over last quarter, driven by completions activity and pricing in North America and international markets. C&P delivered operating margin of 19% in the third quarter.