Halliburton
Q1 2022 Earnings Call
Apr 19, 2022, 9:00 a.m. ET
Contents:
- Prepared Remarks
- Questions and Answers
- Call Participants
Prepared Remarks:
Operator
Ladies and gentlemen, thank you for standing by, and welcome to Halliburton's first quarter 2022 earnings call. Please be advised that today's conference is being recorded. I would now like to turn the conference over to David Coleman, head of investor relations. Please go ahead, sir.
David Coleman -- Head of Investor Relations
Good morning, and welcome to the Halliburton first quarter 2022 conference call. As a reminder, today's call is being webcast and a replay will be available on Halliburton's website for seven days. Joining me today are Jeff Miller, chairman, president, and CEO; and Lance Loeffler, CFO. Some of our comments today may include forward-looking statements reflecting Halliburton's views about future events.
These matters involve risks and uncertainties that could cause our actual financial 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, 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 reconciliations to the most directly comparable GAAP financial measures are included in our first quarter earnings release or in the quarterly results and presentations section of our website. After our prepared remarks, we ask that you please limit yourself to one question and one related follow-up during the Q&A period in order to allow time for others who may be in the queue. Now I'll turn the call over to Jeff.
Jeff Miller -- President, Chairman, and Chief Executive Officer
Thank you, David, and good morning, everyone. I am pleased with Halliburton's first quarter results. Our performance demonstrates the resilience of our unique strategy in action and the importance of our competitive positioning, both in North America and international markets. Here are some highlights from the first quarter.
International revenue grew 15% compared to the first quarter of 2021, with activity accelerating across all international markets. Strong growth in Latin America and Middle East Asia offset the winter weather impacts in Europe. In North America, revenue grew 37% year on year with the acceleration of both drilling and completions activity. Higher utilization in March and net pricing gains drove margin expansion despite the weather and sand disruptions earlier in the quarter.