Halliburton
Q4 2022 Earnings Call
Jan 24, 2023, 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 the fourth-quarter 2022 Halliburton Company earnings conference call. At this time, participants are in listen-only mode. After the speakers' presentation, there'll 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. Please go ahead.
David Coleman -- Senior Director, Investor Relations
Hello, and thank you for joining the Halliburton fourth-quarter 2022 conference call. We will make the recording of today's webcast available on Halliburton's web site 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 31st, 2021, Form 10-Q for the quarter ended September 30th, 2022, recent current reports on Form 8-K, and other Securities and Exchange Commission filings. We undertake no obligation to revise or publicly update any forward-looking statement 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 fourth-quarter earnings release and in the quarterly results and presentation section of our web site. Now, I'll turn the call over to Jeff.
Jeff Miller -- Chairman, President, and Chief Executive Officer
Thank you, David, and good morning, everyone. Halliburton finished the year strong with solid financial and operational performance in both divisions and both hemispheres. Halliburton's execution in 2022 demonstrates the earnings power of our strategy, and I expect this earnings power to strengthen in 2023 and beyond. Let's jump right into the 2022 highlights.
We delivered full-year total company revenue of $20.3 billion and operating income of $2.7 billion. Adjusted operating income grew 70% compared to 2021 with improved margin performance in both divisions. Our full-year international revenue grew 20% over 2021, and our revenue and operating income increased each quarter in 2022. I am pleased with the international growth and margin progression Halliburton demonstrated this year despite a second-quarter exit from our Russian business.