Halliburton's Overseas Expansion and Profit Growth: A Positive Outlook

Halliburton Co. is increasing its quarterly dividend by 6% to 17 cents a share, the highest since the pandemic began, following strong fourth-quarter earnings and $1.1 billion in free cash flow. The company anticipates a robust demand for oilfield services and plans to focus on international expansion as US shale work slows down. This move follows a similar dividend increase by rival SLB, signaling a shift towards offshore markets. Despite a projected minimal change in US and Canada sales, Halliburton expects a 12% increase in the rest of its business.