Energy
Halliburton Boosts Dividend Amid Overseas Drilling Expansion
- Top frack provider generated best free cash flow in decades
- Houston contractor posted better-than-expected earnings
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Halliburton Co. joined rival SLB in boosting its quarterly dividend as the world’s biggest oilfield contractors gear up for an international boom amid slowing shale work.
The top provider of fracking services will lift its payout by 6% to 17 cents a share, the highest since the onset of the pandemic, after posting fourth-quarter earnings that beat expectations. Halliburton generated $1.1 billion in free cash flow, its best quarter in more than two decades.