Halliburton beat fourth-quarter profit estimates, earning 69 cents per share, above the consensus of 55 cents. Revenue reached $5.66 billion, with international sales up 2.9% to $3.5 billion, driven by completion tool sales in Brazil, the North Sea, and the Caribbean, and software sales in Mexico. North America revenue remained flat at $2.2 billion.

Despite higher revenue, Halliburton’s profit declined due to cost pressures and an $83 million charge. CEO Jeff Miller noted that international markets are driving growth, with North America lagging in response to macro conditions. The company had previously highlighted stronger overseas demand compared to North America in the third quarter.

Halliburton’s shares rose after the earnings report, reflecting investor focus on international revenue growth rather than the year-on-year profit decline. The company is also eyeing a potential return to work in Venezuela, pending changes in U.S. sanctions and operating rules. Executives have met with the White House to discuss potential investment.

As Halliburton positions for a potential return to Venezuela, the company’s long history in the country and lower capital risk for service companies compared to upstream operators could facilitate a swift reentry. The oilfield services provider is interested in resuming operations if permitted, following discussions with the White House and monitoring regulatory changes closely.

Read more at Yahoo Finance: Halliburton Beats Q4 Estimates as International Revenue Soars