Houston oilfield services giant Halliburton Co. kicked off the fourth quarter earnings season with positive news, as it takes advantage of a recovering U.S. land rig count and completions activity continues to rise.

Halliburton Earnings

CEO Jeff Miller helmed a conference call on Tuesday with his management team, noting that the largest completions specialist in North America took “advantage of the recovery and completions and drilling activity” in the final period of 2020.

Management believes “that the worst is behind us, and we look to the future with optimism. Oil prices are back to pre-pandemic levels, driven by global vaccine distribution and unfolding demand recovery.” 

Miller said he was “optimistic about the activity momentum I see in North America and expect international...