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Halliburton CEO: U.S. oil is in the ‘early innings’ of a rebound—and a drilling ramp up is coming
Halliburton CEO Jeff Miller states the U.S. oil sector is in the “early innings” of a rebound driven by the Iran war, which is forcing a global shift towards energy security and increased domestic production outside the Middle East. He anticipates a drilling ramp-up, especially from smaller U.S. producers, and significant growth in South America and Africa to replace lost supplies from the conflict. Halliburton reported increased first-quarter net income, showcasing resilience despite disruptions in the Middle East.