"Oil Service Stocks Soar as Halliburton Reports Strong 2023 Earnings"
Originally Published 1 year ago — by CNBC
CNBC's Jim Cramer is optimistic about the future of oil service stocks, particularly SLB and Halliburton, following their strong earnings reports which highlighted robust international business and increased efficiency. Both companies have seen stock gains post-earnings, with SLB's 10 consecutive quarters of double-digit growth and a 10% dividend raise signaling confidence in future success. Cramer's concerns about efficiency were alleviated by Halliburton's explanation of improved margins and increased revenue from each well, leading him to believe that these stocks have room to climb further.