BRIEF-Halliburton Says Oil Industry In Early Stages Of Multi-Year Upcycle

July 20 (Reuters) - Halliburton Co (HAL):

* EXPECTS DOUBLE DIGIT INCREASE IN INTERNATIONAL OIL ACTIVITY FOR SECOND HALF OF 2021 VERSUS SAME PERIOD LAST YEAR - CONF CALL

* ANTICIPATES OILFIELD ACTIVITY IN NORTH AMERICA WILL INCREASE, WITH DRILLING OUTPACING COMPLETIONS - CONF CALL

* EXPECTS DRILLING AND COMPLETIONS SPENDING IN NORTH AMERICA WILL GROW BY DOUBLE DIGITS OVER COMING YEARS - CONF CALL

* ANTICIPATES GLOBAL DEMAND WILL CONTINUE TO EXCEED SUPPLY, PARTICULARLY TO THE EXTENT OPEC+ MANAGES SUPPLY ADDITIONS OVER THE NEAR TERM- CONF CALL

* ANTICIPATES COMMODITY PRICES WILL REMAIN SUPPORTIVE AND GLOBAL OIL DEMAND WILL CONTINUE TO EXCEED SUPPLY - CONF CALL

* SAYS PRIVATE OIL AND GAS OPERATORS WILL LEAD THE COMEBACK IN NORTH AMERICAN ACTIVITY - CONF CALL

* CO SAYS PRICING IS BEGINNING TO RETURN IN NORTH AMERICA AND IS EXPECTED TO LAG INTERNATIONALLY WHERE CONTRACT DURATIONS ARE LONGER- CONF CALL

* EXPECTS BENEFIT FROM THE SIGNIFICANT GROWTH POTENTIAL FOR SPECIALTY CHEMICALS AND ARTIFICIAL LIFT BUSINESSES - CONF CALL

* SAYS THERE IS HIGH DEMAND FOR LOW-EMISSIONS FRACKING EQUIPMENT, BUT LIMITED SUPPLY - CONF CALL

* SAYS IN INTERNATIONAL MARKETS, IT EXPECTS DIFFERENTIATED DRILLING EQUIPMENT CAPACITY TIGHTENS FIRST- CONF CALL

* EXPECTS REVENUE TO GROW AT A MID-TEENS COMPOUND ANNUAL GROWTH RATE OVER THE NEXT 2 YEARS- CONF CALL

* EXPECTS OPERATING MARGINS TO EXPAND BY ABOUT 400 BASIS POINTS BY 2023 AND THUS RETURN TO 2014 MARGIN LEVELS- CONF CALL

* EXPECTS FULL-YEAR FREE CASH FLOW OF $1.2 BILLION - CONF CALL

* ANTICIPATES SINGLE-DIGIT SEQUENTIAL REVENUE GROWTH FOR COMPLETIONS AND PRODUCTION UNIT, AND MARGINS TO GROW BY 25 TO 50 BASIS POINTS - CONF CALL

* EXPECTS SEQUENTIAL REVENUE GROWTH OF 3% TO 5% FOR DRILLING AND EVALUATIONS UNIT - CONF CALL

* HALLBURTON SAYS IT INTENDS TO RETURN MORE CASH TO SHAREHOLDERS, EITHER THROUGH DIVIDEND OR SHARE REPURCHASE - CONF CALL Source: Q2 Conference Call Further company coverage: (Reporting by Liz Hampton)

Copyright © Reuters 2008. All rights reserved. Republication or redistribution of Reuters content, including by caching, framing or similar means, is expressly prohibited without the prior written consent of Reuters. Reuters and the Reuters sphere logo are registered trademarks and trademarks of the Reuters group of companies around the world.

News, commentary and research reports are from third-party sources unaffiliated with Fidelity. Fidelity does not endorse or adopt their content. Fidelity makes no guarantees that information supplied is accurate, complete, or timely, and does not provide any warranties regarding results obtained from their use.