waters morning markets everyone. Thank you, Abu. Good second navigated during some quarter. Commodity choppy the
On the the concerns uncertainties one the demand hand, trade to there talks. are surrounding attributed of largely global oil U.S.-China the outcome
prices Venezuela, of and and hand, recently buoyed side U.S. been oil exports, Iranian other have production output on oil in plus political OPEC extension On cuts, Libya declines to sanctions the the Sudan. by supply instability ongoing reaction in
and our I in the execution with quarter am pleased very backdrop, outstanding was results. this Halliburton's Against second
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entered a stronger Halliburton competitor. international this recovery much
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be must simply You present to win.
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markets. As I look international ahead, pricing edge discussions various I'm encouraged the leading by in
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budgets the of on that year within their be believe and cash remaining customers' our announced I their flow. for forward, cadence generating dictated activity rest the CapEx free by focus will Looking
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stable softness margins in next remain near-term Despite the our activity, expect we to quarter.
margins protect performance as the actions by and C&P quarter actions our taking us evidenced working. to these allow are second are We that
in our As different executing a company than we the and navigate playbook XXXX is beyond past.
we to are Here's doing and cash delivering investors. our returns to keep flows what
the reduction to year-on-year capital majority recognize approach of XXXX, our the we from America. North came have CapEx customers our changed decreased First, behavior the spending. changing and of and In own XX% we
reason this the growth size returns. expense in see of comes market at We to and scale have and no sufficient invest when it in
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profile organization, increased we market restructuring it's example, cost North For several has America The restructured layers of changed responsiveness. our also recently but removing our our certainly, management.
reduce logistics premier costs. We with are partnering our also our organization chain input supply and to
cost to company continue our will market opportunities operations the across right-size we evaluate for the America environment. and manage We North and reduction
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the we to in generation pivot flow from unconventionals positively North most are taking by that enter will We and actions as differentiate drive maturation I'm these abundance, product In the and to contribute excited America. while growth service Halliburton view, cash prospects. technology about scarcity profit in phase, to expect continuing lines a to represented my our
and to are maximize solves productivity every well improve can required be every production These that success. to Customers their are they for the technology Halliburton dollar spend challenges day. will that key CapEx
cluster service every per well contribution For example, lateral foot sand makes fracturing ensures our a and meaningful automated placement optimizes production. to
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call the With Lance update. turn Lance? that, to a I'll over financial for
