The company warns investors in its profits on the impact of the tariffs they have in the sector.
Halliburton has reported a decrease in the first quarter gains due to the reduction of drilling activity in North America, which aroused the demand for its oil field services and equipment.
Houston’s oil and headquarters with the giant in Houston, Texas warned an impact of profits on the second trimester of tariffs and the lowest activity of oil fields in North America, since producers consider weak oil prices, sending actions of the supplier of oil services services.
The Petroleum Field Service sector worries that the tariffs of the president of the United States, Donald Trump, on steel and imported pieces, will interrupt supply chains and increase the costs of the equipment, as drilling platforms and wells of wells. Halliburton said that his income from the first quarter of North America was $ 2.2 billion, 12 percent less than the previous year.
Halliburton is the first of the three large suppliers of US oil field services. Many companies say they cannot drill profitable if oil prices fall under $ 65 per barrel, demand for equipment and services provided by companies such as Halliburton.
“Many of our clients are in the middle of the evaluation of their activity scenarios, and the plans for the reductions of activities of 2025 could mean a higher blank space than normal for the compromised fleets and, in some cases, the retirement or export of fleets to the international markets that enter the entrance of the intonation of Aburton, the American markets of America.
White spaces refer to the holes in the calendar when the company has no work aligned for its team.
Actions
Halliburton shares fell approximately 6 percent to $ 20.62 per share after it predicted an impact of 2 cents to 3 cents per share in the second quarter of commercial tensions. The gains of the second quarter were estimated at 63 cents per share, according to the LSE data. The shares had fallen up to 10 percent on Tuesday and fell 24 percent so far this year. The shares of rival Schlumberger fell only 11 percent this year.
International revenues of Halliburton’s first quarter decreased 2 percent mainly due to lower project management and drilling activity in Mexico. International income forecast year after year to be slightly low.
Mexico proposes new contract models for the oil sector while fighting to pay billions of dollars or accumulated debt to oil service companies. On the average, Pemex’s oil production of the state company has continued to fall this year to 1.62 million barrels per day, compared to 1.76 million barrels per day last year.
Halliburton registered a gain of $ 204 million, or 24 cents per share, in the three months that ended on March 31, lower than $ 606 million, or 68 cents per share, which had published last year.
The company also obtained a compensation cost of $ 107 million in the first quarter. That came immediately after a compensation charge of $ 63 million in the third quarter of 2024, but the company did not provide more details.
Excluding a taxpayer from $ 356 million, which included the compensation charge, the company registered 60 cents, in line with the estimates of analysts.
The revenues of $ 5.42 billion beat the average estimate of analysts or $ 5.28 billion.
