Halliburton Warns Tariffs May Hurt Q2 Earnings Perigon Halliburton announced a 33% drop in profits for the second quarter tuesday due to weak demand in north america, saudi arabia, and kuwait. the company warned of a negative impact on earnings in the second quarter due to president donald trump’s tariffs, and lower oilfield activities in north america. Halliburton has rolled out the cuts over several weeks, according to the sources, who were directly involved in layoffs but not authorized to speak publicly. at least three business divisions had.
Halliburton Hurt By Unprecedented Decline In Drilling Activity Halliburton company, one of the world’s leading oilfield services firms, reported a significant drop in its second quarter profit as drilling activity in north america continues to lose momentum. (reuters) – halliburton reported about 33% fall in profit for the second quarter on tuesday, hurt by weak demand for its oilfield services in north america, saudi arabia and kuwait. Us oilfield services heavyweight halliburton reported a sharp drop in quarterly results amid weak demand for drilling activities in north america. Halliburton is cutting jobs as oilfield activity cools, reuters reports, citing two people familiar with the matter. the reductions come amid rising costs, weaker prices, and heightened.
Underbalanced Drilling Services Us oilfield services heavyweight halliburton reported a sharp drop in quarterly results amid weak demand for drilling activities in north america. Halliburton is cutting jobs as oilfield activity cools, reuters reports, citing two people familiar with the matter. the reductions come amid rising costs, weaker prices, and heightened. Halliburton is cutting jobs across divisions as lower oil prices and reduced drilling activity lead to a 33% drop in q2 profit and a forecasted sharp revenue decline. Halliburton reported about 33% fall in profit for the second quarter on tuesday, hurt by weak demand for its oilfield services in north america, saudi arabia and kuwait. Houston based halliburton joined larger rival slb (slb.n) in warning of lower activity by oil and gas producers as weak and volatile oil prices have led producers to curb capital spending and. The houston, texas based company also called the quarterly decline in north american drilling activity "unprecedented," saying it drove pressure to cut costs and has squeezed its margins.
Halliburton Underbalanced Drilling Services Halliburton is cutting jobs across divisions as lower oil prices and reduced drilling activity lead to a 33% drop in q2 profit and a forecasted sharp revenue decline. Halliburton reported about 33% fall in profit for the second quarter on tuesday, hurt by weak demand for its oilfield services in north america, saudi arabia and kuwait. Houston based halliburton joined larger rival slb (slb.n) in warning of lower activity by oil and gas producers as weak and volatile oil prices have led producers to curb capital spending and. The houston, texas based company also called the quarterly decline in north american drilling activity "unprecedented," saying it drove pressure to cut costs and has squeezed its margins.
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