Environmental lawyers prepare for Trump’s energy deregulation moves

On Tuesday, Halliburton warned of the impact of profits in the second quarter of customs tariffs and low oil field activity in North America, where producers evaluate drilling and completing weak oil prices, which led to a decrease in the shares of oil field services product by about 6 %.

Halliburton is the first among the major oil field service providers in the three United States, and among the first large oil company to report profits as US crude prices are under $ 64 a barrel. Many companies say they cannot drill profitable if oil prices drop to less than $ 65 a barrel, and the demand for the equipment and services provided by companies such as Halliburton.

“Many of our customers are in the midst of assessing the scenarios of their activity and plans to reduce activity in 2025 may mean higher than the regular white area of ​​fleets commitment and in some cases, Jeff Miller, CEO of Halliburton on expectations in the North American markets, said the white areas. To the gaps in the calendar when the company does not have a job that lines its equipment.

Halliburton is the first among the major oil field service providers in the three United States, and among the first large oil company to report profits as US crude prices are under $ 64 a barrel. (Reuters / Richard Carson / Reuters photos)

Halliburton shares decreased by 6 % at $ 20.62 per share, after expected 2 cents to 3 cents per share in the second quarter of commercial tensions. The profits of the second quarter were estimated at about 63 cents per share, according to LSEG data.

Solar energy facilities continue to grow in the United States

The shares decreased up to 10 % during the session, and decreased by 24 % of the year. SLB competition shares only fell 11 % this year.

The oil field services sector is worried about president Donald Trump’s tariffs on imported steel and parts will disrupt supply chains and increase equipment costs, such as drilling platforms and wells.

The company also took the cost of the chapter 107 million dollars in the first quarter. Halliburton, who also received $ 63 million in the third quarter of 2024, did not respond to a request for details of the class fee.

Hallibron said North America’s revenues in the first quarter were $ 2.2 billion, a 12 % decrease from the previous year.

The demand for artificial intelligence in the United States will increase, but also provides an opportunity to manage energy

International revenues decreased by 2 % in the first place due to the decrease in drilling and project management in Mexico. It expects international revenue to be on an annual basis flat.

Mexico proposes new contracts for the oil sector, while struggling to pay billions of dollars from the accumulated debts of oil services companies. Meanwhile, the oil output of Pemex ‘Pemex continued to decline this year to about 1.62 million barrels per day, compared to 1.76 million barrels per day last year.

Halliburton employees work on Three Wellhead Fracking Monday, June 26, 2017, in Midland, Texas. (Photo by Steve Gonzales / Houston Cronic

“I think they have a plan, but I also think it will be difficult for a while … I don’t see an immediate recovery in Mexico,” Miller said.

Hallibron expects the completion and production department revenues to increase 1 % to 3 % in the second quarter of the first, with margins around an apartment. The revenues of the drilling and evaluation department were expected to be 2 %. The margins are set for a decrease of 125 to 175 basis points.

Get Fox Business on the Go by clicking here

The Houston -based company has a profit of $ 204 million, or 24 cents per share, in the three months ending March 31, less than 606 million dollars, or 68 cents per share, and was published last year.

With the exception of pre -tax fees worth $ 356 million, which included Severance fees, the company has published profits of 60 cents, in line with analysts estimates.

Revenue of 5.42 billion dollars, the average analyst estimate won 5.28 billion dollars.