Tariffs Hit Halliburton’s Core Fracking Business

Halliburton CEO: Risk and Trump tariff uncertainty dominate oil markets despite overall bullishness

President Trump’s tariffs, global economic concerns, and OPEC oil production hikes have added much more risk and uncertainty to the industry and will continue to deflate the company’s stock price in the near term, Halliburton chairman and CEO Jeff Miller said. Halliburton was the first of the so-called Big Three oilfield services firms—along with SLB and Baker Hughes—to report its first-quarter earnings, which fell short of analyst expectations …

Halliburton reports reduced North American drilling demand

The company warns tariffs and weak oil prices will hit oilfield activity on the continent and hurt its revenues also.

Halliburton warns of tariff impact, lower North America oilfield activity as shares plunge

Halliburton is the first of the Big Three U.S. oilfield services providers to report earnings as U.S. crude prices hover under $64 a barrel

Halliburton warns of tariff impact, lower North America oilfield activity

The Trump admin has since January relied mainly on emergency authorities and executive orders to slash what it views as obstructions to a surge in fossil fuel energy production.

Tariffs Hit Halliburton’s Core Fracking Business

The dominant North American oil field services provider told investors April 22 on a conference call that tariffs will have an impact of 2 to 3 cents per share during the second quarter.

Why Halliburton Stock Is Down Today @themotleyfool #stocks $HAL