Halliburton reports reduced North America drilling demand, warns of tariffs | Oil and Gas

The company warns investors in its earnings report of the impact of tariffs have on the sector.

Halliburton has reported a decline in first-quarter profit due to reduced drilling activity in North America, which weakened demand for its oilfield services and equipment.

The Houston, Texas-based oil and gas giant warned on Tuesday of a second-quarter earnings impact from tariffs and lower oilfield activity in North America as producers reckon with weak oil prices, sending shares of the oilfield…