Halliburton reports reduced North America drilling demand, warns of tariffs

Investors have been cautioned by Halliburton about the sector's vulnerability to tariffs and reduced drilling activity in North America. The company reported a first-quarter profit decline due to lower drilling activity, driven by weaker demand amid falling oil prices. Expected to feel second-quarter impacts from trade tensions, tariffs, and supply chain disruptions, Halliburton saw its shares drop nearly 6%. Revenue fell as expected, with adjusted earnings aligning closely with analysts' forecasts despite a significant severance charge affecting results.