Energy Secretary Chris Wright discussed whether the Trump administration is searching for more green energy and solar projects on ‘Veri & Co.’.
Holiberton warns on Tuesday Second quarter earnings As an impact from tariffs and lower oilfield activity in North America, producers evaluate drilling and perfection on weak oil prices, sending the shares of the Oilfield service manufacturer about 6%.
Holiberton is the first of Big Three US Oilfield Services Provider And to report earnings between the first major oil company, American crude prices hover under $ 64 per barrel. Many companies say they cannot beneficial if oil prices fall under $ 65 per barrel, demand for equipment and services provided by companies such as Holiberton.
“Many of our customers are in the midst of evaluation of their activity scenarios in the North American markets and said about the expectations in the North American markets and the reduction in schemes for 2025 activity can be more than a normal white space for a committed fleet for a committed fleet,” said Jeff Miller Jeff Miller. Said about expectations in. White spaces refer to intervals in the calendar when the company does not have work for its devices.
Holiberton is the first of the three big American oilfield service providers and American crude prices are hover under $ 64 per barrel to report earnings between the first major oil company. (Reuters / Richard Carson / Reuters Photos)
Holiberton’s shares were below about 6% at $ 20.62 per share, as it was after estimating the trade stress after estimating 2-sants to 3-st per share in the second quarter. According to LSEG data, the second quarter earnings were estimated to be 63 cents per share.
Solar power installations continue to grow in the United States
The stocks fell to 10% during the session, and the year-on-year was 24% below. Rival SLB shares were only 11% below this year.
The Oilfield Service Sector has worried the President Donald Trump’s Imported steel and tariffs on parts will disrupt the supply chains and increase equipment costs, such as drilling rigs and well -to -insert.
| Langer | Security | Last | Change | Change % |
|---|---|---|---|---|
| HAL | Holiberton cum. | 21.92 | -0.61 |
-2.71% |
The company also took a departure cost of $ 107 million in the first quarter. Holiberton, who charged a break of $ 63 million in the third quarter of 2024, did not immediately respond to the request for details at the break -up fee.
Holiberton said North America’s revenue in the first quarter was $ 2.2 billion, below 12% a year ago.
AI energy demand will increase in America but will also provide an opportunity to manage energy
International revenue was mainly reduced by 2% due to low drilling and project management activity in Mexico. It is estimated to be slightly below international revenue from year to year.
Mexico is proposing new contract models for the oil sector, while struggling to pay billions of dollars accumulated loans Oil service companies. Meanwhile, the state company Pemex’s oil production has fallen to about 1.62 million BPD in this year, compared to 1.76 million BPD last year.
Holiberton’s employees work on a three -welhead faking site in Midland, Texas on Monday, June 26, 2017. (Photo by Steve Gonzalas / Houston Chronicle through Getty Image / Getty Image)
“I think they have a plan, but I also think it will be difficult for a while … I don’t see immediate recovery in Mexico,” Miller said.
Holiberton estimated a growth of 1% to 3% in the second quarter and revenue of the production division in the first quarter with a margin about the flat. Drilling and evaluation division revenue was expected to be less than 2%. The margin was determined for a decline in 125 to 175 basis digits.
Get Fox Business when you click here
Houston -based company Posted a profit It was posted last year in three months ended 31 March, $ 204 million, or 24 cents per share, less than $ 606 million, or 68 cents per share.
Except for a pre-tax charge of $ 356 million, which included the serence charge, the company posted an income of 60 cents, in-line with analysts’ estimates.
The $ 5.42 billion revenue gave an average an average of $ 5.28 billion to the average estimate of analysts.
