On Tuesday the company reported earnings-per-share of $0.55, equal to the median estimate in a FactSet survey.

A combination of weaker oil prices, widespread spending cuts, and ramped-up OPEC crude oil volumes created a softer-than-expected industry environment that will continue at least through the rest of 2025,

What I see tells me the oilfield services market will be softer than I previously expected over the short to medium term', Halliburton Chairman, President, and CEO Jeff Miller said.