Oil Output And PricingRecent headlines surrounding the OPEC+ decision to speed up oil output hikes have put further pressure on the oil macro outlook, with North America activity most at-risk.
Revenue And Margin PressureC&P and D&E revenues are expected to decline sequentially, with margins contracting due to lower pricing conditions and activity declines.
Tariffs And CostsHAL sees tariffs and mobilization costs as factors weighing on 2Q Drilling & Evaluation margins.