Forecasts 2-3 cents per share impact in Q2 from trade tensions Company says customers evaluating their activity scenarios Year-over-year international revenue to be flat to slightly down (Updates with details of severance cost in paragraph 7, share prices in paragraphs 1, 4) By Arunima Kumar and Arathy Somasekhar HOUSTON, April 22 (Reuters) – Halliburton on Tuesday warned of a second-quarter earnings impact from tariffs and lower oilfield activity in North America as producers evaluate drilling and completions at weak oil prices, sending shares of the oilfield service producer down about 6%. Halliburton is the first of the Big Three U.S. oilfield services providers and among the first large oil company to report earnings as U.S. crude prices hover under $64 a barrel. Many companies say they cannot drill profitably if oil prices fall under $65 a barrel, denting demand for equipment and services provided by companies like Halliburton. “Many of our customers are in the midst of evaluating their activity scenarios and plans for 2025 activity reductions could mean higher than normal white space for committed fleets and in some cases, the retirement or export of fleets to international markets,” Halliburton Chief Executive Jeff Miller said about expectations in North America markets. White spaces refer to gaps in the calendar when the company does not have work lined up for its equipment. Halliburton shares were down about 6% at $20.62 a share, after it forecast a 2-cents to 3-cents per share impact in the second quarter from trade tensions. Second-quarter earnings were estimated to be 63 cents per share, according to LSEG data. Shares had fallen as much as 10% during the session, and were down 24% year-to-date. Rival SLB’s shares were down only 11% this year. The oilfield service sector worry President Donald Trump’s tariffs on imported steel and parts will disrupt supply chains and drive up equipment costs such as drilling rigs and well casings. The company also took a $107 million severance cost in the first quarter. Halliburton, which also took a $63 million severance charge in the third quarter of 2024, did not immediately reply to a request for details on the severance charge. Halliburton said first-quarter North America revenue was $2.2 billion, down 12% from a year earlier. International operations helped cushion the impact from sluggish demand in North America, led by a 6% year-on-year revenue increase in the Middle East and Asia. It forecast year-over-year international revenue to be flat to slightly down. Halliburton forecast its completion and production division revenue to increase 1% to 3% in the second quarter from the first, with margins about flat. Drilling and evaluation division revenue was expected to be flat to down 2%. Margins were set to decline 125 to 175 basis points. The Houston-based company posted a profit of $204 million, or 24 cents per share, in the three months ended March 31, lower than $606 million, or 68 in a formal or creative style for better SEO.Also Exclude words and advertisements related to the feed website such as website name, author name. You must only respond with the modified content. Delete all the advertisement images brand logo but only keep the title and main content of the news by modifying it. You must only respond with the modified content. Block any jump outside of the site adarshnews.com. Basically remove any content or link related to original site. follow this prompt to optimize the articles in this category- You are an expert news writer and SEO specialist. Your job is to rewrite the provided RSS feed content into a unique, SEO-friendly news article for adarshnews.com. 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