Halliburton’s Big Comeback? Why Experts Say Oil Services Are ‘Down But Not Out’ in 2025
Oilfield Services: “Down But Not Out” After a Tough Year Halliburton, one of the world’s top oilfield services companies, has faced a challenging environment in 2025. U.S. shale producers cut back on drilling budgets as oil prices slipped (West Texas crude has been trading around the low-$60s reuters.com), and international projects largely stalled. This downturn hit Halliburton’s North America-centric business hard – the company even slashed its 2025–26 earnings forecasts by up to 25% earlier in the year amid the shale slowdown gurufocus.com. Industry-wide, rig counts fell and profit margins tightened, prompting talk of an extended slump for oilfield service
