22-April-2026
Corporate News
 
Halliburton Flags Higher Costs From Iran War as First-Quarter Profit Tops Estimates
22-Apr-2026

U.S. oilfield services provider Halliburton warned disruptions caused by the Iran war and the closure of the Strait of Hormuz could cut current-quarter earnings per share by about 7 to 9 cents after beating first-quarter profit estimates. The Strait of Hormuz is a key global energy chokepoint, and the company said on Tuesday rerouting has increased logistics costs with the prolonged conflict also raising raw material prices.

News Source:- https://money.usnews.com/investing/news/articles/2026-04-21/halliburton-posts-higher-first-quarter-profit
 
 
 

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