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-0.000414536410114704 0.000414536410114704 -0.0035926488876607 -0.006356224955092 -0.0163050987978445 -0.0218322509327069 -0.0186541384551609 -0.0214177145225922
Stock impact report

US oil service firms set for hit from Trump tariffs, tumbling oil prices [Yahoo! Finance Canada]

Baker Hughes Company (BKR) 
Financial services firm Morningstar lowered its fair value estimates for the big three oilfield service firms, SLB, Halliburton, and Baker Hughes, by 3-6% following Trump's tariff announcement on Wednesday. Those firms could see a 2-3% dip in oilfield revenue in 2025. For each dollar lost in revenue, Morningstar estimates the big three could see $1.25-$1.35 in lost operating profit. "Pipes, valve fittings, sucker rods are going to be impacted by tariffs, which will be felt by the big three in particular where they have multi-national sourcing strategies," said Rystad Energy's vice president of supply chain research, Ryan Hassler. Shares of SLB, the world's largest oil services firm, sank 12% on Friday to $34.60, its lowest since September 2022, according to data from LSEG. Halliburton stock slumped 10% to just over $20, and Baker Hughes tumbled 11% to around $36.40. Trump introduced reciprocal tariffs on Wednesday, implementing a 10% baseline duty on most U.S. imports, with s Show less Read more
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