Shares of energy companies declined after a growth warning from one major player on the U.S. oil patch.
Halliburton fell after the oilfield-services giant said activity slowed in some North American land-drilling operations in the fourth quarter, and warned of more softening in activity in 2025. Shares of rival SLB, which had surged in the wake of its results last week, fell by more than 5%.
Liquefied-natural-gas producer Venture Global slashed the proposed price range for its initial public offering, suggesting investor push back on the deal despite President Trump's pro-energy agenda.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
January 22, 2025 17:15 ET (22:15 GMT)
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