Halliburton says Mexico oil output decline rates will pressure reactivation of business
July 22, 2025
(Investing) – HOUSTON -U.S. oilfield service provider Halliburton (NYSE:HAL) on Tuesday said Mexico’s crude production decline rates are creating pressure for a reactivation of business amid long delays from state-run Pemex to pay its suppliers. Output of crude and condensate by Pemex, the largest producer in the country, fell 8.4% in May to 1.64 million barrels per day, according to official figures.
