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Reuters

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Business & Economics

US oilfield giants brace for tough times as price slide rattles producers

Reuters
Summary
Nutrition label

81% Informative

SLB , Halliburton , and Baker Hughes all flagged cautious customer spending in their first-quarter reports.

Many producers have warned that drilling becomes unprofitable below $ 65 per barrel.

Diamondback Energy trimmed its 2025 capital budget by $400 million and said it would drill and complete fewer wells.

VR Score

91

Informative language

96

Neutral language

77

Article tone

formal

Language

English

Language complexity

53

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

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