*

Shares fall 3% despite beating Q4 profit estimates

*

North America revenue to decrease due to lower equipment

prices

*

International revenue seen flat due to lower Mexico

activity

(Adds outlook from conference call in lead, paragraph 3 and 4,

updates shares in paragraph 2)

By Arathy Somasekhar and Seher Dareen

Jan 22 (Reuters) - Halliburton ( HAL ) expects flat to

slightly lower revenues in 2025, the oilfield service company

said on Wednesday, warning of softer activity in North America

and Mexico.

Shares of the company, which beat analysts' estimates for

fourth-quarter profit by 1 cent, were down 3% at $28.61.

The tepid outlook echoed that of rival Schlumberger, which

flagged flat revenue in 2025 revenue as customers limited

activity and spending due to an oversupply of oil.

Halliburton ( HAL ) said it expects flat revenue from international

markets in 2025, due to lower activity in Mexico. Revenue from

international markets had gained 2.4% in the fourth quarter.

Revenue from North America, which accounted for 39% of the

company's total revenue, is set to decrease in the low to mid

single digits from 2024 levels, the company said, citing lower

negotiated prices for a portion of its equipment.

"We're not immune to pricing," said Jeff Miller, Chief

Executive Officer of Halliburton ( HAL ), calling the pricing impact

"very muted."

North America revenue fell 9% to $2.2 billion in the

reported quarter.

Completion and production services revenue eased 4.2% in

the quarter, while that from drilling and evaluation rose just

0.4%.

In the first quarter, completion and production revenue is

anticipated to decline 3% to 5% sequentially, while that from

its drilling and evaluation division is expected to decline 8%

to 10%.

Overall revenue of $5.61 billion was below analysts'

average expectation of $5.63 billion, according to data compiled

by LSEG.

Operating margins in the quarter shrank 1 percentage point

to 17%.

On an adjusted basis, the Houston-based company earned 70

cents per share in the quarter, compared with the average

analyst estimate of 69 cents, according to data compiled by

LSEG.