SLB Expects Global Upstream Investment To Decline Compared To 2024
ReutersApr 25, 2025 2:38 PM
April 25 (Reuters) - Schlumberger NV SLB.N:
SLB CEO LE PEUCH EXPECTS GLOBAL UPSTREAM INVESTMENT TO DECLINE COMPARED TO 2024
SLB CEO LE PEUCH EXPECTS FLAT TO MID-SINGLE DIGIT REVENUE GROWTH IN THE SECOND HALF OF THE YEAR COMPARED WITH THE FIRST HALF
SLB SAYS HALF OF CO'S OPERATIONS ARE POTENTIALLY EXPOSED TO INCREASING TARIFFS, PARTICULARLY ON RAW MATERIAL IMPORTS AND EXPORTS BETWEEN U.S. AND CHINA
SLB SAYS SHOULD START TO SEE A MORE SUSTAINED GROWTH FROM SAUDI ARABIA STARTING LATER THIS YEAR AND INTO 2026
SLB EXPECTS MARGIN EXPANSION BETWEEN 50 AND 100 BASIS POINTS IN Q2 FROM Q1 AFTER TAKING INTO ACCOUNT THE CURRENT TARIFF FRAMEWORK
Source text: Q1 Conference Call
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