SLB Expects Global Upstream Investment To Decline Compared To 2024
Reuters
04-25
April 25 (Reuters) - Schlumberger NV :: *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