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SLB Joins Other Oilfield Services Giants to Warn of Gloomier Outlook

OilPrice · Charles Kennedy · last updated
The world’s biggest oilfield services provider, SLB (NYSE: SLB), flagged heightened uncertainties about upstream oil and gas investment amid fears of economic slowdown, fluctuating oil prices, and unknown tariff talks outcomes and impacts.   SLB reported on Friday earnings per share (EPS) of 0.72 for the first quarter, which it described as “subdued”, and flagged potential changes in the industry’s appetite for upstream investment going forward. SLB’s first-quarter earnings fell by 4% from the same period last…
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