SLB Reaffirms 2024 Financial Guidance
January 30 2024 - 6:00PM
Business Wire
Company remains confident in the strength and longevity of
the cycle
Regulatory News:
SLB (NYSE: SLB) today announced that it is reaffirming its
full-year 2024 financial guidance.
“We acknowledge the decision by Saudi Aramco to maintain its
Maximum Sustainable Capacity (MSC) at 12 million barrels per day
(MMBD), and not to continue increasing MSC to 13 MMBD,” said SLB
Chief Executive Officer Olivier Le Peuch. “We continue to work very
closely with Saudi Aramco, and our understanding is that all
ongoing oil and gas projects remain intact and that only two
offshore oil increment projects not yet started will be
suspended.”
“Our forecast for significant growth for 2024 in the Kingdom
remains intact. Looking ahead, the combination of our revenue mix
in the Kingdom, which is weighted toward onshore and the expanding
gas market, and our unique market position in other countries in
the Middle East will continue to support the multi-year growth
cycle in the region.”
“As we shared during our most recent earnings release, global
energy demand continues to increase, and international production
is expected to play a key role in meeting supply through the end of
this decade. Given this, we are confident in the strength and
longevity of this cycle through 2024 and beyond.”
About SLB
SLB (NYSE: SLB) is a global technology company that drives
energy innovation for a balanced planet. With a global footprint in
more than 100 countries and employees representing almost twice as
many nationalities, we work each day on innovating oil and gas,
delivering digital at scale, decarbonizing industries, and
developing and scaling new energy systems that accelerate the
energy transition. Find out more at slb.com.
Cautionary Statement Regarding Forward-Looking
Statements
This press release contains “forward-looking statements” within
the meaning of the U.S. federal securities laws — that is,
statements about the future, not about past events. Such statements
often contain words such as “expect,” “may,” “can,” “estimate,”
“intend,” “anticipate,” “will,” “potential,” “projected" and other
similar words. Forward-looking statements address matters that are,
to varying degrees, uncertain, such as forecasts or expectations
regarding the deployment of, or anticipated benefits of, SLB’s new
technologies and partnerships; statements about goals, plans and
projections with respect to sustainability and environmental
matters; forecasts or expectations regarding energy transition and
global climate change; and improvements in operating procedures and
technology. These statements are subject to risks and
uncertainties, including, but not limited to, the inability to
achieve net-negative carbon emissions goals; the inability to
recognize intended benefits of SLB’s strategies, initiatives or
partnerships; legislative and regulatory initiatives addressing
environmental concerns, including initiatives addressing the impact
of global climate change; the timing or receipt of regulatory
approvals and permits; and other risks and uncertainties detailed
in SLB’s most recent Forms 10-K, 10-Q and 8-K filed with or
furnished to the U.S. Securities and Exchange Commission. If one or
more of these or other risks or uncertainties materialize (or the
consequences of such a development changes), or should underlying
assumptions prove incorrect, actual outcomes may vary materially
from those reflected in our forward-looking statements. The
forward-looking statements speak only as of the date of this press
release, and SLB disclaims any intention or obligation to update
publicly or revise such statements, whether as a result of new
information, future events or otherwise.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20240130109696/en/
Media Josh Byerly Vice President of Communications Moira Duff
Director of External Communications SLB Tel: +1 (713) 375-3407
Email: media@slb.com
Investors James R McDonald SVP of Investor Relations &
Industry Affairs Joy V. Domingo Director of Investor Relations SLB
Tel: +1 (713) 375-3535 Email: investor-relations@slb.com
Schlumberger (NYSE:SLB)
Historical Stock Chart
From Apr 2024 to May 2024
Schlumberger (NYSE:SLB)
Historical Stock Chart
From May 2023 to May 2024