SLB sees investment shifting toward production optimization and enhanced recovery
SLB•SLB•SLB•SLB•SLB said investment is shifting toward production optimization and enhanced recovery in existing assets. It expects fourth-quarter revenue of about $10 billion, up 5%-7% sequentially, and sees Venezuela revenue more than doubling in 2026, with multi-fold growth in 2027.
SLB said investment is shifting toward production optimization and enhanced recovery in existing assets. The company expects fourth-quarter revenue of about $10 billion, up 5%-7% sequentially, and adjusted EBITDA margin to rise 100-150 basis points.
SLB expects fourth-quarter Middle East revenue to be flat sequentially at about $1.9 billion, while revenue excluding the Middle East is expected to grow at a high-single-digit rate year over year. It sees Venezuela revenue more than doubling in 2026, with multi-fold growth in 2027, and said resolving Middle East disruptions could unlock deferred activity and boost 2027 growth.
