Mint Finance

Mint Finance's investment research blends deep fundamental analysis with technical & quant insights. Investment strategies straddle across multiple asset classes with risk management embedded into every trade to deliver an outsized reward-to-risk ratio.

Mint Finance's research is centered around three key themes. First, energy transition and climate change. Second, artificial intelligence. Third, shifting world order with its impact across politics and monetary economics.

Deep Fundamental Analysis

Oil and Gas, Mint Finance

Suhas Reddy

Oil and Gas

Equity Bottom-Up

<ul>
<li>Schlumberger’s revenue grew 10.2% YoY and missed estimates by 1.2%, while its net profit rose by 5.6% YoY and beat estimates by 0.6%.</li>
<li>Despite modest revenue growth, the company achieved its highest adjusted EBITDA margin since 2016 at 25.6%, driven by strong margin expansion in the digital and production systems segments.</li>
<li>SLB expects low to mid-single-digit growth in international upstream spending for 2025, while North American spending is forecasted to remain flat or slightly decrease.</li>
</ul>


Schlumberger’s revenue grew 10.2% YoY and missed estimates by 1.2%, while its net profit rose by 5.6% YoY and beat estimates by 0.6%.
Despite modest revenue growth, the company achieved its highest adjusted EBITDA margin since 2016 at 25.6%, driven by strong margin expansion in the digital and production systems segments.
SLB expects low to mid-single-digit growth in international upstream spending for 2025, while North American spending is forecasted to remain flat or slightly decrease.


[Earnings Review] SLB Delivers Robust Earnings Amid Sluggish Revenue Growth

Schlumberger Ltd

[Earnings Review] SLB Delivers Robust Earnings Amid Sluggish Revenue Growth