International and Aker's subsea operations will drive Q1 growth. SLB expects new subsea bookings to grow 25% YoY to over USD 4 billion in 2024. The ChampionX acquisition will boost FCF from 2025.
What is covered in the Full Insight:
Schlumberger’s Financial Expectations for Q2 2024
Growth Drivers: International Markets and Subsea Operations
Risks: OPEC Cuts and North American Weakness
Q1 Revenue Analysis
Implied Volatility and Hypothetical Trade Setup
SUMMARY
(Sign Up to Access)
Get started on the Smartkarma Research Network with a complimentary Preview Pass to:
Unlock all research summaries
Follow top, independent analysts
Receive personalised alerts and emails
Access Briefings, Analytics, and Events
Upgrade anytime to our paid plans for full-length research, real-time analyst discussions, and more.
Join a thriving community of 45,000+ investors, including the top global asset managers managing over $13trn in assets.