US EditionSLB's Profit Exceeds Forecasts Due to Steady Demand for Oilfield Services
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SLB's Profit Exceeds Forecasts Due to Steady Demand for Oilfield Services
SLB’s performance improvement occurred due to stable demand for its services in certain international regions, which helped offset the slowdown in drilling operations in North America, Mexico, and Saudi Arabia. The company, the first among the major American oilfield service providers to release its report, had previously noted reduced activity in Saudi Arabia and Latin America, where drilling rigs were shut down and short-term projects slowed. …
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