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We remain confident in the strength and length of this cycle
Houston, January 31, 2024–(BUSINESS WIRE)–Regulatory news:
SLB (NYSE:SLB) today announced that it has reaffirmed its full-year 2024 financial guidance.
“We acknowledge Saudi Aramco’s decision to maintain sustainable maximum production capacity (MSC) at 12 million barrels per day (MMBD) and not to continue increasing MSC to 13 MMBD,” SLB Chief Executive Officer said Olivier Le Pouche, CEO. “We continue to work very closely with Saudi Aramco, and our understanding is that all ongoing oil and gas projects will remain in place, with only two offshore oil expansion projects that have not yet started being cancelled. .”
“Our forecast for strong growth in Saudi Arabia in 2024 remains unchanged. Looking to the future, we look forward to our revenue mix in Saudi Arabia, with an emphasis on onshore and expanding gas markets, and our unique growth in other countries in the Middle East. The combination of market positions will be key.”We continue to support the region’s multi-year growth cycle. ”
“As we shared in our recent earnings call, 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 our energy.” This cycle will continue until 2024 and beyond. ”
About SLB
SLB (NYSE: SLB) is a global technology company driving energy innovation for a balanced planet. With global presence in more than 100 countries and nearly twice as many nationalities as employees, we accelerate oil and gas innovation, digital delivery at scale, industrial decarbonization and the energy transition. We work every day to develop and expand new energy systems. For more information, please visit slb.com.
Cautionary note regarding forward-looking statements
This press release contains “forward-looking statements” within the meaning of the U.S. federal securities laws, which are statements that relate to the future and do not relate to past events. Such statements include words such as “expects”, “may”, “could”, “estimates”, “intends”, “anticipates”, “plans”, “could”, ” “expected,” and other similar words. Forward-looking statements address matters that are of varying degrees of uncertainty, including SLB’s expectations and expectations regarding the introduction of, or the anticipated benefits of, new technologies and partnerships. Statements regarding goals, plans and projections regarding sustainability and environmental issues. Projections or expectations regarding the energy transition and global climate change. Improving operating procedures and techniques. These statements involve risks and uncertainties. This includes, but is not limited to, failure to meet net negative carbon emissions targets; failure to realize the intended benefits of SLB’s strategies, initiatives or partnerships; legislative and regulatory efforts to address environmental issues, including efforts to address the effects 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 filed with the Securities and Exchange Commission. If one or more of these or other risks or uncertainties materialize (or as a result of such changes in development), or if underlying assumptions prove incorrect, actual results may vary from the Company’s They may differ materially from those reflected in the forward-looking statements. Forward-looking statements speak only as of the date of this press release, and SLB reserves the right to publicly update or revise such statements, whether as a result of new information, future events or otherwise. without any intention or obligation.
View source version on businesswire.com. https://www.businesswire.com/news/home/20240130109696/ja/
contact address
media
Josh Byerly
Vice President of Communications
Moira Duff
Director of External Communications
S.L.B.
Phone number: +1 (713) 375-3407
Email: media@slb.com
Investor
James R. McDonald
Senior Vice President, Investor Relations and Industry Affairs
Joy V. Domingo
Director of Investor Relations
S.L.B.
Phone number: +1 (713) 375-3535
Email: investor-relations@slb.com
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