SLB anticipates decrease in global upstream investment in 2025

SLB anticipates decrease in global upstream investment in 2025

Despite these challenges, SLB reported total revenue of $8.55bn in Q2. Credit: JHVEPhoto/Shutterstock.com. Oilfield services giant SLB issued a cautionary statement on Friday, indicating a possible downturn in global upstream spending in 2025, especially in North and Latin America. North America is particularly vulnerable to these anticipated short-cycle expenditure cuts, whereas regions such as Asia…

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