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SLB: Tariff War Makes Upstream Players Wary

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Oil-field services giant SLB echoed rivals Halliburton and Baker Hughes on Friday with warnings that a challenging business environment looks set to push global upstream oil and gas spending lower this year.

Topics:
Oil-Field Services, Earnings, Corporate Strategy, Tariffs, Policy and Regulation, Trade, Oil Prices
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An executive said last week that the firm was within "days" of pulling the plug on the venture after the Trump administration halted its construction in April.
Mon, May 12, 2025
First-quarter revenue rose slightly year on year on increased sales of gas, refined and chemical products, and higher traded volumes of crude oil.
Mon, May 12, 2025
Gas operators expect little change in drilling and completion costs this year, with falling oil prices potentially offsetting rising materials prices.
Fri, May 9, 2025