SLB is on track to add about $5 billion in revenue this year, and sees similar potential for growth in 2024, mainly helped by increased drilling in international markets, CEO Olivier Le Peuch said at a conference on Wednesday. SLB, the world's largest oilfield service company and former Schlumberger, is betting on a recent resurgence in offshore and international drilling in regions like the Middle East to boost revenue as North America drilling has lagged. 'Directionally, we see the potential to repeat this by adding similar revenue and EBITDA dollar growth in 2024,' Le Peuch said at a Barclays energy conference.
New SLB logo seen in Houston, Texas
SLB, the world's largest oilfield service company and former Schlumberger, is betting on a recent resurgence in offshore and international drilling in regions like the Middle East to boost revenue as North America drilling has lagged. It also expects to grow earnings before interest, tax, depreciation and amortization by $1.5 billion this year. It had previously forecast adjusted EBITDA percentage growth in the mid-20s, which at its midpoint translated to $1.6 billion.
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