Should Investors Steer Clear of SLB Stock After Strong Q3 Earnings?

Last week, SLB (SLB) reported strong third-quarter 2024 results, driven by earnings growth from the Production Systems and Digital & Integration business segments. Despite the positive, the oilfield service giant's overall business outlook is not impressive.Before delving into the underlying reasons for the subdued outlook and addressing how investors should strategically position themselves regarding the stock, let’s first review the third-quarter results.SLB’s Q3 Earnings SnapshotOn Oct. 18, SLB reported ...