SLB Warns of Flat Q2 on Saudi and Latin America Activity Slowdown

Key Takeaways SLB expects Q2 revenues and EBITDA to be flat due to weaker drilling in Saudi Arabia and Latin America. Paused activity at Jafurah and short-cycle pullback in Latin America hurt SLB's performance. SLB sees margin pressure from an unfavorable activity mix but retains its $4B shareholder return target.SLB (SLB) , the oilfield services giant, anticipates its second-quarter 2025 revenues and core profit to remain flat on a sequential basis, primarily due to an unexpected slowdown in drilling act ...