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北美需求回暖+收购红利 斯伦贝谢(SLB.US)Q3利润超预期
智通财经网· 2025-10-17 12:26
Group 1 - The core viewpoint of the articles highlights Schlumberger's better-than-expected Q3 earnings, driven by stable demand in the North American market and contributions from the acquisition of ChampionX, which offset weakness in other regions [1][3] Group 2 - The North American oilfield market is stabilizing after months of spending cuts, while international market demand remains weak, which has historically been a major profit source for Schlumberger [1] - According to the EIA, U.S. crude oil production is expected to reach a record high of 13.41 million barrels per day by 2025, driven by improved production efficiency, which will continue to boost demand for drilling equipment and related services [1] - Baker Hughes' latest data shows a 3% quarter-over-quarter increase in the number of active drilling rigs in North America, reaching 718 rigs, while the international rig count remains at 1,080 [1] - International business revenue, which accounts for about 80% of Schlumberger's total revenue, decreased by 7% to $6.92 billion, while North American business revenue increased by 14% to $1.93 billion [1] - Adjusted earnings per share for the quarter reached $0.69, surpassing analysts' expectations of $0.66 [1] Group 3 - Schlumberger's CEO described the quarterly performance as "resilient" amid current oil market oversupply and geopolitical uncertainties [3] - The company anticipates a rebound in international business supported by ongoing investments in oil capacity, natural gas expansion projects, and positive prospects in deepwater operations as the oil and gas market rebalances [3] - The completion of the $7.75 billion acquisition of ChampionX provided new momentum for the quarterly earnings performance [3] - Total revenue decreased by 2.5% year-over-year to $8.928 billion, but increased by 4% quarter-over-quarter; excluding the acquisition's impact, global revenue actually declined by 9% year-over-year [3]