Liberty Energy (LBRT) & Energy Realities Chris Wright, Chairman & CEO | Liberty Energy (LBRT) EnerCom Denver | August 19, 2024 Important Disclosures 2 Creating Value with a Leading Completions and Power Solutions Portfolio FORWARD LOOKING STATEMENTS The information in this presentation includes "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of h ...

Company Overview - SLB is reorienting its business to adapt to depressed activity levels, particularly in the onshore US market, with a focus on long-term growth in its New Energy and Digital businesses [1] Investment Strategy - Narweena, an asset manager led by Richard Durant, seeks to identify market dislocations due to poor understanding of long-term business prospects, aiming for excess risk-adjusted returns through secular growth opportunities in markets with barriers to entry [1] - The research process emphasizes company and industry fundamentals to uncover unique insights, with a high risk appetite and long-term investment horizon targeting deeply undervalued stocks [1] Market Dynamics - An aging population with low growth and stagnating productivity is expected to create new investment opportunities, contrasting with industries facing stagnation or secular decline, which may improve business performance due to reduced competition [1] - The economy is increasingly dominated by asset-light businesses, leading to a declining need for infrastructure investments, resulting in a large pool of capital chasing limited investment opportunities, driving up asset prices and compressing risk premia over time [1] Leadership Background - Richard Durant holds undergraduate degrees in engineering and finance from the University of Adelaide and an MBA from Nanyang Technological University, along with having passed the CFA exams [1]

Key Takeaways HAL will design and operate demo wells for GeoFrame's lithium project in East Texas. The project aims to meet full U.S. lithium demand with 83,500 tons of output per year. Halliburton will play a critical role in the project by providing full field development services.Halliburton Company (HAL) has secured a significant contract to support GeoFrame Energy’s direct lithium extraction and geothermal project in East Texas. The company will plan and design the first demonstration wells in the Sm ...

Archrock Inc. (AROC) ended the recent trading session at $24.36, demonstrating a -2.33% change from the preceding day's closing price. The stock trailed the S&P 500, which registered a daily gain of 0.96%. Meanwhile, the Dow experienced a rise of 0.89%, and the technology-dominated Nasdaq saw an increase of 0.94%. Shares of the natural gas compression services business have appreciated by 0.65% over the course of the past month, underperforming the Oils-Energy sector's gain of 6.67%, and outperforming the S ...

Schlumberger (SLB) closed the most recent trading day at $33.73, moving -5.89% from the previous trading session. The stock's performance was behind the S&P 500's daily gain of 0.96%. On the other hand, the Dow registered a gain of 0.89%, and the technology-centric Nasdaq increased by 0.94%. Prior to today's trading, shares of the world's largest oilfield services company had gained 6.48% lagged the Oils-Energy sector's gain of 6.67% and outpaced the S&P 500's gain of 0.5%.Market participants will be closel ...

Key Takeaways HAL and Petronas will use AI-powered tools to speed up exploration and improve accuracy. The Unified Ensemble Modeling enables faster, more accurate geological scenario analysis. HAL's Geosciences Suite supports better decisions by enhancing collaboration and reducing errors.Halliburton Company (HAL) has announced a strategic collaboration with Petronas Carigali to deploy cutting-edge technologies for subsurface modeling and reservoir management. At the core of this partnership is the adopti ...

June 20, 2025 04:27 AM GMT Energy Sub-Sector Playbook June 2025 Marketing Deck 2025 June 19, 2025 Morgan Stanley & Co. LLC Devin McDermott Equity Analyst and Commodities Strategist Devin.McDermott@morganstanley.com +1 212 761-1125 Joe Laetsch, CFA Equity Analyst Joe.Laetsch@morganstanley.com +1 212 761-8804 Robert S. Kad Equity Analyst Robert.Kad@morganstanley.com +1 212 761-0065 Dan Kutz, CFA Equity Analyst Dan.Kutz@morganstanley.com +1 212 761-0899 Brian Gibbons, CFA Credit Analyst Brian.Gibbons@morgansta ...

Key Takeaways SLB outperformed the oil-energy sector and peers over the past six months. SLB trades above its 50-day SMA and has a VGM Score of B, showing value and positive earnings surprises. Strong global exposure, new energy ventures and data center growth support SLB despite oil price risksShares of SLB (SLB) have fallen 6.5% in the past six months, outperforming the oil-energy sector’s decline of 8.2%. The company also outperformed its peers, Core Laboratories (CLB) and Oceaneering International, In ...

Schlumberger (SLB) ended the recent trading session at $36.30, demonstrating a +1.88% change from the preceding day's closing price. The stock exceeded the S&P 500, which registered a loss of 1.13% for the day. Meanwhile, the Dow lost 1.79%, and the Nasdaq, a tech-heavy index, lost 1.3%. The world's largest oilfield services company's stock has dropped by 0.25% in the past month, falling short of the Oils-Energy sector's gain of 5.03% and the S&P 500's gain of 3.55%.The investment community will be paying c ...

Core Insights - Chevron Corporation's subsidiary, Chevron U.S.A. Inc., has partnered with Halliburton Company to introduce an innovative hydraulic fracturing method that enhances efficiency and asset performance in shale production [1][3][20] Group 1: Technological Advancements - The collaboration has led to the development of an intelligent fracturing process that automates completion operations, replacing manual intervention with machine-driven decision-making [2][10] - Halliburton's ZEUS IQ platform is central to this system, utilizing advanced technologies like the OCTIV auto frac system and Sensori monitoring to create a dynamic closed-loop system [4][9] - The system adapts to geological changes in real time, ensuring optimal energy delivery and reducing waste during hydraulic fracturing operations [5][14] Group 2: Operational Efficiency - The automated system significantly reduces execution variability, leading to more consistent results across different stages and wells compared to traditional methods [11][12] - Chevron's proprietary algorithms leverage historical and real-time data to make immediate adjustments to fracturing strategies, enhancing overall asset performance [6][13] - The closed-loop system minimizes excess pumping and fluid consumption, contributing to a lower carbon footprint and more environmentally responsible operations [15][16] Group 3: Strategic Collaboration - The partnership between Chevron and Halliburton exemplifies the integration of digital infrastructure with field operations, enabling rapid deployment and testing of innovations [8][10] - This collaboration is positioned to serve as a model for future global oilfield operations, potentially transforming how wells are completed and optimized [17][18] Group 4: Future Implications - The intelligent system's scalable architecture and machine learning capabilities suggest a promising future for widespread adoption across North America and beyond [18][20] - As the industry faces more complex reservoirs and environmental challenges, such innovations will be crucial for enhancing energy recovery while maintaining operational control [20]