SLB Shows Confidence in Its Multi-Year Growth Cycle
SLB (SLB) made an announcement reiterating its full-year 2024 guidance. It has mentioned Saudi Aramco’s decision to not expand the Maximum Sustainable Capacity (MSC) to 13 million barrels per day (MMBD). Instead, the MSC would be maintained at 12 MMBD. Additionally, SLB has said that it will continue to work closely with Saudi Aramco and its ongoing oil and gas projects will not see any changes; only two offshore oil production development projects that haven’t begun operations yet will be suspended.SLB has ...