SLB Sees Global Mid-Single-Digit Growth in Oilfield Services and Equipment Market Activity

SLB forecast mid-single-digit expansion in global oilfield services and equipment market activity for 2027, with the outlook tied to Middle East activity remaining at second-half 2026 levels and no material escalation in the regional conflict. The forecast concerns industry activity rather than a 2027 sales or earnings target for SLB. A return to more normal activity in the Middle East could add upside to the forecast. SLB shares rose 7.08% Friday, Oct. 23, ending the session at $53.06 on the New York Stock Exchange, compared with $49.55 at the prior close. The market closed at 4 p.m. ET (20:00 UTC).

Source: TokenPost