SLB Sees ‘Constructive’ Second Half Despite Demand Uncertainty

SLB, the world’s largest oil-services provider, sees resiliency in the industry and remains constructive about the second half of 2025 despite uncertainties in customer demand.

“Despite pockets of activity adjustments in key markets, the industry has shown that it can operate through uncertainty without a significant drop in upstream spending,” SLB Chief Executive Officer Olivier Le Peuch said in a statement Friday. “This has been driven by the combination of capital discipline and the need for energy security.”

His comments came as SLB posted second-quarter adjusted profit of 74 cents a share, exceeding analyst expectations.

SLB, which gets ...