How's the future of slb

Schlumberger's future appears to be one of resilience and growth, with several factors indicating a positive outlook:

1. Revenue and Profit Growth: Schlumberger's revenues are forecasted to grow by 17% year-over-year to $32.9 billion for the fiscal year 2023, with expectations of high single-digit sequential revenue growth in the fourth quarter. The company's EPS is also expected to reach $0.92 for the quarter ending September 30, 2024.
2. Strategic Acquisitions: Schlumberger's acquisition of ChampionX Corporation is expected to add roughly $400 to $500 million in incremental revenue in the fourth quarter of 2023, with pretax operating margins in the low teens. This strategic move is likely to enhance the company's position in the market.
3. Geopolitical Stability: Schlumberger's forecast for significant growth in the Kingdom remains intact, despite the Saudi Aramco decision to maintain its Maximum Sustainable Capacity at 12 million barrels per day. The company's revenue mix in the Kingdom, weighted toward onshore and the expanding gas market, along with its unique market position in other countries in the Middle East, suggests a robust growth cycle in the region.
4. Innovation and Decarbonization: Schlumberger's transformation from an oilfield services company to a global technology company focused on driving energy innovation for a balanced planet underscores its commitment to addressing the world's energy needs while decarbonizing. This new identity aligns with the energy transition and sustainability goals, which are becoming increasingly important to stakeholders.
5. Analyst Confidence: The consensus rating for Schlumberger is a "Strong Buy," with an average price target of $62.59, indicating analyst confidence in the company's future performance.
6. Market Position: Schlumberger's activity outlook in the Middle East looks robust, with record investment by national oil companies continuing for multiple years. This positions the company well to benefit from the ongoing energy demand growth and the transition to a more sustainable energy mix.

In conclusion, Schlumberger's future appears to be one of growth, innovation, and strategic positioning. The company's focus on technology, decarbonization, and stability in key markets suggests a positive outlook for its continued success in the evolving energy landscape.