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Oil Daily | SLB Earnings Drop Amid Upstream Uncertainties; Halliburton, Baker Hughes Share Concerns

Market BriefSaturday, Apr 26, 2025 8:01 am ET
1min read
【Industry News】

The world’s largest oilfield services provider, slb, reports first-quarter earnings of $0.72 per share, marking a 4% decrease from the previous year and a 22% drop compared to the fourth quarter of 2024. SLB warns of uncertainties in upstream investment due to economic slowdown, fluctuating oil prices, and tariff impacts. halliburton and baker hughes also voice concerns over macroeconomic and trade policy uncertainties affecting drilling plans.

【Latest Oil Policies】

The Trump Administration urges the International Energy Agency (IEA) to prioritize energy security and fossil fuel supply over renewable energy. The U.S. stance frustrates European officials who support clean energy transition. The IEA's mixed messages on upstream investment have drawn criticism from OPEC, highlighting the agency's inconsistent focus on energy realities.

【Others】

India considers allowing foreign companies to own up to a 49% stake in nuclear power plants, aiming to boost nuclear power generation as part of a long-term energy strategy. India targets 100 GW of nuclear capacity by 2047 and plans to amend liability laws to attract foreign investment, especially from U.S. companies. ntpc plans significant investment in nuclear capacity.

【Oil-Producing Countries Dynamics】

Iraq explores restoring an oil pipeline through Syria to Mediterranean ports. Discussions include counterterrorism cooperation and securing shared borders. Following Syria's energy crisis post-Assad, oil flows from Kurdish-controlled regions to Damascus have resumed, marking a move toward reconciliation and stability.

【Others】

Canadian consumer interest in electric vehicles (EVs) declines, with only 42% considering an EV as their next vehicle, down from 68% in 2022. The phase-out of federal incentives and insufficient charging infrastructure deter buyers despite lower EV prices. EV sales in Canada are projected to decrease in 2025 due to reduced incentives and other challenges.
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MonstarGaming
04/26
SLB earnings tank, time to hedge bets?
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Doctaglobe
04/26
@MonstarGaming What's your target for SLB?
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Roneffect
04/26
@MonstarGaming Yep, SLB's a bumpy ride.
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werewere223
04/26
HALliburton and Baker Hughes in the same boat. Drilling plans hit by macro uncertainties. What's your play?
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RhinoInsight
04/26
India going nuclear, big opportunity or risk?
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DisabledScientist
04/26
SLB earnings down, but holding long-term. Upstream volatility just part of the game. 🤔
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DaddyLungLegs
04/26
Oilfield services feel the pinch as upstream investment falters. Gotta hedge those bets, folks.
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acg7
04/26
EV interest dipping, charging infra key
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Fauster
04/26
@acg7 Lol, EV interest tanking.
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MeesterJoram
04/26
@acg7 Charging infra matters, no doubt.
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MonstarGaming
04/26
HALliburton struggling, is it a buy or no?
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werewere223
04/26
@MonstarGaming What’s your timeline for holding HAL? Are you looking for a short-term flip or a longer hold?
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vdeventa
04/26
SLB's earnings drop, but I'm holding long. Upstream investments will bounce back when oil prices stabilize.
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Anonym0us_amongus
04/26
@vdeventa How long you planning to hold SLB? You think oil prices will stabilize soon?
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United-Dot-6129
04/26
@vdeventa I'm with you on SLB. Holding long too. Oil's still crucial.
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AlmightyAntwan12
04/26
Oil prices volatile, my portfolio's on edge. 😅
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Squanc
04/26
Holy!The SLB stock triggered a trading signal, resulting in substantial gains for me.
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