SLB Says Q4 Revenue To Grow In High Single Digits Sequentially; Will Be Responding As Fast As Co Can And Mobilizing Resource And Equipment To Respond And Participate In Venezuela As Us Eases Sanctions
Portfolio Pulse from Benzinga Newsdesk
Schlumberger (SLB) expects its Q4 revenue to grow in high single digits sequentially. The company also plans to mobilize resources and equipment to respond and participate in Venezuela as US eases sanctions.
October 20, 2023 | 2:27 pm
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Schlumberger's Q4 revenue is expected to grow in high single digits sequentially. The company is also preparing to increase its operations in Venezuela as US sanctions ease.
The expected growth in Q4 revenue indicates a positive financial outlook for Schlumberger, which could attract investors and drive up the stock price. Additionally, the easing of US sanctions on Venezuela opens up a new market for Schlumberger, potentially increasing its revenue and profitability in the future.
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