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SLB Surprises with Upcycle Signal | Durham News
SLB just crushed Wall Street’s expectations with a strong earnings report, posting 55 cents a share—4 cents above forecasts—despite Middle East turmoil and falling oil prices. CEO Olivier Le Peuch ignited buzz by calling the market an “upcycle,” signaling a shift toward long-term energy security investments as nations diversify supply chains. Revenue rose 3% to $8.97 billion, with growth in Latin America, Europe, Africa, North America, and Asia offsetting Middle East declines. Most exciting? Their AI-focused Data Center Solutions unit surged 33% and is projected to hit $2 billion by…
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