An uptick in global offshore development, combined with expansion of natural gas opportunities overseas, bode well for SLB Ltd. to improve activity in 2023, CEO Olivier Le Peuch said last week. 

SLB Earnings

All signs point in a positive direction, Le Peuch said, after the world’s No. 1 oilfield services (OFS) operator closed out a “remarkable year.” He joined his executive team in a conference call to discuss quarterly and 2022 performance, as well as the year ahead.

“All divisions and geographical areas,” outperformed in 2022, Le Peuch told investors. The year also ended with “robust” sales for digital offerings, and “particularly strong service activity offshore and in the Middle East, where we witnessed a significant inflection as capacity expansion projects...