SLB Ltd

SLB: XNYS (USA)
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SLB: Closing ChampionX Should Allow It to Deliver on Synergies; This Is a Big Test for the Stock

SLB reported second-quarter revenue of $8.5 billion, a 1% sequential increase, but a 6% year-on-year decline. Adjusted EBITDA grew 21 basis points to 24% sequentially but decreased 103 basis points year-on-year. SLB also updated its second-half guidance and closed the acquisition of ChampionX.

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