SLB Ltd
SLB: XNYS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| x> | LOCK|X#Bs | LOCK|?LkVrL& |
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.
