SLB Ltd

SLB: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	GZ	LOCK\|NQYt	LOCK\|y@R%S^r

SLB: Raising Uncertainty Rating on More Challenging Macroeconomic Environment

Joshua Aguilar

Sep 22, 2025

Over the past year, OPEC+ has authorized several crude production increases that could oversupply the market next year. The US EIA expects global production will rise by roughly 3.0 million barrels per day by year-end from last year, while demand will grow by only 1.2 million barrels per day.

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SLB Ltd

SLB: Raising Uncertainty Rating on More Challenging Macroeconomic Environment

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