July 21, 2025--Written by Daniel Graeber for Industrial Info Resources (Sugar Land, Texas)--SLB (Houston, Texas), formerly Schlumberger, reported net income over the three-month period ending June 30 of $1.01 billion, a 27% improvement over first quarter levels but 9% lower from the same period in 2024. Olivier Le Peuch, the company's chief executive officer, said the energy market is facing headwinds ranging from a supply glut to trade tensions and geopolitical conflict.
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