The company SLB reaffirms its financial guidance for the full year of 2024.
SLB respects Saudi Aramco's decision to sustain its Maximum Sustainable Capacity (MSC) at 12 million barrels per day, rather than expanding to 13 million. SLB maintains a close working relationship with Saudi Aramco, and ensures that all ongoing oil and gas projects are still in progress; only two uninitiated offshore oil increment projects are being paused.
SLB is confident about its prediction of robust growth within the Kingdom for 2024. Looking forward, SLB believes that the combination of the revenue profile in the Kingdom - which favours onshore operations and the growing gas market - along with its unique market position in other Middle Eastern countries, is continuing to perpetuate a multi-year growth cycle in the region.
