Schlumberger: Growth May Be Slowing, But The Buybacks Are Accelerating [Seeking Alpha]
ChampionX Corporation (CHX)
Company Research
Source: Seeking Alpha
Play 7min Summary SLB's Q3 comments suggested slightly muted growth expectations which spooked the market. The more important story is that the growth from the prior couple years is now trickling down to the free cash flow line. 2024 seems to have been the inflection year for share buybacks and 2025 will even more generous in this regard. All these buybacks are happening at a depressed stock price which will provide structural support for EPS down the road. JHVEPhoto/iStock Editorial via Getty Images Investment thesis Schlumberger ( NYSE: SLB ), the oilfield services behemoth, reported a slight Q3 earnings beat Friday although topline revenue growth fell a bit below expectations. The market reaction wasn't favorable to say the least: Data by YCharts With the exception of the well-known weakness in North America onshore, the company posted improving metrics across most of its other markets. Perhaps the part the market didn't like were these comments from the CF
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