BKR - Will rising oil & gas prices push Schlumberger's Q1 Earnings higher?

Schlumberger (NYSE:SLB) is scheduled to announce Q1 earnings results on Friday, April 22nd, before market open. The consensus EPS Estimate is $0.33 (+57.1% Y/Y) and the consensus Revenue Estimate is $5.9B (+13.0% Y/Y). Over the last 2 years, SLB has beaten EPS estimates 100% of the time and has beaten revenue estimates 50% of the time. Over the last 3 months, EPS estimates have seen 0 upward revisions and 18 downward. Revenue estimates have seen 3 upward revisions and 10 downward. In Q4, the company said that is planning to boost spending by 18% to $1.9B-$2B this year (compared to $1.7B in 2021), serving North American oil explorers who should dominate activity in the first half of the year, followed by international growth in the final six months. CEO Olivier Le Peuch believes that global demand-led capital spending will drive an exceptional multi-year growth cycle. Peer company Halliburton CEO Jeff Miller said

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Will rising oil & gas prices push Schlumberger's Q1 Earnings higher?