- Schlumberger is expected to produce 49% earnings growth in 2022 and achieve annual earnings growth of 35% over the coming three years.
- The energy services industry reached a cyclical bottom in 2021 as the pandemic caused demand to collapse. The dramatic collapse was the culmination of a 6-year downtrend for the industry.
- Supply and demand fundamentals for oil and gas are remarkably strong following the 6-year downtrend. Olivier Le Peuch, Schlumberger’s CEO, expects “an exceptional growth cycle”.
- The coming growth cycle is the third of this century. Schlumberger shares peaked at $115 and $118 respectively in the prior two cycles, 310% above the current price.
- With an expected return spectrum of -14% to +196%, Schlumberger offers an unusually asymmetric growth opportunity for an exceptionally high-quality, industry leader.
For further details see:
Schlumberger: A Top Choice For Cyclical Growth Through 2023