International RevenueSLB reported a decline in international revenue driven by challenges in Mexico, Saudi Arabia, and Russia, which negatively impacted overall performance.
North America MarketFlagged continued North America weakness due to lower onshore capital expenditures, greater drilling efficiency, and slower capacity expansions versus expectations.
Oil SupplyExcess oil supply is expected to be a challenge in 2025, although management is optimistic about the market balancing over time.