The market analysts seem tho thing that SLB’s Q3 earnings are satisfying (over the market prediction, less than the company expectations). It’s also no secret that the pipeline restraints in the US did their part, and that the results would have been better if that factor didn’t come into play.
What bothers me in this whole story is the fact that a big factor behind these results was severe cost cutting at the company. Doing OK, when the market is at its peak while cutting heavily, is not a satisfying result for me. It’s a fact that the market won't stay at this level forever, and when it drops, God knows what kind of cutting awaits us then.
https://www.forbes.com/sites/greatspeculations/2018/10/22/schlumberger-counting-on-international-business-to-offset-permian-headwinds/