International Revenue ChallengesSLB reported a decline in international revenue driven by challenges in Mexico, Saudi Arabia, and Russia, which negatively impacted overall performance.
North America WeaknessFlagged continued North America weakness due to lower onshore capital expenditures, greater drilling efficiency, and slower capacity expansions versus expectations.
Upstream SpendingSLB expects a decline in upstream spending year-over-year, which is more significant than initially communicated.