Schlumberger NV at JPMorgan Energy, Power & Renewables Conference Transcript
So ladies and gentlemen, good morning. I'm very pleased to be here with you today. So I would like to thank Arun and JPMorgan for the opportunity to speak with you once again.
Today, I would like to share with you our latest perspective on the growth cycle that is upon us and describe a few of its characteristics, and more importantly, how this saga is firmly aligned with Schlumberger's established strengths; our expanded capabilities and leadership; and most critically, our returns-focused strategy.
Before I start, let me remind you that some of the statements we'll be making today are forward-looking and subject to risks and uncertainties that could cause our results to materially differ from those projected in these statements. Therefore, I refer you to our latest 10-K and SEC filing.
So let's begin with the growth cycle. First, the market fundamentals are very constructive for our industry as it emerged from a period of underinvestment with spare capacity and global inventories at decade lows while oil and gas price
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