Oil and Gas, Mint Finance

Suhas Reddy

Oil and Gas

Deep Fundamental Analysis

Mint Finance

Mint Finance's investment research blends deep fundamental analysis with technical & quant insights. Investment strategies straddle across multiple asset classes with risk management embedded into every trade to deliver an outsized reward-to-risk ratio.

Mint Finance's research is centered around three key themes. First, energy transition and climate change. Second, artificial intelligence. Third, shifting world order with its impact across politics and monetary economics.

Equity Bottom-Up

<ul>
<li>Halliburton’s revenue is projected to decline 1.7% YoY, with EPS down 18.6%, driven by subdued upstream activity induced by oil price volatility and weak global demand.</li>
<li>Halliburton expects a 1%-3% QoQ revenue decline, and a 75-125 bps margin drop in its Completion and Production segment for Q4.</li>
<li>In contrast, revenue from its Drilling and Evaluation (D&amp;E) segment is forecasted to grow between 0% to 2%, with margins flat or improving by up to 50 bps.</li>
</ul>


Halliburton’s revenue is projected to decline 1.7% YoY, with EPS down 18.6%, driven by subdued upstream activity induced by oil price volatility and weak global demand.
Halliburton expects a 1%-3% QoQ revenue decline, and a 75-125 bps margin drop in its Completion and Production segment for Q4.
In contrast, revenue from its Drilling and Evaluation (D&amp;E) segment is forecasted to grow between 0% to 2%, with margins flat or improving by up to 50 bps.


[Earnings Preview] Halliburton Expected to Post Subdued Q4 Results on Tepid Upstream Activity

<ul>
<li>Schlumberger’s Q4 2024 revenue is expected to increase by 2.6% YoY and EPS by 7.1%. For fiscal 2024, revenue is expected to rise 9.3% YoY and EPS by 14.4%.  </li>
<li>SLB surpassed analyst EPS projections for the past four consecutive quarters, despite facing headwinds from lower drilling activity in North America and slowing international expenditures.</li>
<li>SLB completed the construction of the world's first industrial-scale carbon capture facility in Q4. It also enhanced its digital solutions portfolio and secured major contracts for deepwater operations.</li>
</ul>


Schlumberger’s Q4 2024 revenue is expected to increase by 2.6% YoY and EPS by 7.1%. For fiscal 2024, revenue is expected to rise 9.3% YoY and EPS by 14.4%.  
SLB surpassed analyst EPS projections for the past four consecutive quarters, despite facing headwinds from lower drilling activity in North America and slowing international expenditures.
SLB completed the construction of the world's first industrial-scale carbon capture facility in Q4. It also enhanced its digital solutions portfolio and secured major contracts for deepwater operations.


[Earnings Preview] Can Schlumberger Defy a Sluggish Q4 to Keep Beating Expectations?

Chief Economist & Political Strategist, CrossASEAN Research

Prasenjit K. Basu

Chief Economist & Political Strategist

CrossASEAN Research

At CrossASEAN Research we strive to produce unbiased and differentiated on the ground insights on companies across South East Asia. Our Research is produced for the most part after face to face meetings and conversations with company management to dig deep into the long term vision and strategy of the companies we cover. We seek to deliver investable and actionable themes on sectors and markets across SE Asia, often in collaboration with other Insight Providers across the region, pooling the vast experience of the analysts within the Smartkarma Ecosystem. We also offer bespoke work and tailor made trips for our clients. 

Insights across South East Asia

Macroeconomics

<ul>
<li>Donald Trump is the first candidate to win non-consecutive terms as President since Grover Cleveland 132 years ago. Winning the popular vote strengthens his mandate, with Senate/House also Republican. </li>
<li>Trump proposes to cut the corporate tax rate to 15%, make his income tax cuts permanent, de-regulate energy (and end the Ukraine war). Lower oil prices and faster growth likely. </li>
<li>Lower taxes and regulation, hence lower inflation/rates, would provide a fillip to equities. Conventional energy, banks/PE would win. India, Japan, SKorea, Germany, Russia would be winners, UK/NATO the losers. </li>
</ul>


Donald Trump is the first candidate to win non-consecutive terms as President since Grover Cleveland 132 years ago. Winning the popular vote strengthens his mandate, with Senate/House also Republican. 
Trump proposes to cut the corporate tax rate to 15%, make his income tax cuts permanent, de-regulate energy (and end the Ukraine war). Lower oil prices and faster growth likely. 
Lower taxes and regulation, hence lower inflation/rates, would provide a fillip to equities. Conventional energy, banks/PE would win. India, Japan, SKorea, Germany, Russia would be winners, UK/NATO the losers. 


US: Trump Sweep of WH, Senate, House Clears the Way for Growth and Lower Brent

<ul>
<li>Halliburton’s revenue is expected to rise 0.5% YoY, but EPS is estimated to fall 2.6% due to oversupply concerns and weak oil demand reducing upstream activity.</li>
<li>Halliburton expects a 1%-3% sequential revenue decline and a 75-125 bps margin reduction in its Completion &amp; Production division in Q3 2024.</li>
<li>Halliburton aims to expand its international footprint to offset stagnating US onshore production activity. International markets currently account for 58% of revenue versus 42% from North America.</li>
</ul>


Halliburton’s revenue is expected to rise 0.5% YoY, but EPS is estimated to fall 2.6% due to oversupply concerns and weak oil demand reducing upstream activity.
Halliburton expects a 1%-3% sequential revenue decline and a 75-125 bps margin reduction in its Completion &amp; Production division in Q3 2024.
Halliburton aims to expand its international footprint to offset stagnating US onshore production activity. International markets currently account for 58% of revenue versus 42% from North America.


[Earnings Preview] Halliburton's Q3 Profitability Expected to Fall Amid Slowing Upstream Activity

India Equity Analyst - Fundamental & Thematic, Beat the Street

Sudarshan Bhandari

India Equity Analyst - Fundamental & Thematic

Beat the Street

Beat The Street was founded by Nimish Maheshwari and Sudarshan Bhandari, both of whom are Chartered Accountants by Profession, known for their expert analysis in the fields of Business, Sectoral analysis, and Corporate governance.

With a strong social media presence of 45,000+ Subscribers across various platforms, they are considered trusted voices in the industry. Their insights and analysis have been featured in some of India’s most prominent publications, including the Economic Times, Dalal Street Investment Journal, The Morning Context, and The Ken.

Their analysis on Bankrupt & Insolvent companies has been instrumental in saving investors from significant losses. They have a keen eye for identifying red flags and has identified exclusive redflags earlier in Vedanta, Nykaa, Dhani Services, Adani and many more.

Read Business Not Stock Prices

Thematic (Sector/Industry)

<ul>
<li>BlackRock and Jio Financial Discuss Private Credit Venture in India</li>
<li>Tata Group to Create 5,00,000 Jobs in next Five Years</li>
<li>Indian Oil and Ever Enviro Partner for Compressed Biogas Production</li>
</ul>


BlackRock and Jio Financial Discuss Private Credit Venture in India
Tata Group to Create 5,00,000 Jobs in next Five Years
Indian Oil and Ever Enviro Partner for Compressed Biogas Production


# 65 India Insight: BlackRock Jio Financial PV, Tata Group 5 Lakh Jobs, Indian Oil Biogas Production

United States

BlackRock, Inc. provides investment management services. The Company offers investment, advisory, and risk management services. BlackRock serves individuals, families, educational, governments, insurance companies, and non profit organizations worldwide.

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BlackRock (BLK US)

[Earnings Preview] Halliburton Expected to Post Subdued Q4 Results on Tepid Upstream Activity

Halliburton's revenue is expected to decline due to oil price volatility and weak global demand. Margins are expected to drop in Completion and...

Mint Finance

[Earnings Preview] Can Schlumberger Defy a Sluggish Q4 to Keep Beating Expectations?

SLB's Q4 revenue and EPS are expected to rise YoY. However, whether it will beat analyst projections remains to be seen. SLB made landmark...

Mint Finance

US: Trump Sweep of WH, Senate, House Clears the Way for Growth and Lower Brent

Trump's re-election strengthens mandate with Republican control of Senate/House. Proposed tax cuts, deregulation to boost economy/equities and...

Prasenjit K. Basu

[Earnings Preview] Halliburton's Q3 Profitability Expected to Fall Amid Slowing Upstream Activity

Halliburton’s revenue is estimated to remain flat sequentially and rise 0.5% YoY. However, profitability is projected to fall QoQ and YoY. Slowdown...

Mint Finance

# 65 India Insight: BlackRock Jio Financial PV, Tata Group 5 Lakh Jobs, Indian Oil Biogas Production

Major Indian companies like BlackRock, Jio Financial, Tata Group, and Indian Oil are making significant moves in the private credit, job creation,...

Sudarshan Bhandari

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

[Earnings Preview] Halliburton Expected to Post Subdued Q4 Results on Tepid Upstream Activity

​Halliburton's revenue is expected to decline due to oil price volatility and weak global demand. Margins are expected to drop in Completion and...

Mint Finance

[Earnings Preview] Can Schlumberger Defy a Sluggish Q4 to Keep Beating Expectations?

​SLB's Q4 revenue and EPS are expected to rise YoY. However, whether it will beat analyst projections remains to be seen. SLB made landmark...

Mint Finance

US: Trump Sweep of WH, Senate, House Clears the Way for Growth and Lower Brent

​Trump's re-election strengthens mandate with Republican control of Senate/House. Proposed tax cuts, deregulation to boost economy/equities and...

Prasenjit K. Basu

[Earnings Preview] Halliburton's Q3 Profitability Expected to Fall Amid Slowing Upstream Activity

Halliburton’s revenue is estimated to remain flat sequentially and rise 0.5% YoY. However, profitability is projected to fall QoQ and YoY. Slowdown...

Mint Finance

# 65 India Insight: BlackRock Jio Financial PV, Tata Group 5 Lakh Jobs, Indian Oil Biogas Production

​Major Indian companies like BlackRock, Jio Financial, Tata Group, and Indian Oil are making significant moves in the private credit, job creation,...

Sudarshan Bhandari

Halliburton's revenue is expected to decline due to oil price volatility and weak global demand. Margins are expected to drop in Completion and...

SLB's Q4 revenue and EPS are expected to rise YoY. However, whether it will beat analyst projections remains to be seen. SLB made landmark...

Trump's re-election strengthens mandate with Republican control of Senate/House. Proposed tax cuts, deregulation to boost economy/equities and...

Major Indian companies like BlackRock, Jio Financial, Tata Group, and Indian Oil are making significant moves in the private credit, job creation,...