Schlumberger estimates revenues over $22.5 billion for 2021

Top oilfield service provider Schlumberger NV (SLB.N) on Wednesday estimated 2021 revenues would top $22.5 billion, as oil and gas prices recovered and the company tapped into a growing market for low-carbon technology.

The company expects 2021 adjusted EBITDA margins of between 20.8% and 21.3%, according to a conference presentation, and free cash flow margins over 10%.

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