According to reports, the global largest oilfield services company SLB Ltd (SLB.US) announced third-quarter results that exceeded expectations on Friday, attributed to stable demand in the North American market and the business contributions from the recent acquisition of ChampionX. This effectively mitigated the weak performance of oilfield activities in other regions. Currently, the U.S. oilfield market is stabilizing after months of spending cuts, although international market demand, traditionally a key profit source for SLB, remains sluggish. According to forecasts from the U.S. Energy Information Administration (EIA), driven by improvements in production efficiency, U.S. crude oil production is expected to reach a record high of 13.41 million barrels per day in 2025, continuing to drive demand for drilling equipment and related services. Recent data from Baker Hughes confirmed the rebound in North American oilfield activity. As a leading indicator of future production, the number of active rigs in the region increased by 3% quarter-over-quarter to 718, while the international rig count remained at 1,080. In the third quarter, international revenue, which accounts for about 80% of SLB's total income, fell 7% to $6.92 billion, while North American revenue grew 14% to $1.93 billion. For the quarter ending September 30, the company reported an adjusted earnings per share of $0.69, surpassing the average analyst expectation of $0.66. Given the current oversupply in the oil market and geopolitical uncertainties, SLB CEO Olivier Le Peuch described the quarterly results as "resilient." He added that with the rebalancing of supply and demand in the oil and gas markets, supported by ongoing investments in oil production capacity, the advancement of natural gas expansion projects, and constructive prospects in deepwater operations, international business is likely to rebound. Additionally, the completion of the $7.75 billion acquisition of ChampionX has injected new momentum into the quarterly earnings performance. SLB's total revenue fell 2.5% year-over-year to $8.928 billion from $9.159 billion last year, but increased by 4% quarter-over-quarter. Excluding the impact of the acquisition, SLB's global revenue actually declined by 9% year-over-year in the third quarter.