“Drill Baby Drill” is a slogan that is a symbol of Donald Trump’s energy policy. Its aim is to make the US self-reliant in energy production and strengthen the economy. This policy aggressively promotes fossil fuel production and reduces environmental restrictions. Trump presents it as a “National Energy Emergency”, whose key goal is to control rising energy prices and revive the manufacturing sector.

How will SLB (Schlumberger) benefit?

SLB is one of the world’s largest companies providing services and equipment for the oil and gas industry. Key aspects of Drill Baby Drill policy are beneficial for SLB:

1. Increase in drilling demand: Trump’s policy to boost domestic production will increase the demand for SLB’s services and equipment.

2. Relaxed regulations: Relaxation of carbon emission and green energy policies will create a favorable environment for companies like SLB.

3. Global exports: Plan to sell US energy in global markets will create new business opportunities for SLB.

4. Investor confidence: Due to the recent drilling boom, SLB has announced a stock buyback program and dividend growth, which increases investor confidence.

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