J Capital says SLB has undisclosed risks, may see impairments of at least $1.5B

J Capital said in its recently publish newsletter that it believes SLB risks impairments of at least $1.5B from its Russian and Mexican operations, “nearly half its 2022 net income.” “If operations from these countries are subsequently impaired or ceased, there may also be a downgrade of future revenue growth. From a wider perspective, we are concerned that SLB, in the pursuit of business, is tolerating more risk instead of downscaling it.” Schlumberger is a large-cap company offering oilfield services that J Capital believes “has undisclosed risks.”