Nabors Industries (NBR) Provides Q2 Update

Nabors Industries Ltd. ("Nabors" or the "Company") (NYSE: NBR) today announced that on June 18, 2024, William Restrepo, the Chief Financial Officer of Nabors Industries Ltd. (the "Company") attended the J.P. Morgan Energy, Power & Renewables Conference, where he participated in a "fireside chat" and one-on-one meetings with industry analysts and investors.

Mr. Restrepo mentioned that in the International Drilling segment and in the Lower 48, a portion of the Company's U.S. Drilling segment, activity and financial results quarter to date support the outlook previously issued by the Company. He also noted that prospects for the Company's Drilling Solutions segment remain strong, with activity in international markets and on non-Nabors rigs expected to drive future growth. He commented that the Company is still tracking 2024 capital expenditures of approximately $590 million.

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