The American driver has endured a tough rookie season that has included a spate of crashes, while his team-mate Alex Albon has scored a series of points finishes.
The Williams seat alongside Albon for 2024 is the only remaining theoretically open slot, with the team opting to wait until the current campaign has concluded before making its call on Sargeant’s future.
The 22-year-old was promoted to F1 for the 2023 season after a year as a Williams junior driver racing in Formula 2.
Williams set Sargeant targets for the current campaign’s final events that revolved around delivering complete weekend performances and balancing risk versus reward, rather than overdelivering.
In the season run in, he has scored his first F1 point after being promoted to 10th in the final classification at Austin following Lewis Hamilton and Charles Leclerc being disqualified there, and qualified a career best seventh at last weekend’s race in Las Vegas.
Sargeant went on to finish in 16th after struggling with tyre graining on a tricky one-stop strategy compared to rivals that gained stopping under that race’s second safety car period.
Source: Autosport