Schlumberger Limited supplies technology for reservoir characterization, drilling, production, and processing to the oil and gas industry worldwide. It operates in four divisions: Digital & Integration, Reservoir Performance, Well Construction, and Production Systems. The company offers reservoir interpretation and data processing services; open and cased-hole, and slickline services; exploration and production pressure and flow-rate measurement services; tubing-conveyed perforating services; integrated production systems; software, consulting, information management, and IT infrastructure services; reservoir characterization, field development planning, and production enhancement consulting services; and petro technical data services and training solutions. It designs, manufactures, and markets roller cone and fixed cutter drill bits; supplies drilling fluid systems, fluid systems and specialty equipment, production technology solutions, and engineered managed pressure and underbalanced drilling solutions; and offers environmental services and products; provides drilling and measurement, land drilling rigs, and related support services; and supplies well planning and drilling, engineering, supervision, logistics, procurement, and contracting services, as well as drilling rig management services. In addition, the company offers well services; coiled tubing equipment; hydraulic fracturing, multistage completions, perforating, coiled tubing equipment, and services; well completion services and equipment; artificial lift production equipment and optimization services; and production management services. Further, it provides integrated subsea production systems; drilling equipment and services; onshore and offshore platform wellhead systems and processing solutions; and valve and process systems. The company was formerly known as Socie´te´ de Prospection E´lectrique. Schlumberger Limited was founded in 1926 and is based in Houston, Texas.
IPO Year:
Exchange: NYSE
Website: slb.com
Date | Price Target | Rating | Analyst |
---|---|---|---|
1/15/2025 | $62.00 → $44.00 | Outperform → In-line | Evercore ISI |
12/20/2024 | Buy → Neutral | Griffin Securities | |
12/19/2024 | $47.00 | Neutral | Piper Sandler |
10/21/2024 | $68.00 → $65.00 | Buy | TD Cowen |
7/22/2024 | $62.00 → $64.00 | Buy | TD Cowen |
4/29/2024 | $68.00 → $53.00 | Overweight → Equal Weight | Wells Fargo |
4/22/2024 | $64.00 → $63.00 | Buy | TD Cowen |
10/9/2023 | $81.00 | Buy | Societe Generale |
6/7/2023 | $63.00 | Overweight | CapitalOne |
4/19/2023 | $48.00 → $66.00 | Neutral → Buy | UBS |
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Evercore ISI downgraded SLB from Outperform to In-line and set a new price target of $44.00 from $62.00 previously
Griffin Securities downgraded SLB from Buy to Neutral
Piper Sandler initiated coverage of SLB with a rating of Neutral and set a new price target of $47.00
TD Cowen reiterated coverage of SLB with a rating of Buy and set a new price target of $65.00 from $68.00 previously
TD Cowen reiterated coverage of SLB with a rating of Buy and set a new price target of $64.00 from $62.00 previously
Wells Fargo downgraded SLB from Overweight to Equal Weight and set a new price target of $53.00 from $68.00 previously
TD Cowen reiterated coverage of SLB with a rating of Buy and set a new price target of $63.00 from $64.00 previously
Societe Generale initiated coverage of SLB with a rating of Buy and set a new price target of $81.00
CapitalOne initiated coverage of SLB with a rating of Overweight and set a new price target of $63.00
UBS upgraded SLB from Neutral to Buy and set a new price target of $66.00 from $48.00 previously
Fourth-quarter revenue of $9.28 billion increased 1% sequentially and 3% year on year Fourth-quarter GAAP EPS of $0.77 decreased 7% sequentially but was flat year on year Fourth-quarter EPS, excluding charges and credits, of $0.92 increased 3% sequentially and 7% year on year Fourth-quarter net income attributable to SLB of $1.10 billion decreased 8% sequentially and 2% year on year Fourth-quarter adjusted EBITDA of $2.38 billion increased 2% sequentially and 5% year on year Fourth-quarter cash flow from operations was $2.39 billion and free cash flow was $1.63 billion Board approved a 3.6% increase in quarterly cash dividend to $0.285 per share Full-year revenue of
SLB will use AI to enable repeatable delivery of consistent and cost-efficient wells Projects will span across UK North Sea, Trinidad and Tobago, Gulf of Mexico and others Global energy technology company SLB (NYSE:SLB) has been awarded a series of major drilling contracts by Shell to support capital-efficient energy development across its deep- and ultra-deepwater assets in the UK North Sea, Trinidad and Tobago, the Gulf of Mexico and others. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250108998944/en/The projects, which will be delivered over a three-year timeframe, will combine SLB's AI-enabled digital drilling capa
SLB (NYSE:SLB) will hold a conference call on January 17, 2025 to discuss the results for the fourth quarter and full year ending December 31, 2024. The conference call is scheduled to begin at 9:30 a.m. U.S. Eastern time and a press release regarding the results will be issued at 7:00 a.m. U.S. Eastern time. To access the conference call, listeners should contact the Conference Call Operator at +1 (833) 470-1428 within North America or +1 (404) 975-4839 outside of North America approximately 10 minutes prior to the start of the call and the access code is 491926. A webcast of the conference call will be broadcast simultaneously at https://events.q4inc.com/attendee/800374382 on a list
Subsea raw water injection systems will improve field development economics and reduce carbon footprint Global energy technology company SLB (NYSE:SLB) today announced a contract award by Petrobras, following a competitive tender, to its OneSubsea™ joint venture for two subsea raw seawater injection (RWI) systems to increase recovery from the prolific Búzios field. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241212795762/en/Under the contract, SLB OneSubsea will provide two complete subsea RWI systems to support Petrobras' FPSOs P-74 and P-75, and they will each consist of a subsea seawater injection pump, umbilical system
Following a competitive tender process, the award covers more than 100 wells across nine ultra-deepwater rigs including exploratory and revitalization wells in the Campos Basin, with potential operations in the Equatorial Margin Global energy technology company SLB (NYSE:SLB) today announced that it has been awarded, after a competitive tender, a new contract by Petrobras (NYSE:PBR) for integrated services across all offshore fields operated by Petrobras in Brazil. SLB will oversee the construction of more than 100 deepwater wells, utilizing advanced drilling, cementing and drilling fluids technologies on up to nine ultra-deepwater rigs. This press release features multimedia. View the f
Intelligent closed-loop drilling system dynamically responds to subsurface geological information Keeps well trajectory in the "sweet spot" of the reservoir for maximum production Improves efficiency — minimizing the carbon footprint of drilling operations Global energy technology company SLB (NYSE:SLB) introduces Neuro™ autonomous geosteering, which dynamically responds to subsurface complexities to drill more efficient, higher-performing wells, while reducing the carbon footprint of the drilling operations. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241127402342/en/Using AI, Neuro geosteering integrates and inter
Facility will reduce emissions by up to 400,000 metric tons of CO2 annually for Heidelberg Materials ― one of the world's largest building materials companies SLB Capturi has reached a significant milestone of mechanical completion of the carbon capture plant at Heidelberg Materials' cement facility in Brevik, Norway. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241202648162/en/The carbon capture plant is designed to capture up to 400,000 metric tons of CO2 annually from the Heidelberg Materials cement facility in Brevik, Norway. (Photo: Business Wire) With the full-scale carbon capture plant now complete, including the carb
Subsea boosting system to accelerate the full potential of deepwater project SLB (NYSE:SLB) today announced the award of a contract by bp to its OneSubsea joint venture for a subsea boosting system in the greenfield development of the Kaskida project in the deepwater U.S. Gulf of Mexico. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241028536821/en/The OneSubsea subsea boosting system is a key technology within bp's first Paleogene field development. It will supply the required artificial lift needed to maximize production through the accelerated recovery of reserves with minimal energy consumption. (Photo: Business Wire) This
Revenue of $906.5 millionNet income attributable to ChampionX of $72.0 millionAdjusted net income of $85.9 millionAdjusted EBITDA of $197.5 millionIncome before income taxes margin of 11.2%Adjusted EBITDA margin of 21.8%Cash from operating activities of $141.3 million and free cash flow of $108.1 million THE WOODLANDS, Texas, Oct. 23, 2024 (GLOBE NEWSWIRE) -- ChampionX Corporation (NASDAQ:CHX) ("ChampionX" or the "Company") today announced third quarter of 2024 results. Revenue was $906.5 million, net income attributable to ChampionX was $72.0 million, and adjusted EBITDA was $197.5 million. Income before income taxes margin was 11.2% and adjusted EBITDA margin was 21.8%. Cash from operat
Revenue of $9.16 billion was steady sequentially and increased 10% year on year GAAP EPS of $0.83 increased 8% sequentially and 6% year on year EPS, excluding charges and credits, of $0.89 increased 5% sequentially and 14% year on year Net income attributable to SLB of $1.19 billion increased 7% sequentially and 6% year on year Adjusted EBITDA of $2.34 billion increased 2% sequentially and 13% year on year Cash flow from operations was $2.45 billion and free cash flow was $1.81 billion Board approved quarterly cash dividend of $0.275 per share SLB (NYSE:SLB) today announced results for the third quarter of 2024. This press release features multimedia. View the full release he
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Fourth-quarter revenue of $9.28 billion increased 1% sequentially and 3% year on year Fourth-quarter GAAP EPS of $0.77 decreased 7% sequentially but was flat year on year Fourth-quarter EPS, excluding charges and credits, of $0.92 increased 3% sequentially and 7% year on year Fourth-quarter net income attributable to SLB of $1.10 billion decreased 8% sequentially and 2% year on year Fourth-quarter adjusted EBITDA of $2.38 billion increased 2% sequentially and 5% year on year Fourth-quarter cash flow from operations was $2.39 billion and free cash flow was $1.63 billion Board approved a 3.6% increase in quarterly cash dividend to $0.285 per share Full-year revenue of
SLB (NYSE:SLB) will hold a conference call on January 17, 2025 to discuss the results for the fourth quarter and full year ending December 31, 2024. The conference call is scheduled to begin at 9:30 a.m. U.S. Eastern time and a press release regarding the results will be issued at 7:00 a.m. U.S. Eastern time. To access the conference call, listeners should contact the Conference Call Operator at +1 (833) 470-1428 within North America or +1 (404) 975-4839 outside of North America approximately 10 minutes prior to the start of the call and the access code is 491926. A webcast of the conference call will be broadcast simultaneously at https://events.q4inc.com/attendee/800374382 on a list
Following a competitive tender process, the award covers more than 100 wells across nine ultra-deepwater rigs including exploratory and revitalization wells in the Campos Basin, with potential operations in the Equatorial Margin Global energy technology company SLB (NYSE:SLB) today announced that it has been awarded, after a competitive tender, a new contract by Petrobras (NYSE:PBR) for integrated services across all offshore fields operated by Petrobras in Brazil. SLB will oversee the construction of more than 100 deepwater wells, utilizing advanced drilling, cementing and drilling fluids technologies on up to nine ultra-deepwater rigs. This press release features multimedia. View the f
Revenue of $906.5 millionNet income attributable to ChampionX of $72.0 millionAdjusted net income of $85.9 millionAdjusted EBITDA of $197.5 millionIncome before income taxes margin of 11.2%Adjusted EBITDA margin of 21.8%Cash from operating activities of $141.3 million and free cash flow of $108.1 million THE WOODLANDS, Texas, Oct. 23, 2024 (GLOBE NEWSWIRE) -- ChampionX Corporation (NASDAQ:CHX) ("ChampionX" or the "Company") today announced third quarter of 2024 results. Revenue was $906.5 million, net income attributable to ChampionX was $72.0 million, and adjusted EBITDA was $197.5 million. Income before income taxes margin was 11.2% and adjusted EBITDA margin was 21.8%. Cash from operat
Revenue of $9.16 billion was steady sequentially and increased 10% year on year GAAP EPS of $0.83 increased 8% sequentially and 6% year on year EPS, excluding charges and credits, of $0.89 increased 5% sequentially and 14% year on year Net income attributable to SLB of $1.19 billion increased 7% sequentially and 6% year on year Adjusted EBITDA of $2.34 billion increased 2% sequentially and 13% year on year Cash flow from operations was $2.45 billion and free cash flow was $1.81 billion Board approved quarterly cash dividend of $0.275 per share SLB (NYSE:SLB) today announced results for the third quarter of 2024. This press release features multimedia. View the full release he
SLB (NYSE:SLB) will hold a conference call on October 18, 2024, to discuss the results for the third quarter ending September 30, 2024. The conference call is scheduled to begin at 9:30 am US Eastern time and a press release regarding the results will be issued at 7:00 am US Eastern time. To access the conference call, listeners should contact the Conference Call Operator at +1 (844) 721-7241 within North America or +1 (409) 207-6955 outside of North America approximately 10 minutes prior to the start of the call and the access code is 8858313. A webcast of the conference call will be broadcast simultaneously at www.slb.com/irwebcast on a listen-only basis. Listeners should log in 15 min
Revenue of $893.3 millionNet income attributable to ChampionX of $52.6 millionAdjusted net income of $71.2 millionAdjusted EBITDA of $183.2 millionIncome before income taxes margin of 9.3%Adjusted EBITDA margin of 20.5%Cash from operating activities of $67.6 million and free cash flow of $38.3 million THE WOODLANDS, Texas, July 24, 2024 (GLOBE NEWSWIRE) -- ChampionX Corporation (NASDAQ:CHX) ("ChampionX" or the "Company") today announced second quarter of 2024 results. Revenue was $893.3 million, net income attributable to ChampionX was $52.6 million, and adjusted EBITDA was $183.2 million. Income before income taxes margin was 9.3% and adjusted EBITDA margin was 20.5%. Cash from ope
Revenue of $9.14 billion increased 5% sequentially and 13% year on year GAAP EPS of $0.77 increased 4% sequentially and 7% year on year EPS, excluding charges and credits, of $0.85 increased 13% sequentially and 18% year on year Net income attributable to SLB of $1.11 billion increased 4% sequentially and 8% year on year Adjusted EBITDA of $2.29 billion increased 11% sequentially and 17% year on year Cash flow from operations was $1.44 billion and free cash flow was $776 million Board approved quarterly cash dividend of $0.275 per share Regulatory News: This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/202407179
Regulatory News: SLB (NYSE:SLB) will hold a conference call on July 19, 2024, to discuss the results for the second quarter ending June 30, 2024. The conference call is scheduled to begin at 9:30 am US Eastern time and a press release regarding the results will be issued at 7:00 am US Eastern time. To access the conference call, listeners should contact the Conference Call Operator at +1 (844) 721-7241 within North America or +1 (409) 207-6955 outside of North America approximately 10 minutes prior to the start of the call and the access code is 8858313. A webcast of the conference call will be broadcast simultaneously at www.slb.com/irwebcast on a listen-only basis. Listeners shoul
Revenue of $922.1 million, decreased 3% year-over-yearNet income attributable to ChampionX of $112.9 million, increased 78% year-over-yearAdjusted net income of $96.4 million, increased 17% year-over-yearAdjusted EBITDA of $191.7 million, increased 4% year-over-yearIncome before income taxes margin of 15.2%, increased 547 basis points year-over-yearAdjusted EBITDA margin of 20.8%, increased 130 basis points year-over-yearCash from operating activities of $173.5 million and free cash flow of $144.0 millionReturned 38% of cash from operating activities and 46% of free cash flow to shareholders THE WOODLANDS, Texas, April 24, 2024 (GLOBE NEWSWIRE) -- ChampionX Corporation (NASDAQ:CHX) ("Cham
Agreement will accelerate the initial scope of 144 unconventional wells for delivery by Q4 2025 with potential for significant number of additional wells in the second phase SLB (NYSE:SLB) today announced an agreement to create Turnwell Industries LLC OPC (Turnwell), a joint venture (JV) with ADNOC Drilling Company, SLB and Patterson-UTI. The JV will allow the three companies to leverage leading innovations in AI, smart drilling design, completions engineering and production solutions. The JV will focus on the acceleration of UAE's unconventional oil and gas program, with an initial 144 wells scheduled for completion by the end of 2025. SLB will provide integrated drilling, stimulation an
Helix Energy Solutions Group, Inc. ("Helix") (NYSE:HLX) announced today that its Board of Directors (the "Board") has appointed Diana Glassman and Paula Harris as new directors. William L. Transier, Chairman of the Board, stated, "We are pleased to welcome both Diana and Paula to the Helix Board of Directors. The wealth of experience our two new Board members have will bring valuable perspectives to our Board. Helix remains committed to board refreshment and diversity initiatives, and the appointments of our new directors are the result of an extensive search process that began months ago. The additions of Diana and Paula to the Helix Board are designed to ensure we have the right mix of d
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