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 |
|---|---|---|---|
| 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 |
| 1/23/2023 | $65.00 → $68.00 | Positive | Susquehanna |
| 1/19/2023 | $65.00 | Buy | The Benchmark Company |
| 1/12/2023 | Outperform → Peer Perform | Wolfe Research |
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
4 - SCHLUMBERGER LIMITED/NV (0000087347) (Issuer)
4 - SCHLUMBERGER LIMITED/NV (0000087347) (Issuer)
4 - SCHLUMBERGER LIMITED/NV (0000087347) (Issuer)
4 - SCHLUMBERGER LIMITED/NV (0000087347) (Issuer)
4 - SCHLUMBERGER LIMITED/NV (0000087347) (Issuer)
4 - SCHLUMBERGER LIMITED/NV (0000087347) (Issuer)
4 - SCHLUMBERGER LIMITED/NV (0000087347) (Issuer)
4 - SCHLUMBERGER LIMITED/NV (0000087347) (Issuer)
4 - SCHLUMBERGER LIMITED/NV (0000087347) (Issuer)
4 - SCHLUMBERGER LIMITED/NV (0000087347) (Issuer)
Consistent with its prior decisions to delist from other exchanges, SLB reviewed the low trading volumes on the Euronext Paris and, given the increasing costs, administrative requirements and managerial time required to maintain a dual listing, has requested a voluntary delisting from the Euronext Paris. For the avoidance of doubt, holders of SLB Euronext Shares will be able to trade on Euronext Paris until August 16, 2024 (the last trading date prior to the delisting).
Barclays analyst David Anderson maintains Schlumberger (NYSE:SLB) with a Overweight and lowers the price target from $70 to $67.
Evercore ISI Group analyst James West maintains Schlumberger (NYSE:SLB) with a Outperform and raises the price target from $73 to $74.
TD Cowen analyst Marc Bianchi maintains Schlumberger (NYSE:SLB) with a Buy and raises the price target from $62 to $64.
Benchmark analyst Kurt Hallead reiterates Schlumberger (NYSE:SLB) with a Buy and maintains $68 price target.
RBC Capital analyst Keith Mackey reiterates Schlumberger (NYSE:SLB) with a Outperform and maintains $69 price target.
Wall Street is poised to close the week in the red, with all major indices trading in negative territory at midday in New York, as broader sentiment remains weak following a temporary tech outage caused by a cloud software update from CrowdStrike Holdings Inc. (NASDAQ:CRWD) that led to widespread disruptions across several sectors worldwide. The S&P 500 index is down 0.6% as of 12:50 p.m. ET, extending its weekly decline to 1.8%, marking its worst week since April. The tech-heavy Nasdaq 100 is underperforming the broader market, down 1%, reflecting general weakness in the technology sector and bringing its weekly loss to 3.9%, also the worst in three months. The Dow Jones is also af
U.S. stocks traded lower midway through trading, with the Dow Jones index falling more than 300 points on Friday. The Dow traded down 0.78% to 40,347.51 while the NASDAQ fell 0.29% to 17,819.43. The S&P 500 also fell, dropping, 0.29% to 5,528.67. Check This Out: Wall Street’s Most Accurate Analysts Weigh In On 3 Real Estate Stocks Delivering High-Dividend Yields Leading and Lagging SectorsCommunication services shares jumped by 0.7% on Thursday. In trading on Thursday, materials shares fell by 1%. Top Headline Schlumberger N.V. (NYSE:SLB) reported better-than-expected second-quarter results. The company said revenue increased 13% year-over-year to $9.139 billion, beating
- Reuters
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
Revenue of $8.71 billion increased 13% year on year GAAP EPS of $0.74 increased 14% year on year EPS, excluding charges and credits, of $0.75 increased 19% year on year Net income attributable to SLB of $1.07 billion increased 14% year on year Adjusted EBITDA of $2.06 billion increased 15% year on year Cash flow from operations was $327 million Board approved quarterly cash dividend of $0.275 per share SLB (NYSE:SLB) today announced results for the first-quarter 2024. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240417469361/en/The exterior of the SLB headquarters in Houston, Texas (Photo: Business Wire)
Acquisition strengthens SLB as a leader in production space, with world-class production chemicals and artificial lift technologiesCombined portfolios will drive customer value through deep industry expertise and digital integration, as well as enhanced equipment life and production optimizationChampionX shareholders to receive 0.735 SLB shares for each share of ChampionXAnnual pre-tax synergies to reach approximately $400 million within three yearsSLB will increase its total returns to shareholders to a target of $3 billion in 2024; sets target for returns to shareholders of $4 billion in 2025 HOUSTON, April 02, 2024 (GLOBE NEWSWIRE) -- SLB (NYSE:SLB) and ChampionX Corporation (NASDAQ:CH
Acquisition strengthens SLB as a leader in production space, with world-class production chemicals and artificial lift technologies Combined portfolios will drive customer value through deep industry expertise and digital integration, as well as enhanced equipment life and production optimization ChampionX shareholders to receive 0.735 SLB shares for each share of ChampionX Annual pre-tax synergies to reach approximately $400 million within three years SLB will increase its total returns to shareholders to a target of $3 billion in 2024; sets target for returns to shareholders of $4 billion in 2025 SLB (NYSE:SLB) and ChampionX Corporation (NASDAQ:CHX) today announced a defi
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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
Global energy technology company SLB (NYSE:SLB) today announced that it has entered into a definitive agreement to sell its interests in the Palliser Block located in Alberta, Canada. The Palliser Block consists of oil and gas wells, surface facilities, a pipeline network and certain oil and gas development rights. The transaction, which is subject to regulatory approval and other customary closing conditions, is expected to close late in the fourth quarter of 2024. About SLB SLB (NYSE:SLB) is a global technology company that drives energy innovation for a balanced planet. With a global footprint in more than 100 countries and employees representing almost twice as many nationalities, we
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
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
Collaboration will accelerate and scale the deployment of energy industry-specific AI foundation models across SLB's platforms Global energy technology company SLB (NYSE:SLB) is building on its long-standing collaboration with NVIDIA to develop generative AI solutions for the energy industry. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240918905105/en/Working together with NVIDIA, SLB will build and optimize models to the specific needs and requirements of the data-intensive energy industry, including subsurface exploration, production operations and data management. (Photo: Business Wire) The collaboration accelerates the de
New platform accelerates advanced data and AI capabilities at scale for SLB's customers across the energy industry Global energy technology company SLB (NYSE:SLB) today launched the Lumi™ data and AI platform, which integrates advanced artificial intelligence (AI) capabilities—including generative AI—with workflows across the energy value chain. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240916077102/en/The Lumi platform is built on the latest industry standards and will be available on all major cloud service providers as well as on-premises, ensuring its availability to SLB's global customer base. (Photo: Business Wire) Th
Successful Operation at SLB's Clayton Valley, Nevada Demonstration Plant SAN DIEGO, Sept. 11, 2024 /PRNewswire/ -- Today, ILiAD Technologies, LLC celebrates the use of its direct lithium extraction (DLE) technology at scale at SLB's (NYSE:SLB) Clayton Valley Demonstration Plant, producing high-purity, battery-grade lithium. This comes as SLB announced the successful completion of its integrated technology solution at its demonstration plant in Clayton Valley, Nevada. ILiAD's technology was integral to the success of the Clayton Valley operation. The SLB sustainable lithium pro
Nevada demonstration plant integrates direct lithium extraction (DLE), concentration and conversion technologies to sustainably produce lithium at scale Integrated technology solution produces lithium from brine 500 times faster than conventional methods while using significantly less land, water and chemical reagents Verified results confirm recovery rate of 96% lithium from brine at operational rates SLB today announced it has proven its solution for sustainable lithium production at scale at its demonstration plant in Clayton Valley, Nevada, to accelerate responsibly-sourced lithium products to market. This press release features multimedia. View the full release here: https://www
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
Susquehanna reiterated coverage of SLB with a rating of Positive and set a new price target of $68.00 from $65.00 previously
The Benchmark Company initiated coverage of SLB with a rating of Buy and set a new price target of $65.00
Wolfe Research downgraded SLB from Outperform to Peer Perform