SLB - Schlumberger EVP Trades $1.50M In Company Stock | Benzinga
It was reported on January 25, that Khaled Mogharbel Al, EVP at Schlumberger (NYSE:SLB) executed a significant insider sell, according to an SEC filing.
What Happened: Al's recent move involves selling 29,621 shares of Schlumberger. This information is documented in a Form 4 filing with the U.S. Securities and Exchange Commission on Thursday. The total value is $1,501,192.
The latest market snapshot at Friday morning reveals Schlumberger shares up by 0.2%, trading at $52.58.
Get to Know Schlumberger Better
SLB, formerly known as Schlumberger, is the largest oilfield service firm in the world, with expertise in myriad disciplines, including reservoir performance, well construction, production enhancement, and more recently, digital solutions. It maintains a reputation as one of the industry's leading innovators, which has earned it dominant share in numerous end markets.
Financial Milestones: Schlumberger's Journey
Revenue Growth: Schlumberger displayed positive results in 3 months. As of 31 December, 2023, the company achieved a solid revenue growth rate of approximately 14.12%. This indicates a notable increase in the company's top-line earnings. When compared to others in the Energy sector, the company excelled with a growth rate ...