SLB News and Press, Schlumberger N.V. From 06/20/23

2023-06-20 09:30:00 ET Summary Saudi Arabia's supply cuts and the market's muted reaction probably suggest $70-$80 oil for some time and reduce the likelihood of extreme low and high scenarios. Historically, this isn't a low price range, but, unlike 2022, not every energy investme...

2023-06-15 11:44:29 ET Summary NexTier Oilfield Solutions Inc. and Patterson-UTI Energy, Inc. are merging to create the second largest North American oil service company after Halliburton Company. The combination will create a high margin, strong balance sheet oil service company ...

2023-06-12 10:33:58 ET Summary Halliburton Company posted $5.677 billion in revenue for the first quarter of 2023. Both Halliburton and Schlumberger Limited generated significant returns in 2022. However, both stocks dropped since their peak in January 2023. However, Halliburton i...

2023-06-12 06:41:39 ET Summary Schlumberger, the leading oilfield services firm, is set to benefit from the resilient oil and gas capex spend in international and offshore markets. The $70-$80 oil range may be low for U.S. shale, but is just right for SLB; it matters more how long...

2023-06-10 09:00:00 ET Summary The Taxable Account generated $2,062.92 of dividend income for May 2023 compared with $1,823.75 of dividend income for May 2022. The Taxable Account had a balance of $500.3K as of May 31, 2023, vs. $535.5K on May 31, 2022. The annualized cost basis y...

2023-06-07 07:00:00 ET Morgan Stanley has identified high-potential stocks across key sectors that exhibit strong pricing power amid declining inflation. These companies should maintain or increase their prices, leading to improved profitability and market performance. The...

2023-06-02 09:05:58 ET This week's dividend activity included increased payouts from Nasdaq ( NDAQ ) and Infosys ( INFY ), as well as declarations from names like Kellogg ( NYSE: K ) and Verizon ( NYSE: VZ ). Meanwhile, looking ahead to next week, industry player...

2023-05-31 15:57:07 ET Schlumberger ( NYSE: SLB ) forecasts revenues will grow at least 45% by 2025 compared with 2022, and full-year EBITDA will grow more than 60%, CEO Olivier Le Peuch said Wednesday, but the stock trades -3.4% as crude oil futures fall for a second straight d...

2023-05-30 05:18:52 ET Summary Schlumberger Limited is well-positioned to capitalize on the growing carbon capture market, with strategic partnerships and a strong presence in the industry. The company's well construction division is driving revenue growth, while its digital and i...

2023-05-29 07:48:15 ET Summary Schlumberger announced revenue of $7.736 billion in Q1'23, or a 29.8% increase YoY, down 1.8% over 4Q22. Schlumberger's board of directors approved a quarterly cash dividend of $0.25 per share or a dividend yield of 2.25%, which I consider too l...