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The energy space is the unambiguous market leading group so far in 2022. And there’s plenty of data out there to suggest that isn’t likely to change very soon. One of the key points helping to drive this idea home is information from the Commodity Futures Trading Commission (CFT...
What are the pros and cons of investing in oil stocks, is it too late to buy oil stocks, and what oil stocks to buy? In this article, I synthesize industry fundamentals and Seeking Alpha quant ratings to derive an answer to each of these questions. The pros seem to dominate the co...
Baker Hughes (NASDAQ:BKR -2.5%) is upgraded to Overweight from Equal Weight with a $43 price target, raised from $28, at Wells Fargo, which cites prospects of a split into two separate companies, an improved outlook for liquefied natural gas orders, and improvements in global oilfield service...
The following slide deck was published by Schlumberger Limited in conjunction with this event. For further details see: Schlumberger (SLB) Presents At Goldman Sachs Energy Services Symposium - Slideshow
This week's DOE inventory update showed a larger than expected 10.9mb draw in oil and oil products (USO). TSA checkpoint data pointed to a ~1% increase in passenger volume week on week (JETS). California announced plans to provide a $400 payment per registered vehicle to consumers. The UK cut...
U.S. stocks eased Wednesday as oil prices gained, renewing inflation fears. The Dow Jones Industrials stumbled 302.47 points to 34,504.99. The S&P 500 dropped 22.55 points to 4,489.06 The NASDAQ Composite was in the red all morning, but had risen to within 8.77 points of bre...
Schlumberger Limited (NYSE:SLB) will hold a conference call on April 22, 2022 to discuss the results for the first quarter ending March 31, 2022. 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 ...
Schlumberger (NYSE:SLB) and Baker Hughes (NASDAQ:BKR) have suspended their operations in Russia (I, II) in response to U.S. sanctions over the invasion of Ukraine, following Halliburton's (NYSE:HAL) announcement shortly after Friday's stock market close. After holding off for several weeks, a...
Oil production in the short and longer term threatened due to geopolitical events. Oil services contractors withdrawing from Russia for new work. Multiple oil sites attacked in Saudi Arabia. Very strong US gasoline demand despite the rise in price. For further details se...
Schlumberger today provided the following update with regard to its operations in Russia: “We have watched with immense concern as the conflict in Ukraine has escalated,” said Chief Executive Officer Olivier Le Peuch. “First and foremost, we are deeply focused o...
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Regulatory News: SLB (NYSE: SLB) today announced that it will proceed with a voluntary delisting of its shares (ISIN: AN8068571086) from Euronext Paris. Consistent with its prior decisions to delist from other exchanges, SLB reviewed the low trading volumes on the Euronext Paris and, give...
Long-term partnership will digitally transform Aker BP’s subsurface workflows to lower costs, shorten planning cycles and increase production more sustainably Regulatory News: This press release features multimedia. View the full release here: https://www.businesswire.com/n...