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Shale production has plateaued and could actually be on the decline. This contradicts expectations for substantial growth currently in place. We discuss recent data from an industry expert that highlights reasons why these expectations simply cannot be met. There is no such th...
Expanding the Benefits of Enterprise-Scale AI: Agile, Collaborative Development to Extract Maximum Value from Data Schlumberger today announced it has expanded its global INNOVATION FACTORI network with the inauguration of a new center in Oslo, Norway. “At INN...
With inflation worries and Russian war concerns weighing on markets, Schlumberger is a good investment for 2022 and beyond. The company is one of the biggest beneficiaries of aggressive upstream spending plans and it is expected to enjoy double-digit revenue and cash flow growth. ...
Oilfield service giant Schlumberger recorded total revenues of $5,962 million for the first quarter of 2022, beating analysts' expectations. Schlumberger's board of directors approved a quarterly cash dividend of $0.175 per share. I recommend buying SLB at $40 with a potential low...
After falling nearly $7.00/b in Monday trading, Brent oil (CO1:COM) closed down ~$3.00/b, and back above ~$100; natural gas prices were up as much as ~6% Monday, and over $7.00/mmbtu, at the US equity market close. Service names like Schlumberger (SLB) and Baker (BKR) recovered from near doub...
Shares of oilfield services providers Schlumberger (NYSE: SLB) , Core Laboratories (NYSE: CLB) , and National Energy Services Reunited (NASDAQ: NESR) were plunging today, down 9.3%, 7.3%, and 9.6%, respectively, as of 1 p.m. ET. Schlumberger reported its first-qu...
The net income was $263 million this quarter compared with $170 million a year ago. First-quarter 2022 adjusted net income per share was $0.35 from $0.19 in the year-ago quarter. The company believes that this first quarter's robust business results indicate that the oilfields service...
There's no doubt about it: Energy has been the place to be in 2022. One such name within the energy space that has racked up massive gains this year is Schlumberger (NYSE: SLB) . Shares of the Houston-based oil and gas service giant have gained 43% this year, while the S...
As expected, Schlumberger's first-quarter 2022 earnings results were very impressive as the company posted double-digit growth in every financial category. This impressive growth is expected to continue over the next three years as high energy prices drive customers to increase their ...
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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...