Schlumberger Limited SLB will release earnings results for its third quarter, before the opening bell on Friday, Oct. 18.Analysts expect the Buffalo, New York-based company to report quarterly earnings at 88 cents per share, up from 71 cents per share in the year-ago period. SLB projects to report revenue of $9.25 billion for the quarter, compared to $7.58 billion a year earlier, according to data from Benzinga Pro.On Thursday, SLB agreed to sell its interests in Palliser Block.SLB shares gained 0.7% to clo ...

SLB (SLB) is set to report third-quarter 2024 results on Friday, before the opening bell.Find the latest EPS estimates and surprises on Zacks Earnings Calendar.The Zacks Consensus Estimate for third-quarter earnings is pegged at 88 cents per share, implying growth of 12.8% from the year-ago reported number. The estimate was revised downward by three analysts in the past seven days against zero upward movements. The Zacks Consensus Estimate for third-quarter revenues is currently pegged at $9.3 billion, indi ...

The most recent trading session ended with Schlumberger (SLB) standing at $44.78, reflecting a +0.4% shift from the previouse trading day's closing. This change lagged the S&P 500's 0.61% gain on the day. Meanwhile, the Dow experienced a rise of 0.97%, and the technology-dominated Nasdaq saw an increase of 0.33%.The world's largest oilfield services company's shares have seen an increase of 12.06% over the last month, surpassing the Oils-Energy sector's loss of 2.26% and the S&P 500's gain of 5.36%.Investor ...

Wall Street expects a year-over-year increase in earnings on higher revenues when Schlumberger (SLB) reports results for the quarter ended September 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The earnings report, which is expected to be released on October 18, 2024, might help the stock move higher if these key numbers are better than ...

As a finance enthusiast with years of experience in research, I am deeply engaged in studying diverse businesses, especially in the technology, industrial, and conglomerate sectors. I really like companies that have strong foundations and see them doing well in the long run. I enjoy writing about these businesses, telling their stories, strategies, and financial details. I use a mix of looking at their finances and writing to give insights into how well companies might do, helping people understand the mark ...

Schlumberger (NYSE: SLB ) is one of the largest oilfield service companies in the world, with a market capitalization of roughly $60 billion. Oilfield service companies tend to suffer more during a downturn as capital expenditures dry up much quicker than production, and SchlumbergerThe Value Portfolio specializes in building retirement portfolios and utilizes a fact-based research strategy to identify investments. This includes extensive readings of 10Ks, analyst commentary, market reports, and investor pr ...

SLB (SLB) , an American oilfield services company, has partnered with Velesto Drilling, a subsidiary of Malaysia's Velesto Energy, to revolutionize rig capabilities through advanced digital solutions. This collaboration is aimed at enhancing drilling performance and reducing emissions, leveraging cutting-edge technology, to address industry challenges.SLB and Velesto Sign MoU for Digital InnovationThe memorandum of understanding (MoU) was signed during an event in Monaco, marking the beginning of a three-ye ...

SLB (SLB) , a global technology company in the United States, announced an accord with ADNOC Drilling Co. and Patterson-UTI (PTEN) to create Turnwell Industries LLC OPC, a Joint Venture (JV), to expedite the UAE's unconventional oil and gas program.The three partners look forward to innovations in artificial intelligence, smart drilling design, enhanced completions engineering and better production solutions as a result of this JV.SLB’s Strategic JV: Driving Unconventional Drilling ProgramThe prime focus of ...

At the 2024 SLB Digital Forum in Monaco, SLB (SLB) announced an extended partnership with Amazon Web Services (“AWS”), an Amazon.com, Inc. (AMZN) company, to expand access to its Delfi digital platform and explore new pathways to deploy low-carbon technologies in the energy industry. The strategic collaboration promises to further digital transformation efforts within the sector while aligning with broader environmental goals.During the Plenary Keynote at the event, AWS CEO Matt Garman shared details of the ...

SLB (SLB) has entered into an agreement with UAE-based oil giant Saudi Aramco to work on developing digital solutions aimed at reducing greenhouse gas (GHG) emissions. The companies will commercialize these digital solutions and implement them to curb GHG emissions from industrial sectors.Their plan is to consolidate these solutions into SLB’s digital sustainability platform, as part of the collaboration announced in 2022. SLB’s digital sustainability platform allows industrial companies to easily measure, ...