SLB (SLB) is currently considered expensive on a relative basis, with the stock trading at an 8.26x trailing 12-month Enterprise Value to Earnings Before Interest, Taxes, Depreciation and Amortization (EV/EBITDA), which is at a premium compared with the broader industry average of 6.92x. A premium valuation generally indicates that the market has strong confidence in the company’s prospects. However, this necessitates scrutiny to determine if this higher price is warranted. Image Source: Zacks Investment Re ...

SLB (SLB) is deepening its collaboration with NVIDIA to develop cutting-edge generative AI solutions tailored for the energy industry.This partnership, building on years of collaboration, aims to accelerate the deployment of industry-specific AI models across SLB's digital platforms. These platforms, including Delfi and Lumi, will enhance the way energy professionals interact with data.At the heart of this initiative is NVIDIA NeMo, a key component of the NVIDIA AI Enterprise software platform. By leveragin ...

It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors. Luckily, Zacks Premium offers several different ways to do both.Featuring daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, the research service can help you become a smarter, more self-assured investor.Zacks Premium also includes the Zacks Style Scores.What are t ...

Core Insights - SLB has launched the Lumi data and AI platform to enhance data management and operational efficiency in the energy sector [1][4] - The platform integrates advanced AI capabilities, including large language models, to facilitate faster decision-making and collaboration across the energy value chain [2][3] - Lumi is designed to be modular and secure, ensuring high-quality data access across various operational domains [2][4] Platform Features - Lumi can be deployed on major cloud service providers and on-premises systems, making it accessible to a global customer base [3] - The platform integrates with SLB's Delfi digital platform, enhancing capabilities in reservoir modeling, seismic interpretation, and operational automation [3] - Lumi adheres to industry-leading data security standards, including the Open Group's OSDU Technical Standard and NIST cybersecurity guidelines [4] Market Position - SLB's introduction of the Lumi platform represents a significant step in AI-driven digital transformation within the energy industry [4] - The platform aims to drive high-value, low-carbon operations, aligning with the industry's shift towards sustainability [3]

Schlumberger (NYSE: SLB ) is well positioned for strong growth and margin expansion in e2h24 as high-quality backlog turns to revenue. Despite the softer oil market, SLB is realizing strength in Digital & Integration, gas, and LNG internationally. With domestic land rigMichael Del Monte is a buy-side equity analyst with over 5 years of industry experience. Prior to working in the investment management industry, Michael spent over a decade in professional services working in industries that range from O&G, O ...

SLB (SLB) , an American oilfield services company, through its OneSubsea joint venture (JV), has teamed up with C-Power and Subsea7 S.A. (SUBCY) to explore innovative ocean energy solutions. The focus of this partnership is to develop a low-cost, low-carbon power source for subsea applications.SLB OneSubsea's Integrated SolutionSLB OneSubsea, the JV backed by SLB, Aker Solutions and Subsea7, will provide an integrated subsea system, including electric actuation and wireless telemetry, to support the 18-mont ...

Taking full advantage of the stock market and investing with confidence are common goals for new and old investors, and Zacks Premium offers many different ways to do both.Featuring daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, the research service can help you become a smarter, more self-assured investor.It also includes access to the Zacks Style Scores.What are the Zacks Style Scores?The Zacks Style Score ...

Jeremy Poland Oil has been under tremendous pressure, recently dropping to its lowest level in over a year. While the increased supply and lower demand are concerning, low oil prices could lead to more production cuts, which minimizes the potential downside here. Also, the economy is likely going through a transitory slowdown, and demand could increase as we advance. Additionally, the FOMC will likely cut rates next week, and a long-term easing cycle will likely begin. This dynamic is bullish for oil as ...

SLB (SLB) , an American oilfield services company, has announced a breakthrough in sustainable lithium production at its demonstration plant in Clayton Valley, NV. The company’s proprietary technology, which uses direct lithium extraction (DLE), concentration and conversion, accelerates lithium production while minimizing environmental impact.SLB’s solution is 500 times faster than any conventional method, with a significantly smaller footprint in terms of land and water usage. It produces lithium with a re ...

Vancouver, British Columbia--(Newsfile Corp. - September 11, 2024) - Pure Energy Minerals Ltd. (TSXV: PE) (OTCQB: PEMIF) ("Pure Energy" or "the Company") is pleased to report that its partner, SLB (NYSE: SLB), has completed a comprehensive technology demonstration and testing program as required to earn-in to the Company's 100%- owned Clayton Valley lithium brine project ("CV Project") in Esmeralda County, Nevada. Pure Energy and SLB formed a partnership in May of 2019, which provides for SLB to design, pe ...