Wall Street expects a year-over-year increase in earnings on higher revenues when Schlumberger (SLB) reports results for the quarter ended June 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 stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on July 19. On th ...

When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?Let's take a look at what these Wall Street heavyweights have to say about Schlumberger (SLB) before we discuss the reliability of brokerage recommendations and how to use them to your advantage.Schlumberger currently has an average brokerage recommendati ...

The most recent trading session ended with Schlumberger (SLB) standing at $45.28, reflecting a +0.18% shift from the previouse trading day's closing. The stock trailed the S&P 500, which registered a daily gain of 1.02%. At the same time, the Dow added 1.09%, and the tech-heavy Nasdaq gained 1.18%.The world's largest oilfield services company's shares have seen an increase of 0.53% over the last month, surpassing the Oils-Energy sector's loss of 11.98% and falling behind the S&P 500's gain of 4.44%.Investor ...

CHINA - 2023/11/03: In this photo illustration, the world's largest offshore drilling company ... [+] Schlumberger (SLB) logo seen displayed on a smartphone with an Artificial intelligence (AI) chip and symbol in the background. (Photo Illustration by Budrul Chukrut/SOPA Images/LightRocket via Getty Images)SOPA Images/LightRocket via Getty ImagesAfter a 10% decline since the beginning of the year, at the current price of around $47 per share, we believe SLB’s stock (NYSE: SLB), formerly known as Schlumberge ...

SLB (SLB) has been awarded a contract by Equinor ASA (EQNR) to deliver the front-end engineering design (“FEED”) for an innovative all-electric subsea project in Norwegian waters.The project marks a notable advancement in subsea technology, focusing on electrification to enhance efficiency and production capabilities. It will be carried out by SLB OneSubsea, a joint venture supported by SLB, Aker Solutions and Subsea7, with headquarters in Oslo and Houston.Per the agreement, SLB will oversee the FEED for a ...

Schlumberger (SLB) closed the latest trading day at $47.52, indicating a +0.08% change from the previous session's end. The stock's performance was behind the S&P 500's daily gain of 0.09%. Elsewhere, the Dow saw a downswing of 0.1%, while the tech-heavy Nasdaq appreciated by 0.16%.Shares of the world's largest oilfield services company have appreciated by 2.68% over the course of the past month, outperforming the Oils-Energy sector's loss of 0.69% and lagging the S&P 500's gain of 2.83%.The investment comm ...

The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price. Do they really matter, though?Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about Schlumberger (SLB) .Schlumberger currently has an average brokera ...

Schlumberger (SLB) ended the recent trading session at $43.63, demonstrating a +1.47% swing from the preceding day's closing price. This move outpaced the S&P 500's daily gain of 0.77%. At the same time, the Dow added 0.49%, and the tech-heavy Nasdaq gained 0.95%.Shares of the world's largest oilfield services company witnessed a loss of 11.5% over the previous month, trailing the performance of the Oils-Energy sector with its loss of 7.24% and the S&P 500's gain of 3.71%.Investors will be eagerly watching ...

SLB (SLB) , an American oilfield services company, and Norwegian carbon capture specialist Aker Carbon Capture (“ACC”) have finalized their joint venture (JV). This partnership includes ACC’s sale of 80% of its shares in Aker Carbon Capture Holding (“ACCH”) to an SLB subsidiary.The transaction, initially announced in March, involves SLB paying NOK 4.12 billion (approximately $385.7 million) in cash for the majority stake in ACCH. SLB will also integrate its own carbon capture business into the JV, while ACC ...

OSLO, Norway, June 14, 2024 /PRNewswire/ -- Reference is made to the announcement made by Aker Carbon Capture ASA ("ACC ASA" or the "Company") today regarding closing of the previously announced joint venture with SLB, which includes the sale by ACC ASA of 80% of its shares in Aker Carbon Capture Holding AS ("ACCH") to a subsidiary of SLB. ACC ASA will maintain ownership of the remaining 20% of the shares in ACCH.As a result of the transaction, there will be changes in the Company's executive management. Eg ...