JHVEPhoto/iStock Editorial via Getty Images Investment thesis I have been bullish on Schlumberger Limited (NYSE:SLB) for a while and did not expect we would see another entry point in the $40s. However, terrible energy (XLE) and oilfield services (OIH) sentiment has brought us back to oversold levels not seen since the regional banking (IAT) crisis: TradingView via Seeking Alpha A major correction naturally raises questions about the validity of the fundamental thesis. However, Schlumberger's earnings beat ...

Schlumberger Limited (NYSE:SLB) Q4 2023 Results Conference Call January 19, 2024 9:30 AM ET Company Participants James McDonald - Senior Vice President of Investor Relations and Industry Affairs Olivier Le Peuch - Chief Executive Officer Stephane Biguet - Executive Vice President and Chief Financial Officer Conference Call Participants James West - Evercore ISI David Anderson - Barclays Bank PLC Scott Gruber - Citigroup Inc Luke Lemoine - Piper Sandler & Co Saurabh Pant - Bank of America Securities Neil Meh ...

SLB (SLB) reported fourth-quarter 2023 earnings of 77 cents per share (excluding charges and credits), which missed the Zacks Consensus Estimate of 84 cents. The bottom line, however, increased from the year-ago quarter’s level of 71 cents.The oilfield service giant recorded total quarterly revenues of $8.99 billion, which beat the Zacks Consensus Estimate of $8.98 billion. The top line also improved from the year-ago quarter’s figure of $7.88 billion.Better-than-expected quarterly earnings were primarily d ...

Schlumberger (SLB) reported $8.99 billion in revenue for the quarter ended December 2023, representing a year-over-year increase of 14.1%. EPS of $0.86 for the same period compares to $0.71 a year ago.The reported revenue represents a surprise of +0.09% over the Zacks Consensus Estimate of $8.98 billion. With the consensus EPS estimate being $0.84, the EPS surprise was +2.38%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determin ...

Key PointsSLB had a solid quarter, outperforming estimates and guiding for another year of strong growth. Analysts are driving this market higher and see it trading at least 30% below value. The technical picture includes a trend-following signal that could take this market to a five-year high. 5 stocks we like better than SchlumbergerThe price action in SLB NYSE: SLB entered a correction last fall, but it has ended. Within a sustained uptrend, the correction has drilled to critical levels and rebounded aft ...

About this content About Stephen Gunnion Stephen Gunnion is a senior financial journalist and broadcaster at Proactive Investors. He has more than 25 years of experience in television, radio and print media, anchoring on a number of television channels including South Africa's Business Day TV, CNBC Africa and the South African Broadcasting Corporation, where he was the economics editor. He has also worked for Daily Maverick, Bloomberg, the Business Day newspaper and Investors' Chronicle. Read more About ...

Schlumberger (SLB) came out with quarterly earnings of $0.86 per share, beating the Zacks Consensus Estimate of $0.84 per share. This compares to earnings of $0.71 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 2.38%. A quarter ago, it was expected that this world's largest oilfield services company would post earnings of $0.77 per share when it actually produced earnings of $0.78, delivering a surprise of 1.30%.Over the last ...

智通财经APP获悉，油服巨头斯伦贝谢(SLB.US)周五美股盘前公布2023年第四季度业绩。数据显示，该公司Q4营收为89.9亿美元，同比增长14%，好于市场预期;Non-GAAP 每股收益为0.86美元，同比增长21%，也好于市场预期。 斯伦贝谢在声明中表示：“随着全球能源需求的持续增长，预计国际生产将在本十年末满足供应方面发挥关键作用。值得注意的是，我们预计中东地区的创纪录投资水平将持续到2025年以后，沙特阿拉伯、阿拉伯联合酋长国、伊拉克和科威特的投资将大幅增长。海上活动仍然是这个持久增长周期的另一个独特属性，是产量增长和产能增加的重要来源，我们预计巴西、西非、东地中海、中东和东南亚的强劲活动将继续下去。” 该公司还表示：“在国际环境中，尽管各个地区的地缘政治紧张局势加剧，但我们预计不会对该行业的整体活动产生重大影响。此外，我们预计中东、全球海上活动和天然气资源领域的长期投资将在很大程度上与短期大宗商品价格波动脱钩。” ...

Shares of SLB were trading higher after the oil services provider formerly known as Schlumberger topped earnings estimates and raised its quarterly dividend. ...

HOUSTON--(BUSINESS WIRE)--SLB (NYSE: SLB) today announced results for the fourth-quarter and full-year 2023. Fourth-Quarter Results (Stated in millions, except per share amounts) Three Months Ended Change Dec. 31,2023 Sept. 30,2023 Dec. 31,2022 Sequential Year-on-year Revenue $8,990   $8,310   $7,879   8%   14% Income before taxes - GAAP basis $1,433   $1,395   $1,347   3%   6% Income before taxes margin - GAAP basis 15.9%   ...