Successful Operation at SLB's Clayton Valley, Nevada Demonstration PlantSAN DIEGO, Sept. 11, 2024 /PRNewswire/ -- Today, ILiAD Technologies, LLC celebrates the use of its direct lithium extraction (DLE) technology at scale at SLB's (NYSE: SLB) Clayton Valley Demonstration Plant, producing high-purity, battery-grade lithium. This comes as SLB announced the successful completion of its integrated technology solution at its demonstration plant in Clayton Valley, Nevada.ILiAD's technology was integral to the su ...

The Oil/Energy sector is well-known for its inherent unpredictability, with frequent spikes and falls. While significant price fluctuations have always been a hallmark of investments in oil and natural gas, the level of uncertainty has significantly increased in recent years, particularly following the COVID-19 pandemic.This volatility is a reflection of substantial uncertainty in demand/supply fundamentals, with the companies’ profits often depending on commodity prices. Headwinds across the political spec ...

CalypsoArtFamed investor Peter Lynch once said that if you look at 10 different stocks, you might find one that is interesting. That also goes for bull markets like the one we are in now. Despite headline-making gains in the DJIA and S&P 500 (SPY), there is plenty of value to be had so long as one is willing to do a bit of digging, or “drilling” as it relates to this particular stock. This brings me to SLB (formerly known as Schlumberger) (NYSE:SLB), which strikes me as the pick and shovel play to the o ...

SLB (SLB) , a leading global oilfield service provider, has introduced a well integrity assessment solution. The new solution is aimed at advancing carbon capture technology to support the creation of a low-carbon energy ecosystem. SLB’s new solution will enable carbon storage developers to assess the risks associated with wells at sites where drilling activity was conducted previously.Many prospective sites for carbon storage are located in oil and gas fields where drilling activities were undertaken previ ...

In the latest market close, Schlumberger (SLB) reached $45.60, with a +1.06% movement compared to the previous day. The stock's change was more than the S&P 500's daily loss of 0.32%. Elsewhere, the Dow gained 0.16%, while the tech-heavy Nasdaq lost 0.85%.Heading into today, shares of the world's largest oilfield services company had lost 7.6% over the past month, lagging the Oils-Energy sector's gain of 0.1% and the S&P 500's gain of 1.52% in that time.The upcoming earnings release of Schlumberger will be ...

Floriana Investment Thesis SLB (NYSE:SLB), formerly known as Schlumberger, is a company in transition from a highly cyclical and services heavy revenue mix to a more stable, product-driven business. The new revenue mix is driving higher profit margins and is aimed at a larger addressable market, which should result in more stable, predictable operating results. Already three years underway, this transformation and the potential for continued dividend growth is underappreciated and under owned by institution ...

Schlumberger (SLB) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future.Over the past month, shares of this world's largest oilfield services company have returned -8%, compared to the Zacks S&P 500 composite's +2.2% change. During this period, the Zacks Oil and Gas - Field Services industry, which Schlumberger falls in, has lost 9.2%. The key question now is: What coul ...

Year to date, SLB (SLB) shares have lost 14.9%, significantly underperforming the industry’s decline of 4.8%. The slowdown in North American and international drilling activities has reduced the demand for SLB's products and services, including those aimed at optimizing well placement, maximizing drilling efficiency and more, contributing to the underperformance in the company's share price.  Image Source: Zacks Investment Research The critical question now facing investors is how to position themselves reg ...

SLB (SLB) , an American oilfield services company, is expanding its operations in Russia, capitalizing on the exit of key Western competitors following Russia's full-scale invasion of Ukraine, per a Financial Times report. The Houston-based company has secured new contracts and increased its workforce in Russia, which contrasts sharply with the actions of major competitors that withdrew from the market in 2022.New Contracts and Recruitment SurgeDespite the geopolitical tension, SLB has continued to strength ...

Digital transformation in the energy industry continues to drive comprehensive cybersecurity solutions in the face of growing cyber threatsHOUSTON and SANTA CLARA, Calif., Aug. 19, 2024 /PRNewswire/ -- Global energy technology company SLB (NYSE: SLB) and global cybersecurity leader Palo Alto Networks (NASDAQ: PANW) today announced they are expanding their collaboration to strengthen cybersecurity for the energy sector.The companies will combine SLB's cloud and edge technologies and domain expertise in the e ...