Schlumberger (SLB) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.Shares of this world's largest oilfield services company have returned -3.8% over the past month versus the Zacks S&P 500 composite's +3% change. The Zacks Oil and Gas - Field Services industry, to which Schlumberger belongs, has gained 0.2% over this period. Now the key question is: Where could the stock be head ...

Schlumberger (SLB) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.Shares of this world's largest oilfield services company have returned -5.5% over the past month versus the Zacks S&P 500 composite's +4.6% change. The Zacks Oil and Gas - Field Services industry, to which Schlumberger belongs, has lost 6.8% over this period. Now the key question is: Where could the stock be head ...

HOUSTON--(BUSINESS WIRE)--SLB (NYSE: SLB) today announced that it is reaffirming its full-year 2024 financial guidance. “We acknowledge the decision by Saudi Aramco to maintain its Maximum Sustainable Capacity (MSC) at 12 million barrels per day (MMBD), and not to continue increasing MSC to 13 MMBD,” said SLB Chief Executive Officer Olivier Le Peuch. “We continue to work very closely with Saudi Aramco, and our understanding is that all ongoing oil and gas projects remain intact and that only two offshore ...

HOUSTON--(BUSINESS WIRE)--SLB (NYSE: SLB) today announced a significant step toward fully autonomous drilling operations at Equinor's Brazilian Peregrino C platform. SLB digital technologies for surface automation, autonomous on-bottom drilling, and directional drilling were combined to enable 99% of a 2.6-kilometer section to be drilled in autonomous control mode. Over a five-well program, a 60% increase in rate of penetration was achieved, resulting in faster well delivery while reducing cost and carbon e ...

Many companies have tax shields and can benefit from them during a tax reporting period, but not only do they benefit, they can also offer excellent benefits to their users and thus generate a great loyalty to their products and services, which eventually would translate into financial growth for the company and good returns for investors. Here are three tax reform stocks that you can add to your portfolio.Schlumberger (SLB)Source: Maksim Shmeljov / Shutterstock.comOne of the companies with good opportuniti ...

Geopolitical and Market Risks - Demand for the company's products and services is highly dependent on oil and gas prices, with past downturns significantly impacting financial performance[45][46] - The company faces risks from geopolitical instability, including potential disruptions in markets where it operates, such as Russia and Ukraine[49][52] - Russia represented approximately 5% of the company's worldwide revenue in 2023, with net assets in Russia valued at $0.6 billion as of December 31, 2023[51] International Operations and Revenue - Non-US operations accounted for approximately 84% of the company's consolidated revenue in 2023 and 2022, and 85% in 2021[49] - Approximately 72% of the company's revenue in 2023 was denominated in US dollars, with significant expenses incurred in foreign currencies, exposing the company to foreign currency exchange rate risks[154] Energy Transition and Climate Change - The energy transition poses a significant risk, as failure to adapt to changing customer preferences and government requirements could adversely affect demand for the company's products and services[53] - Climate change regulations and initiatives, such as the Paris Agreement, could reduce demand for the company's products and services and increase operational costs[65][67] - The company's business is exposed to severe weather events, including those associated with climate change, which could result in increased operating costs or decreased revenue[74] Cybersecurity and Intellectual Property - Cybersecurity risks are a major concern, with potential impacts on the company's reputation, financial condition, and operations due to cyberattacks and data breaches[54][55][57] - Intellectual property risks, including potential infringement claims and challenges to patent protection, could impact the company's competitive advantage and revenue[59][60] Environmental and Operational Risks - Environmental compliance costs and liabilities could have a material adverse effect on the company's business, financial condition, and cash flows due to increasingly complex and stringent regulations[68] - The company uses and generates hazardous substances, which could lead to material liabilities related to contamination cleanup and personal injury claims[69] - The company faces substantial liability risks from well incidents, including blowouts and loss of containment, which could adversely affect its financial condition and cash flows[70] Sustainability and Public Health - The company's sustainability goals and emissions reduction targets are subject to operational, reputational, financial, and legal risks, and may be revised due to future innovations in measurement technologies[71] - Public health emergencies, such as COVID-19, have had and may continue to have a material adverse effect on the company's financial condition, results of operations, and cash flows[75] Competitive and Regulatory Environment - The company operates in a highly competitive environment, and failure to maintain technology leadership could adversely affect its market share and pricing power[58] - Compliance with international, regional, and local laws and regulations, including anti-corruption and trade control laws, is critical to avoid material adverse effects on the company's financial condition[61][62][63] Financial Risks and Forward-Looking Statements - A 10% appreciation in the US dollar would decrease the unrealized value of the company's forward contracts by $103 million, while a 10% depreciation would increase it by $113 million[155] - At December 31, 2023, the company had outstanding contracts for the US dollar equivalent of $10.6 billion in various foreign currencies, with $5.3 billion related to hedges of debt balances[156] - The company's forward-looking statements are subject to risks and uncertainties, including changes in global economic conditions, oil and gas prices, and regulatory requirements[157]

Schlumberger (SLB) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.Shares of this world's largest oilfield services company have returned -4.5% over the past month versus the Zacks S&P 500 composite's +2.1% change. The Zacks Oil and Gas - Field Services industry, to which Schlumberger belongs, has lost 5.6% over this period. Now the key question is: Where could the stock be head ...

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 ...