Petrobras S.A. (PBR) , the Brazilian state-owned oil company, has signed a major contract with SLB (SLB) , a leading global oilfield services provider, for the maintenance of its offshore fields. SLB will offer integrated services for all offshore fields operated by Petrobras, particularly in the Campos, Santos and Espirito Santo basins. The deal is valued at $800 million.Overview of the ContractPer the terms of the agreement, SLB shall be responsible for managing the construction of more than 100 deepwater ...

Schlumberger (SLB) ended the recent trading session at $43.75, demonstrating a -1.09% swing from the preceding day's closing price. This move lagged the S&P 500's daily gain of 0.3%. Elsewhere, the Dow gained 0.99%, while the tech-heavy Nasdaq added 0.27%. The world's largest oilfield services company's shares have seen an increase of 5.97% over the last month, not keeping up with the Oils-Energy sector's gain of 6.06% and outstripping the S&P 500's gain of 2.1%. The investment community will be paying clos ...

An independent Singapore-based investor researching in trending sectors of macro markets such as Technology and Communication services. I publish articles once a month. I greatly appreciate constructive feedback on how to improve my articles and theses so as to gain experience, understanding, and most importantly advice on how to present a more nuanced point of view in my writing. These comments will enable me to gain maturity in my quantitative and qualitative analysis; quantitative via the substantiative ...

Key TakeawaysSLB stock has lost 15.3%, underperforming the 2.9% gain this year of the oil and gas field services industry.Still, the stock has a premium valuation suggesting the market has confidence in the company - is it warranted?Register now to see our 7 Best Stocks for the Next 30 Days report - free today!SLB (SLB) is currently considered expensive on a relative basis, with the stock trading at a trailing 12-month Enterprise Value to Earnings Before Interest, Taxes, Depreciation and Amortization (EV/EB ...

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Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?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 b ...

I'm a full time value investor and writer who enjoys using classical value ratios to pick my portfolio. Long-term focused on low P/B, P/FCF, Owner Earnings discounting, PEG ratios, the Graham Number and an occasional net-net hunter. I also believe tracking earnings growth versus price appreciation is an essential element to any quality evaluation.I advocate self-indexing primarily using the Dow Jones Industrial Average as my index of choice combined with Joel Greenblatt's Magic Formula. This can help with t ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file No.: 1-4601 Schlumberger N.V. (Schlumberger Limited) (Exact name of registrant as specified in its charter) Title of each class Trading Symbol(s) Name of each exchange o ...

Last week, SLB (SLB) reported strong third-quarter 2024 results, driven by earnings growth from the Production Systems and Digital & Integration business segments. Despite the positive, the oilfield service giant's overall business outlook is not impressive.Before delving into the underlying reasons for the subdued outlook and addressing how investors should strategically position themselves regarding the stock, let’s first review the third-quarter results.SLB’s Q3 Earnings SnapshotOn Oct. 18, SLB reported ...

Core Insights - SLB has announced a definitive agreement to sell its interests in the Palliser Block in Alberta, Canada, as part of its strategy to streamline its portfolio and focus on technology-driven energy solutions [1][3] Group 1: Details of the Palliser Block Assets - The Palliser Block includes oil and gas wells, surface facilities, a pipeline network, and development rights across approximately 800,000 acres [2] - SLB acquired these assets in 2017 for roughly $1 billion CAD, with a daily production rate of 54,000 barrels of oil equivalent per day (boepd) at the time of acquisition [2] - The sale is subject to regulatory approval and is expected to be finalized in the fourth quarter of 2024, indicating SLB's ongoing efforts to realign operations and potentially free up capital for future investments [2] Group 2: SLB's Broader Strategy - SLB is shifting towards a technology-centric role in the energy industry, focusing on digitalization, decarbonization, and sustainable energy solutions [3] - The divestment of the Palliser Block aligns with SLB's strategy to move away from legacy oilfield assets and concentrate on energy innovation [3] - This decision reflects the ongoing transformation in global energy markets towards cleaner and more sustainable production methods [3] Group 3: Market Position and Comparisons - SLB currently holds a Zacks Rank 4 (Sell), indicating a less favorable market position compared to other energy stocks [4] - PEDEVCO Corp. and Archrock Inc. are highlighted as better-ranked stocks in the energy sector, both holding a Zacks Rank 1 (Strong Buy) [4][5] - PEDEVCO is positioned to benefit from its holdings in prolific oil-producing regions, while Archrock focuses on stable fee-based revenues from natural gas compression services [4][5]