Core Points - PWR Holdings Limited held its 11th Annual General Meeting at its new global headquarters in Stapylton, marking a significant milestone for the company [2] - The meeting acknowledged the traditional First Nations people and their contributions to the community, reflecting the company's commitment to social responsibility [1] Company Overview - The notice for the meeting was made available to shareholders on September 8, 2025, and lodged with the ASX on the same date, indicating compliance with regulatory requirements [3] - The company displayed selected products at the meeting while emphasizing the importance of intellectual property and confidentiality obligations for product development [3][4] - Proxies were received from 331 shareholders, representing approximately 42% of the total shareholder base, demonstrating active shareholder engagement [4]

Core Viewpoint - SLB reported a decline in net income and income before taxes for the third quarter of 2025 compared to both the previous quarter and the same quarter last year, indicating potential challenges in maintaining profitability in a fluctuating market [1]. Financial Performance - Revenue for the third quarter of 2025 was $8,928 million, representing a 4% increase sequentially from $8,546 million in the second quarter of 2025, but a 3% decrease from $9,159 million in the third quarter of 2024 [1]. - Income before taxes on a GAAP basis was $1,000 million, down 22% from $1,285 million in the previous quarter and down 34% from $1,507 million in the same quarter last year [1]. - The income before taxes margin on a GAAP basis decreased to 11.2%, a decline of 383 basis points sequentially and 525 basis points year-on-year [1]. - Net income attributable to SLB on a GAAP basis was $739 million, which is a 27% decrease from $1,014 million in the previous quarter and a significant decline from $1,186 million in the same quarter last year [1].

Core Insights - U.S. stock futures are trading lower, indicating a cautious market sentiment ahead of key earnings reports [1] Company Earnings and Performance - Slb NV (NYSE:SLB) is expected to report quarterly earnings of $0.66 per share on revenue of $8.97 billion [2] - CSX Corp. (NASDAQ:CSX) reported third-quarter revenue of $3.59 billion, exceeding analyst estimates of $3.58 billion, with adjusted earnings of $0.44 per share, beating expectations of $0.43 per share [2] - American Express Co. (NYSE:AXP) is anticipated to post quarterly earnings of $4.00 per share on revenue of $18.05 billion [2] - Truist Financial Corp. (NYSE:TFC) is expected to report quarterly earnings of $1.00 per share on revenue of $5.20 billion [2] Stock Movements - SLB shares fell 0.3% to $32.82 in after-hours trading [2] - CSX shares rose 2.3% to $36.80 in after-hours trading [2] - American Express shares gained 0.5% to $324.58 in after-hours trading [2] - Newsmax Inc. (NYSE:NMAX) shares increased by 1.5% to $10.99 after announcing a $5 million purchase of Bitcoin and Trump Coin [2] - Truist Financial shares gained 0.6% to $41.33 in after-hours trading [2]

Market Overview - The Singapore Oilfield Services Market was valued at USD 1.55 Billion in 2024 and is projected to reach USD 2.52 Billion by 2032, with a CAGR of 6.2% from 2025 to 2032 [1][21]. Technological Advancements - Artificial intelligence is enhancing operational efficiency, safety standards, and resource utilization in the oilfield services industry, enabling predictive maintenance and advanced seismic interpretation [2][4]. - The integration of smart sensors and robotics is improving well integrity management and production optimization, leading to safer operations and reduced environmental impact [3][4]. Market Dynamics - The market is influenced by a global push towards sustainability and technological advancement, with new regulations emphasizing environmental performance and digital transformation [6][10]. - Singapore's strategic positioning as a regional energy hub, along with its robust regulatory environment, supports the growth of high-value services and technological innovation [7][8]. Key Players - Major companies in the oilfield services market include Schlumberger Limited, Halliburton Company, and Baker Hughes Company, focusing on sustainable and low-carbon solutions [11][16]. Growth Segments - The fastest-growing segments are expected to be analytical services and subsea services, driven by the need for data-driven insights and complex deepwater developments [24][28]. Future Outlook - The market outlook remains positive, with sustained energy demand and ongoing technological advancements expected to drive growth, particularly in specialized services related to digital transformation and decarbonization efforts [21][29].

Group 1 - SLB N.V. (NYSE:SLB) is highlighted in Jim Cramer's game plan, indicating its significance in the current market [1] - Cramer expresses a bearish outlook on oil prices, suggesting that oil could drop below $60, potentially reaching $55 [1] - SLB provides a range of services and technologies for the energy sector, including field development, hydrocarbon production, and carbon management [1] Group 2 - Cramer advises caution regarding SLB stock, indicating a preference against oil stocks and suggesting to "keep watching" without making a purchase [1] - The article suggests that certain AI stocks may present better investment opportunities with higher upside potential and lower downside risk compared to SLB [1]

Core Insights - SLB is scheduled to report its third-quarter 2025 results on October 17, with adjusted earnings expected at 67 cents per share, reflecting a 24.7% decline from the previous year [1][2][9] - Revenue is projected to be $8.9 billion, indicating a 2.4% decrease compared to the same quarter last year [3][9] - The pricing environment for WTI crude oil has been less favorable in the third quarter of 2025, which may have negatively impacted demand for SLB's oilfield services [4][5][9] Earnings Performance - In the last reported quarter, SLB's adjusted earnings of 74 cents per share exceeded the Zacks Consensus Estimate of 73 cents, driven by international growth and strong digital revenues [1] - SLB has missed the Zacks Consensus Estimate for earnings once in the last four quarters and has beaten it three times, with an average surprise of 0.51% [2] Market Conditions - Average spot prices for WTI crude oil in July, August, and September were $68.39, $64.86, and $63.96 per barrel, respectively, compared to higher prices in the same months of the previous year [4] - The decline in crude oil prices is expected to have softened demand for SLB's services in the September quarter [5][9] Earnings Expectations - The Earnings ESP for SLB is -2.82%, indicating that the model does not predict an earnings beat for this reporting cycle [6] - SLB currently holds a Zacks Rank of 4 (Sell), which further suggests a challenging outlook for the upcoming earnings report [6]

Core Insights - Schlumberger and SBM Offshore have formed an exclusive digital alliance aimed at optimizing offshore production system performance [1] - The alliance combines Schlumberger's digital technologies and expertise in subsurface, subsea, surface production, and recovery with SBM Offshore's digital capabilities in the lifecycle management of Floating Production Storage and Offloading (FPSO) units [1] - The partnership aims to create an AI-driven digital ecosystem to enhance FPSO digital asset management, improve operational efficiency, and reduce total ownership costs for offshore operators [1] Summary by Sections - **Digital Ecosystem Integration** - The digital ecosystem will integrate SBM Offshore's operational workflows, data, and lifecycle expertise with Schlumberger's digital technologies, including the OptiSite solution based on Cognite Data Fusion [2] - Once fully implemented, the system will enable offshore asset operating teams to proactively identify and address potential issues in operations, maintenance, and engineering before they escalate [2] - **Data Analysis and Decision-Making** - The goal will be achieved through real-time contextual data analysis of the entire asset infrastructure, including subsea wells, risers, pipelines, and topside systems [2] - The ecosystem will facilitate more efficient and flexible decision-making throughout the entire lifecycle of offshore production [2]

Core Insights - Wall Street is entering earnings season with reports from major financial institutions such as Wells Fargo, Goldman Sachs, Citigroup, Bank of America, Morgan Stanley, and JPMorgan expected [1] - Despite a significant sell-off on Friday, there is an expectation that the market's multi-year rally is not over [1] Earnings Reports - Earnings season begins on Tuesday with Blackrock, Wells Fargo, and Goldman Sachs reporting; all three have performed well this year and are not heavily impacted by the trade war [3] - Johnson & Johnson and Domino's Pizza will also report on Tuesday, with expectations for Johnson & Johnson to have the best quarter in its sector, while Domino's may miss estimates [4] - On Wednesday, Bank of America, Morgan Stanley, and Abbott Laboratories will report; Morgan Stanley has shown positive results recently, and Abbott is considered reliable [4] - Thursday will see earnings from Taiwan Semiconductor, CSX, and Charles Schwab, with positive figures expected from Taiwan Semiconductor, which supplies chips to Nvidia and AMD [6] - American Express and SLB will report on Friday; American Express shares typically decline post-earnings, while SLB management is known for transparency [7] Market Context - The week is complicated by a sharp decline in Treasury yields, which usually indicates better economic conditions ahead, but current sentiment is negative [2] - Salesforce's annual conference begins on Monday, and clarity on President Trump's new tariffs on China is anticipated, following threats of a significant increase in tariffs on Chinese imports [2]

Market Overview - Stocks experienced a sell-off as President Trump threatened a "massive" tariff increase on China, particularly concerning rare earth minerals, which surprised the market given recent improvements in trade relations [1] - The S&P 500 index was down 1.9% and the Nasdaq fell approximately 2.6%, marking the first 1% drop for the S&P 500 since August 1 [1] Company Performance - Nvidia emerged as the best performer in the Investing Club portfolio, soaring approximately 1,527% over the three-year bull market [1] - Other top performers included Broadcom, which increased more than 665%, Meta Platforms with a gain of almost 458%, and CrowdStrike, which rose over 224% [1] - The bottom performers included Bristol Myers Squibb, down more than 36%, Nike, down nearly 26%, and both Danaher and Starbucks, each down nearly 9% [1] Upcoming Earnings - The third-quarter earnings season is set to begin, with over 30 S&P 500 companies scheduled to report next week [1] - Major banks such as Goldman Sachs, Wells Fargo, JPMorgan, and Citigroup will kick off earnings reports on Tuesday, along with BlackRock and Johnson & Johnson [1] - Other notable companies reporting next week include Abbott Laboratories, Bank of America, Morgan Stanley, American Express, CSX, Charles Schwab, SLB, and Prologis [1]

Core Viewpoint - The market anticipates a year-over-year decline in Schlumberger's earnings due to lower revenues, with a focus on how actual results compare to estimates [1][3]. Earnings Expectations - Schlumberger is expected to report quarterly earnings of $0.67 per share, reflecting a year-over-year decrease of 24.7% [3][19]. - Revenue is projected to be $8.94 billion, down 2.4% from the same quarter last year [3][19]. Estimate Revisions - The consensus EPS estimate has been revised down by 0.28% over the last 30 days, indicating a reassessment by analysts [4][19]. - The Most Accurate Estimate is lower than the Zacks Consensus Estimate, resulting in an Earnings ESP of -2.82%, suggesting a bearish outlook from analysts [12][19]. Earnings Surprise Prediction - The Zacks Earnings ESP model indicates that a positive or negative reading can predict deviations from consensus estimates, but the predictive power is stronger for positive readings [9][10]. - Schlumberger's current Zacks Rank is 4 (Sell), complicating predictions of an earnings beat [12][20]. Historical Performance - In the last reported quarter, Schlumberger exceeded earnings expectations with a surprise of +1.37% [13]. - Over the past four quarters, the company has beaten consensus EPS estimates three times [14]. Conclusion - Schlumberger does not appear to be a strong candidate for an earnings beat based on current estimates and rankings, but other factors should also be considered by investors [17][20].