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 ...

DarthArt/iStock Editorial via Getty Images For Stock Waves, I scan for opportunities for where a stock’s fundamentals match its technicals, either bullish or bearish. And sometimes I make one public. This article takes a look at two stocks with potentially divergent outcomes. One is unloved but has a lot of upside potential. The other is a market darling, but has a lot of risk. Lyn Alden SLB Schlumberger, or SLB (SLB), is an oilfield services company with a global footprint. They are a technology and ...

For Immediate ReleaseChicago, IL – August 5, 2024 – Today, Zacks Equity Research discusses SLB (SLB) , Baker Hughes Co. (BKR) , Helix Energy Solutions Group Inc. (HLX) and Solaris Oilfield Infrastructure Inc. (SOI) .Industry: Oilfield ServicesLink: https://www.zacks.com/commentary/2315306/4-oilfield-services-stocks-set-to-escape-industry-weaknessStrict capital discipline among upstream energy companies is reducing the demand for oilfield services, resulting in a pessimistic forecast for the Zacks Oil and Ga ...

The Investment Solidifies ILiAD's Leading Role in Global DLE Deployment SAN DIEGO, July 31, 2024 /PRNewswire/ -- ILiAD Technologies, LLC, a subsidiary of EnergySource Minerals (ESM), today announced the successful close of their funding round with a significant investment from global technology company SLB (NYSE: SLB). This investment unlocks funding to build upon the technological advantages of the ILiAD direct lithium extraction (DLE) technology platform and expands its reach for deployment at lithium pro ...

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 June 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) Curaçao 52-0684746 (State or other jurisdiction of incorporation o ...

Last week, SLB (SLB) reported strong second-quarter 2024 results, driven by widespread activities in the international market and margin improvements across all business segments. Despite the oilfield service giant's core business capitalizing on its favorable momentum, the overall business outlook is not impressive.Before delving into the underlying reasons for the subdued outlook and addressing the critical question of how investors should strategically position themselves regarding the stock, let’s first ...

Schlumberger Limited (NYSE:SLB) Q2 2024 Results Conference Call July 19, 2024 9:30 AM ET Company Participants James McDonald - SVP of IR & Industry Affairs Olivier Le Peuch - CEO Stephane Biguet - EVP & CFO Conference Call Participants James West - Evercore ISI David Anderson - Barclays Scott Gruber - Citigroup Arun Jayaram - JPMorgan Neil Mehta - Goldman Sachs Dan Kutz - Morgan Stanley Luke Lemoine - Piper Sandler Saurabh Pant - Bank of America Marc Bianchi - TD Cowen Kurt Hallead - Benchmark Operator Than ...

SLB (SLB) reported second-quarter 2024 earnings of 85 cents per share (excluding charges and credits), which beat the Zacks Consensus Estimate of 83 cents. The bottom line increased from the year-ago quarter’s level of 72 cents.The oilfield service giant recorded total quarterly revenues of $9.14 billion, which beat the Zacks Consensus Estimate of $9.07 billion. The top line also improved from the year-ago quarter’s figure of $8.10 billion.The strong quarterly results were primarily driven by broad-based in ...