As a finance enthusiast with years of experience in research, I am deeply engaged in studying diverse businesses, especially in the technology, industrial, and conglomerate sectors. I really like companies that have strong foundations and see them doing well in the long run. I enjoy writing about these businesses, telling their stories, strategies, and financial details. I use a mix of looking at their finances and writing to give insights into how well companies might do, helping people understand the mark ...

Schlumberger (NYSE: SLB ) is one of the largest oilfield service companies in the world, with a market capitalization of roughly $60 billion. Oilfield service companies tend to suffer more during a downturn as capital expenditures dry up much quicker than production, and SchlumbergerThe Value Portfolio specializes in building retirement portfolios and utilizes a fact-based research strategy to identify investments. This includes extensive readings of 10Ks, analyst commentary, market reports, and investor pr ...

SLB (SLB) , an American oilfield services company, has partnered with Velesto Drilling, a subsidiary of Malaysia's Velesto Energy, to revolutionize rig capabilities through advanced digital solutions. This collaboration is aimed at enhancing drilling performance and reducing emissions, leveraging cutting-edge technology, to address industry challenges.SLB and Velesto Sign MoU for Digital InnovationThe memorandum of understanding (MoU) was signed during an event in Monaco, marking the beginning of a three-ye ...

SLB (SLB) , a global technology company in the United States, announced an accord with ADNOC Drilling Co. and Patterson-UTI (PTEN) to create Turnwell Industries LLC OPC, a Joint Venture (JV), to expedite the UAE's unconventional oil and gas program.The three partners look forward to innovations in artificial intelligence, smart drilling design, enhanced completions engineering and better production solutions as a result of this JV.SLB’s Strategic JV: Driving Unconventional Drilling ProgramThe prime focus of ...

At the 2024 SLB Digital Forum in Monaco, SLB (SLB) announced an extended partnership with Amazon Web Services (“AWS”), an Amazon.com, Inc. (AMZN) company, to expand access to its Delfi digital platform and explore new pathways to deploy low-carbon technologies in the energy industry. The strategic collaboration promises to further digital transformation efforts within the sector while aligning with broader environmental goals.During the Plenary Keynote at the event, AWS CEO Matt Garman shared details of the ...

SLB (SLB) has entered into an agreement with UAE-based oil giant Saudi Aramco to work on developing digital solutions aimed at reducing greenhouse gas (GHG) emissions. The companies will commercialize these digital solutions and implement them to curb GHG emissions from industrial sectors.Their plan is to consolidate these solutions into SLB’s digital sustainability platform, as part of the collaboration announced in 2022. SLB’s digital sustainability platform allows industrial companies to easily measure, ...

SLB (SLB) is currently considered expensive on a relative basis, with the stock trading at an 8.26x trailing 12-month Enterprise Value to Earnings Before Interest, Taxes, Depreciation and Amortization (EV/EBITDA), which is at a premium compared with the broader industry average of 6.92x. A premium valuation generally indicates that the market has strong confidence in the company’s prospects. However, this necessitates scrutiny to determine if this higher price is warranted. Image Source: Zacks Investment Re ...

SLB (SLB) is deepening its collaboration with NVIDIA to develop cutting-edge generative AI solutions tailored for the energy industry.This partnership, building on years of collaboration, aims to accelerate the deployment of industry-specific AI models across SLB's digital platforms. These platforms, including Delfi and Lumi, will enhance the way energy professionals interact with data.At the heart of this initiative is NVIDIA NeMo, a key component of the NVIDIA AI Enterprise software platform. By leveragin ...

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Core Insights - SLB has launched the Lumi data and AI platform to enhance data management and operational efficiency in the energy sector [1][4] - The platform integrates advanced AI capabilities, including large language models, to facilitate faster decision-making and collaboration across the energy value chain [2][3] - Lumi is designed to be modular and secure, ensuring high-quality data access across various operational domains [2][4] Platform Features - Lumi can be deployed on major cloud service providers and on-premises systems, making it accessible to a global customer base [3] - The platform integrates with SLB's Delfi digital platform, enhancing capabilities in reservoir modeling, seismic interpretation, and operational automation [3] - Lumi adheres to industry-leading data security standards, including the Open Group's OSDU Technical Standard and NIST cybersecurity guidelines [4] Market Position - SLB's introduction of the Lumi platform represents a significant step in AI-driven digital transformation within the energy industry [4] - The platform aims to drive high-value, low-carbon operations, aligning with the industry's shift towards sustainability [3]