机构观点机构对斯伦贝谢盈利前景保持审慎。2026年2月，33家覆盖机构中82%维持"买入或增持"评 级，目标均价54.71美元，较当前股价溢价有限。市场预期2026年第一季度每股收益同比下滑17.85%， 净利润同比下滑11.35%，反映行业成本压力及需求不确定性。投行Evercore ISI在1月7日将评级从"与大 盘持平"上调至"跑赢大盘"，目标价54美元，看好国际油田开支增长前景。公司预计2026年营收在369亿 至377亿美元之间，计划向股东返还超40亿美元。 以上内容基于公开资料整理，不构成投资建议。 经济观察网美国财政部宣布允许美国公司向委内瑞拉提供石油生产设备和技术，斯伦贝谢作为被点名的 油田服务公司直接受益于这一政策松绑。同日，斯伦贝谢获阿曼石油开发公司两份五年期合同，为阿曼 6号区块提供井口设备及人工举升技术，旨在提升采收率和本地制造产能。此外，2月11日为除权除息 日，每股派息0.295美元，除息机制对当日股价形成一定压制。 股票近期走势近7个交易日(2月5日至12日)，斯伦贝谢股价区间振幅达7.86%，累计上涨2.45%。2月5日 股价大跌3.58%至49.22美元，反映市场对地缘政治风 ...

Core Viewpoint - Schlumberger (SLB) reported better-than-expected Q4 earnings, driven by the acquisition of ChampionX, and plans to return $4 billion to shareholders through dividends and stock buybacks [1] Group 1: Financial Performance - Q4 revenue reached $9.75 billion, a 5% year-over-year increase, exceeding market expectations of $9.55 billion [2] - Adjusted earnings per share (EPS) were $0.78, surpassing the consensus estimate of $0.74 [2] - North America revenue grew approximately 26% to $2.21 billion, contributing $879 million in revenue and $206 million in adjusted core profit from the ChampionX acquisition [1][2] Group 2: Operational Insights - Cash flow from operations was $3.01 billion, with free cash flow at $2.29 billion [2] - The company expects increased drilling activity in the Middle East, positioning itself favorably for recovery opportunities [3] Group 3: Market Outlook - CEO Olivier LePeuch indicated that challenges in key regions are expected to be resolved by 2026, with a positive outlook for the company's operations in Venezuela as U.S. oil companies return to the market [3] - Schlumberger's stock has risen 23% since the U.S. arrest of Venezuelan President Nicolás Maduro, reflecting investor optimism about the potential recovery of Venezuela's oil industry [3]

Core Insights - Kuwait Oil Company has signed a multi-year cooperation agreement with Baker Hughes to enhance oil and gas production in Kuwait through advanced artificial lift technology [1] - The agreement highlights Kuwait's strategic direction to fully exploit the potential of mature oil fields through digitalization and automation [1] Group 1: Agreement Details - Baker Hughes will provide electric submersible pump systems along with installation, monitoring, and maintenance services to improve production reliability and reduce downtime [1] - The artificial lift systems will integrate with Baker Hughes' FusionPro intelligent production drive and Leucipa automated oil field production platform for real-time monitoring and performance optimization [1] Group 2: Baker Hughes' Market Position - Baker Hughes is deepening its presence in the Kuwaiti market, having been awarded another contract for advanced cable logging and perforation services by Kuwait Oil Company in Q3 2025 [1] - The company operates a 25,000 square meter maintenance workshop in the region, focusing on testing, diagnostics, and troubleshooting of artificial lift equipment [1] Group 3: Future Collaborations - Earlier in 2025, a memorandum of understanding was signed between the two companies to establish a research and development center in Kuwait's Ahmadi Innovation Valley, aimed at supporting upstream technology innovation and local talent development [1] - This new contract reflects Kuwait's long-term strategy to maintain production levels of mature assets while enhancing operational efficiency and economic benefits through advanced oil field technologies [1]