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SLB Misses on Q1 Earnings and Revenues Amid Weak Activity
ZACKS· 2025-04-25 15:26
SLB (SLB) reported first-quarter 2025 earnings of 72 cents per share (excluding charges and credits), which missed the Zacks Consensus Estimate of 74 cents. The bottom line also decreased from the year-ago quarter’s level of 75 cents. (Find the latest EPS estimates and surprises on Zacks Earnings Calendar.)The oilfield service giant recorded total quarterly revenues of $8.49 billion, which missed the Zacks Consensus Estimate of $8.59 billion. The top line declined from the year-ago quarter’s figure of $8.71 ...
Eni Eyes More Upstream Asset Sales After $1.65B Vitol Deal
ZACKS· 2025-04-08 11:50
Group 1: Eni's Strategic Moves - Eni SpA is considering additional sales of its upstream oil and gas assets to optimize its portfolio, following a recent agreement with Vitol to sell stakes in assets in the Ivory Coast and the Republic of Congo [1][3] - The deal with Vitol, valued at $1.65 billion, reflects Eni's strategy to streamline its portfolio and attract capital through divestments while advancing energy transition goals [3][4] - Eni's chief operating officer noted significant investor interest in the company's asset divestments, prompting further consideration of additional sales [2][4] Group 2: Market Response and Implications - The potential new sales could enable Eni to reallocate capital more efficiently, invest in energy transition projects, or reduce debt [4] - High investor interest indicates a resilient appetite for upstream oil and gas assets, particularly in Africa, where Eni has a significant presence [4]