Welcome to our dedicated page for Schlumberger news (Ticker: SLB), a resource for investors and traders seeking the latest updates and insights on Schlumberger stock.
Schlumberger Limited (SLB) is a global leader in providing technology for reservoir characterization, drilling, production, and processing to the oil and gas industry. Operating in more than 85 countries and employing a diverse workforce of over 140 nationalities, Schlumberger offers a comprehensive range of products and services. These extend from exploration through to production, including integrated pore-to-pipeline solutions that enhance hydrocarbon recovery and optimize reservoir performance.
SLB is the largest oilfield service company in the world, renowned for its expertise in various disciplines such as reservoir performance, well construction, and production enhancement. In recent years, SLB has also ventured into digital solutions, maintaining its status as a leading innovator in the industry. This continuous innovation has helped the company secure a dominant share in numerous end markets.
Among its recent achievements, Schlumberger has made significant advancements in digital technology and sustainability efforts. Their cutting-edge digital platforms aim to transform the way oil and gas operations are conducted, enhancing efficiency and reducing environmental impact.
Financially, SLB has demonstrated resilience and growth, marked by robust quarterly earnings and strategic partnerships. The company remains committed to driving progress in the oil and gas industry, making it an attractive option for investors looking for stability and innovation.
Stay updated on the latest developments, financial performance, and projects of Schlumberger Limited by visiting their official website or following the latest news releases.
Schlumberger has been chosen by Wintershall Dea as the preferred partner for its Terra Nova subsurface transformation program. This collaboration will utilize Schlumberger's open-source DELFI Data Ecosystem on the OSDU platform to enhance data accessibility and decision-making efficiencies. The contract spans one year, focusing on integrating data management solutions with Microsoft Azure. Schlumberger's contribution to the OSDU platform is set to unlock significant value, marking a pivotal step in Wintershall Dea's data-driven strategy.
Schlumberger has launched the Enterprise Data Solution, powered by Microsoft Energy Data Services, aiming to transform data accessibility in the energy industry. This platform aligns with the OSDU™ Technical Standard, enabling integration across various vendor technologies. Early adopters include PETRONAS and Chevron, which have improved data management and operational efficiency. The solution emphasizes AI-driven decision-making and supports the energy transition by facilitating carbon capture initiatives.
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Schlumberger has introduced its Digital Platform Partner Program, enabling independent software vendors (ISVs) to develop and market new applications via its open digital platform. This initiative allows Schlumberger customers to access a diverse range of interoperable digital solutions, enhancing data-driven decision-making across the energy sector.
Currently, nine ISVs are involved, focusing on various workflows related to reservoir engineering, carbon capture, and optimization. The initiative aims to embody a connected ecosystem that drives innovation and business performance improvement.
Schlumberger (NYSE: SLB) announced a strategic partnership with Cognite to integrate its Enterprise Data Solution with Cognite Data Fusion®, enhancing operational data usage in the energy sector. This collaboration aims to streamline data from reservoirs and wells onto a unified platform, utilizing AI and analytics to optimize production, reduce costs, and support sustainability goals. The initial focus will be on improving production operations, providing customers with enhanced management of data models and quicker time to value.
Schlumberger Limited (NYSE:SLB) will hold a conference call on October 21, 2022, to discuss its third-quarter results for the period ending September 30, 2022. The call is scheduled for 9:30 am ET with a press release issued at 7:00 am ET. To join, participants should call in 10 minutes prior to the start using provided numbers. A webcast will also be available on its website. A replay can be accessed until November 20, 2022. Schlumberger focuses on delivering digital solutions and technological innovations for the global energy industry.
Schlumberger, Aker Solutions, and Subsea 7 have formed a joint venture aimed at enhancing subsea production efficiency. This collaboration will merge Schlumberger's and Aker Solutions' subsea technologies to support decarbonization and optimize asset performance in the offshore market. The venture will see Schlumberger retain a 70% stake, while Aker Solutions and Subsea 7 will own 20% and 10%, respectively. A total of USD 306.5 million in Schlumberger stock will be issued to Aker Solutions, with Subsea 7 investing the same amount in cash. The deal awaits regulatory approvals and is expected to finalize in H2 2023.
Schlumberger has secured an EPCI contract for the Odd Job field in the Gulf of Mexico, awarded by Kosmos Energy. The OneSubsea unit will provide a subsea multiphase boosting system and related equipment, enhancing production efficiency and reducing CO2 emissions. The project aims to deliver significant cost savings while improving recovery rates for Kosmos Energy. OneSubsea boasts over 40 projects delivered since 1994, demonstrating robust track records in subsea technology.
Schlumberger Limited (NYSE: SLB) reported second-quarter 2022 revenue of $6.8 billion, a 14% sequential increase and 20% year-on-year growth. GAAP EPS rose 86% sequentially to $0.67, while EPS excluding charges increased 47% to $0.50. The company generated $408 million in cash flow from operations and announced a quarterly dividend of $0.175 per share. Schlumberger raised its full-year revenue outlook to at least $27 billion, reflecting a positive inflection point in growth and strong international performance.
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