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 (SLB), a global leader in oilfield services and energy solutions, provides cutting-edge technology for reservoir characterization, drilling optimization, and sustainable energy projects. This page serves as the definitive source for verified company updates, offering stakeholders timely access to operational developments and strategic initiatives.
Investors and industry professionals will find curated press releases covering quarterly earnings, technology partnerships, and sustainability advancements, including updates on SLB Capturi's carbon capture solutions. The collection spans operational milestones across drilling services, production enhancements, and geothermal energy innovations.
All content is organized to highlight SLB's engineering expertise in complex projects while maintaining neutral reporting standards. Bookmark this page for streamlined access to essential updates about the company's global operations and energy transition strategies.
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.
Schlumberger Limited disclosed its government payments for 2021 under the French Commercial Code. The report includes payments made to governments in Morocco, the UK, and the US, totaling approximately $3,281.4k. In Morocco, the total was $1,437.5k, mainly for taxes and dividends. The UK reported $162.8k, primarily from royalties, while the US totalled $1,681.0k, with significant taxes from various mining operations. Payments under EUR100,000 were excluded, and currency conversions were based on annual averages.
Hyzon Motors (NASDAQ: HYZN) has announced a joint development agreement (JDA) with Schlumberger (NYSE: SLB) to create zero-emission fuel cell power solutions for oil and gas operations. This partnership aims to replace traditional diesel generators with Hyzon's fuel cell systems, expected to demonstrate capabilities in Q4 2022. The collaboration will initially focus on North American land drilling rigs, potentially eliminating 10,000 tons of CO2 annually when powered by zero-carbon hydrogen. Schlumberger will facilitate customer validation and commercialization of the technology.
Schlumberger Limited (NYSE:SLB) will conduct a conference call on July 22, 2022, at 9:30 am Eastern Time to review its Q2 results for the period ending June 30, 2022. A press release detailing these results will be available at 7:00 am the same day. Interested parties can access the call by contacting the Conference Call Operator or via a live webcast at www.slb.com/irwebcast. A replay will be available until August 22, 2022.
Schlumberger has expanded its global INNOVATION FACTORI network with a new center in Oslo, Norway. This facility aims to enhance customer collaboration and agility in developing digital solutions for challenges such as drilling automation and carbon capture. By partnering with Dataiku, Schlumberger will offer a centralized machine learning platform for AI applications. This expansion adds to existing AI centers in Rio, Houston, Abu Dhabi, Beijing, and Kuala Lumpur, reinforcing Schlumberger's commitment to driving sustainability and performance in the energy sector.
