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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 Limited (NYSE: SLB) reported a 14% year-on-year revenue increase to $6.0 billion and a 71% rise in GAAP EPS to $0.36 for Q1 2022. The board declared a 40% dividend hike to $0.175 per share. Cash flow from operations was $131 million, reflecting seasonal working capital increases. Major revenue gains came from Well Construction and Reservoir Performance, both above 20%. The geopolitical situation led to a suspension of new investments in Russia. Schlumberger anticipates continued revenue growth through 2022, aiming for mid-teens growth for the full year.
Schlumberger Limited (NYSE:SLB) will host a conference call on April 22, 2022, to discuss its first quarter results for the period ending March 31, 2022. The call is scheduled at 9:30 am US Eastern Time, with a press release issued at 7:00 am US Eastern Time. Access details include contacting the Conference Call Operator at +1 (844) 721-7241 within North America or +1 (409) 207-6955 internationally. A webcast will also be available at www.slb.com/irwebcast, with a replay accessible until May 22, 2022.
Schlumberger (SLB: NYSE) has announced the immediate suspension of new investments and technology deployment in Russia due to the ongoing conflict in Ukraine. CEO Olivier Le Peuch expressed deep concern for the safety of employees in the affected regions. The company will fulfill existing commitments while ensuring compliance with international laws and sanctions. Schlumberger emphasizes safety and security as core values and advocates for the cessation of conflict to restore security in the region.
Schlumberger has announced an immediate suspension of new investments and technology deployment in Russia due to the escalating conflict in Ukraine. CEO Olivier Le Peuch emphasized the company's commitment to the safety of its employees and compliance with international laws and sanctions. Schlumberger remains focused on fulfilling existing commitments while closely monitoring the situation. The company, listed as SLB on the NYSE, is dedicated to providing digital solutions and innovative technologies across the global energy industry.
Schlumberger has secured a major contract with Saudi Aramco for integrated drilling and well construction services in gas drilling. The project will utilize advanced drilling technologies and digital solutions to enhance drilling performance and efficiency. Key services include drilling rigs, drill bits, and measurement technologies, along with a focus on data analysis and automation through the DrillOps solution. This contract is seen as a significant endorsement of Schlumberger’s technology and expertise in the region, continuing their collaboration with Saudi Aramco.
Schlumberger has expanded its INNOVATION FACTORI network by opening a new center in Houston, Texas, aimed at enhancing enterprise-scale AI and digital solutions for customers. Since its inception in March 2021, the initiative has delivered over 200 digital projects and is supported by a team of over 4,000 experts. The center promotes agile approaches and features partnerships with Dataiku for advanced AI capabilities. Located in The Ion, it is part of Houston's innovation ecosystem designed to boost performance and sustainability in the energy sector.
Schlumberger has launched its End-to-end Emissions Solutions (SEES) to help operators reduce methane and flare emissions as part of their decarbonization goals. SEES offers a comprehensive package of services and technologies for measurement, monitoring, and reporting emissions. With a focus on methane emissions, which represent over 60% of industry GHG emissions, SEES combines planning, measurement, and action to provide operators with a robust strategy. The initiative aims to assist clients in eliminating 1% of anthropogenic GHG emissions by 2030.
Schlumberger has launched the Schlumberger End-to-end Emissions Solutions (SEES), providing comprehensive services for measuring and eliminating methane and flare emissions. This initiative aims to assist operators in achieving their decarbonization goals amidst increasing industry pressure to reduce methane emissions. SEES will leverage a holistic approach with three key pillars: plan, measure, and act, utilizing the industry's first methane emissions digital platform. Schlumberger aspires to eliminate 1% of all anthropogenic GHG emissions by 2030, reinforcing its commitment to sustainability.
Schlumberger has been awarded a significant contract by TotalEnergies for its Tilenga onshore oil development in Uganda. This contract includes directional drilling services, completions, artificial lift solutions, and wellheads for the project, which encompasses six fields and up to 426 wells across 31 wellpads. The drilling operations are set to commence in Q4 2022. Schlumberger's commitment to a national content development plan aims to support local economic growth through education, HSE stewardship, and digital enablement.
Schlumberger has announced a deployment of its cloud-based DELFI cognitive environment for ConocoPhillips, aimed at enhancing reservoir engineering modeling through digital transformation. This collaboration will boost workflow and data efficiency globally, enabling advanced integration of Schlumberger's digital solutions with ConocoPhillips' existing workflows. Upon completion, ConocoPhillips' engineers will have access to high-performance cloud computing resources and advanced reservoir engineering tools.
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