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.
Overview of Schlumberger (SLB)
Schlumberger (SLB) is a global oilfield technology and services powerhouse known for its advanced reservoir engineering, drilling technology, and digital solutions. With operations in over 85 countries, the company has established itself as a comprehensive provider across the entire hydrocarbon production chain, from exploration and reservoir characterization to well construction, production enhancement, and integrated pipeline solutions.
Core Operations and Services
At its core, SLB delivers an extensive suite of products and services that address the complex challenges encountered during hydrocarbon recovery. Technology for reservoir characterization is combined with state‐of‐the‐art drilling and integrated production solutions to optimize reservoir performance. By emphasizing precision and efficiency, the company aids oil and gas operators in maximizing extraction while meeting strict operational performance standards.
Technological Innovation and Digital Solutions
SLB is recognized for its commitment to innovation, continuously investing in digital technologies that transform traditional oilfield practices. The integration of digital innovations into field operations enhances data acquisition, real-time monitoring, and predictive analytics, enabling smarter decision-making. This digitalization, when combined with traditional engineering expertise, provides a robust framework for improved reservoir performance and streamlined well construction operations.
Integrated Product and Service Offerings
What sets SLB apart is its ability to offer an integrated suite of services. The company acts as a one‐stop solution provider, seamlessly bridging the gap between exploration, production, and processing. This comprehensive approach includes drilling, well performance management, production optimization, and even the deployment of modular technologies for carbon capture and geothermal applications. SLB Capturi, its pioneering joint venture in carbon capture, embodies this innovative spirit by utilizing modular platforms to deliver scalable, industrial decarbonization solutions.
Global Presence and Competitive Position
Operating in diverse global markets, SLB leverages a multicultural workforce and deep local insights to cater to the varying demands of the oil and gas industry. Its global reach and adaptability enable it to serve a broad spectrum of clients—from national oil companies to independent operators—solidifying its position as a major player in the industry. Strategic partnerships and collaborative projects, like those in decarbonization and geothermal energy, illustrate SLB's capacity to diversify and reinforce its market presence, even as it faces stiff competition from other multinational service firms.
Expertise in Engineering and Resource Optimization
SLB's engineering acumen is notable for its capacity to integrate advanced technologies with robust field practices. The company employs specialized techniques in reservoir performance evaluation, digital simulation, and production enhancement, which contribute to more efficient resource management. Clients benefit from an array of engineered solutions that not only boost productivity but also align with complex operational dynamics inherent in the oil and gas sector.
Industry-Specific Innovations and Collaborative Projects
Beyond traditional services, SLB is at the forefront of integrating cutting-edge innovation with established field expertise. Its collaborative projects in carbon capture and geothermal development showcase a commitment to evolving operational practices through technology. These initiatives reinforce the company’s reputation as an innovator that is adept at translating complex engineering challenges into practical, scalable solutions that resonate across the energy sector.
Conclusion
In summary, Schlumberger (SLB) stands as a cornerstone in the oilfield services industry. Its deep-seated expertise in reservoir engineering, drilling technology, production solutions, and digital integration equips it to meet the evolving needs of global energy operations. With a clear focus on technical innovation and integrated service delivery, SLB continues to shape industry standards while maintaining unbiased, client-focused operational excellence.
Schlumberger Limited (SLB) reported a strong fourth-quarter for 2021, with revenue of $6.22 billion, a sequential increase of 6% and 13% year-on-year. GAAP EPS rose to $0.42, up 8% sequentially and 56% year-on-year. Full-year revenue totaled $22.9 billion, down 3% from 2020, while adjusted EBITDA reached $4.9 billion. The board approved a quarterly cash dividend of $0.125 per share. CEO Olivier Le Peuch highlighted strong digital sales and free cash flow performance, with $3 billion free cash flow for the year, indicating robust financial health and sustainability commitments.
HOUSTON--(BUSINESS WIRE)--Schlumberger Limited (NYSE:SLB) will hold a conference call on
Schlumberger Limited (NYSE:SLB) announced the redemption of $1 billion in 2.40% Senior Notes due 2022, with a redemption date set for May 2, 2022. The company has deposited sufficient funds with The Bank of New York Mellon to cover the principal and interest payments. This action is part of Schlumberger's ongoing commitment to debt reduction. The Notes will cease to accrue interest following the redemption date.
Schlumberger New Energy, in partnership with Genvia, has signed pilot project agreements aimed at advancing decarbonization in the cement and steel industries. These projects will utilize cutting-edge electrolyzer technology to produce clean hydrogen without CO2 emissions. French President Emmanuel Macron endorsed the initiative during his visit on November 16, supporting the transition to a hydrogen economy. Expected hydrogen production ranges from 200kg to 600kg per day, enhancing system efficiency and reducing electricity use.
Schlumberger Limited (NYSE: SLB) reported third-quarter 2021 results with global revenue of $5.85 billion, a 4% sequential increase and 11% year-on-year growth. GAAP diluted EPS rose 30% to $0.39, while adjusted EPS, excluding charges, increased 20% to $0.36. Cash flow from operations reached $1.07 billion, and free cash flow was $671 million. The board approved a quarterly dividend of $0.125 per share, payable January 13, 2022. CEO Olivier Le Peuch noted robust revenue growth in Well Construction and Reservoir Performance, indicating positive momentum heading into 2022.
Schlumberger has secured a notable contract from Turkish Petroleum for engineering, procurement, construction, and installation (EPCI) services at the Sakarya gas field, Turkey's largest gas reserve. The consortium, comprising Schlumberger and Subsea 7, will deliver comprehensive production solutions, including subsea production systems and an early production facility with a capacity of up to 350 MMscfd of gas. This project reflects Schlumberger's strategic collaboration and commitment to enhancing Turkey’s energy sector.
Schlumberger and AVEVA announced a partnership to integrate edge, AI, and cloud solutions to optimize oil and gas production. This collaboration aims to enhance wellsite efficiency and performance by streamlining data acquisition and processing. The partnership will focus on linking edge systems to the DELFI cognitive E&P environment, leveraging both companies' IoT and cloud capabilities. Key executives highlighted the potential for improved operational agility and product delivery through this integration.
Schlumberger Limited (NYSE:SLB) will conduct a conference call on October 22, 2021 to discuss its third-quarter results, ending September 30, 2021. The call starts at 9:30 am US Eastern time, with a press release issued at 7:00 am US Eastern time. Investors can join the call via phone at +1 (844) 721-7241 in North America or +1 (409) 207-6955 internationally, using access code 8858313. A webcast of the call will be available on www.slb.com/irwebcast and a replay will be accessible until November 22, 2021.
Schlumberger New Energy has announced an investment and collaboration agreement with EnerVenue to deploy its nickel-hydrogen battery technology, enhancing its presence in the growing stationary energy storage market. This partnership aims to accelerate the large-scale application of energy storage solutions across various sectors, including utility, commercial, and residential. Schlumberger positions itself as a leader in the energy transition, leveraging its technological expertise to support the demand for reliable and sustainable energy sources.
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