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Schlumberger Limited - SLB STOCK NEWS

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.

News

SLB Announces First-Quarter 2024 Results, Targeting to Return $7 Billion to Shareholders Over 2024–2025

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SLB reported strong first-quarter 2024 results with revenue of $8.71 billion, a 13% year-on-year increase, and net income of $1.07 billion, up 14% year-on-year. The company announced a target to return $7 billion to shareholders over 2024-2025. International revenue grew 18% year-on-year, compensating for a 6% decline in North America. SLB CEO Olivier Le Peuch highlighted revenue growth, EPS increase, and adjusted EBITDA growth of 15%. The company aims to continue its momentum in the coming quarters.
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SLB Awarded Three Completion Contracts for Petrobras’ Buzios Field

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SLB has been awarded three completion contracts by Petrobras for the development of the Buzios Wave II oilfield, focusing on electric and digital-ready completions. The contracts aim to support Petrobras' move toward production system electrification, enhancing completion reliability and production availability. The technology developed at SLB's Taubaté Engineering Center in Brazil will be utilized in the Buzios field and potentially benefit other operators in Brazilian pre-salt fields.
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SLB Announces Agreement to Acquire ChampionX in an All-Stock Transaction

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SLB to Acquire ChampionX in All-Stock Transaction to Strengthen Production Space Leadership. SLB to Increase Shareholder Returns to $3 Billion in 2024 and $4 Billion in 2025. Annual Synergies of $400 Million Expected within Three Years.
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SLB Announces Agreement to Acquire Majority Ownership in Aker Carbon Capture

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SLB and Aker Carbon Capture are merging their carbon capture businesses to accelerate industrial decarbonization. SLB will own 80% of the combined entity, aiming to revolutionize carbon capture technology for global markets.
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SLB Announces First-Quarter 2024 Results Conference Call

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SLB (NYSE:SLB) will hold a conference call on April 19, 2024, to discuss the first quarter results ending March 31, 2024. The call is set for 9:30 am US Eastern time with a press release at 7:00 am. Access details provided for call and webcast. Replay available until May 19, 2024.
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Nabors Announces Fourth Quarter 2023 Results

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Nabors Industries Ltd. reported a net loss of $17 million in Q4 2023, compared to a loss of $49 million in Q3. Operating revenues for the full year 2023 were $3.0 billion, a 13% increase from the prior year. Adjusted EBITDA for 2023 was $915 million, a 29% year-on-year growth. The company's segments, including Nabors Drilling Solutions and Rig Technologies, also saw positive growth. The company announced collaborations and business combinations, showing promising future prospects.
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SLB Reaffirms 2024 Financial Guidance

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SLB (NYSE: SLB) reaffirms its full-year 2024 financial guidance despite Saudi Aramco's decision to maintain Maximum Sustainable Capacity at 12 MMBD. CEO Olivier Le Peuch expresses confidence in significant growth in the Kingdom and global energy demand, emphasizing the strength and longevity of the cycle through 2024 and beyond.
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SLB and Equinor Drill Most Autonomous Well Section To-Date

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SLB (NYSE: SLB) announced a significant step toward fully autonomous drilling operations at Equinor's Brazilian Peregrino C platform. Over a five-well program, a 60% increase in rate of penetration was achieved, resulting in faster well delivery while reducing cost and carbon emissions. Multidisciplinary experts collaborated to design and implement interconnected autonomous workflows, enabling the system to seamlessly drill the section. The platform combines apps, AI, physics-based science, and free-flowing data to accelerate and improve exploration, development, drilling, production, and new energy operations.
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SLB Announces Fourth-Quarter and Full-Year 2023 Results and Raises Quarterly Dividend by 10%

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SLB (NYSE: SLB) announced impressive fourth-quarter and full-year results for 2023, with fourth-quarter revenue of $8.99 billion, a 14% year-on-year increase, and full-year revenue of $33.14 billion, an 18% year-on-year increase. Fourth-quarter GAAP EPS of $0.77 decreased 1% sequentially, and full-year GAAP EPS of $2.91 increased 22% year on year. The company also reported a 10% increase in quarterly cash dividend to $0.275 per share and a full-year net income attributable to SLB of $4.20 billion, a 22% year-on-year increase.
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SLB and Nabors Announce Collaboration to Scale Adoption of Drilling Automation Solutions

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Schlumberger (SLB) and Nabors Industries (NBR) have announced a collaboration to scale the adoption of automated drilling solutions for oil and gas operators and drilling contractors. The agreement will enable customers to seamlessly integrate the companies’ drilling automation applications and rig operating systems to deliver improved well construction performance and efficiency.
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FAQ

What is the current stock price of Schlumberger (SLB)?

The current stock price of Schlumberger (SLB) is $36.83 as of December 20, 2024.

What is the market cap of Schlumberger (SLB)?

The market cap of Schlumberger (SLB) is approximately 52.3B.

What does Schlumberger Limited do?

Schlumberger Limited provides technology for reservoir characterization, drilling, production, and processing to the oil and gas industry.

In how many countries does Schlumberger operate?

Schlumberger operates in more than 85 countries.

How diverse is the Schlumberger workforce?

Schlumberger employs people from over 140 nationalities.

What are Schlumberger's core business areas?

Schlumberger's core business areas include reservoir performance, well construction, production enhancement, and digital solutions.

Why is Schlumberger considered a leader in the industry?

Schlumberger is considered a leader due to its comprehensive range of services, innovative technology, and dominant market share in various sectors.

What recent advancements has Schlumberger made?

Schlumberger has made significant advancements in digital technology and sustainability efforts aimed at transforming oil and gas operations.

How is Schlumberger performing financially?

Schlumberger has shown resilience and growth, with strong quarterly earnings and strategic partnerships.

Where can I find the latest news about Schlumberger?

The latest news about Schlumberger can be found on their official website and through news releases.

What makes Schlumberger innovative?

Schlumberger's commitment to technology and digital solutions make it one of the industry's leading innovators.

Can I apply for a job at Schlumberger?

Yes, you can apply for a position at Schlumberger by visiting careers.slb.com.

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Schlumberger Limited

NYSE:SLB

SLB Rankings

#253 Ranked by Market Cap
#1086 Ranked by Dividends

SLB Stock Data

52.26B
1.41B
0.2%
84.6%
3.07%
Oil & Gas Equipment & Services
Oil & Gas Field Services, Nec
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