Schlumberger Stock News

Schlumberger is a top-ranked "Magic Formula" stock, combining high earnings yield and return on invested capital for strong performance. The Magic Formula, by Joel Greenblatt, identifies stocks that are both "cheap" and high-quality based on earnings yield and ROIC. Schlumberger, like Baker Hughes, is benefiting from expanding margins in the oil and gas equipment sector.

HOUSTON--(BUSINESS WIRE)--SLB (NYSE: SLB) today announced the award of a contract by bp to its OneSubsea joint venture for a subsea boosting system in the greenfield development of the Kaskida project in the deepwater U.S. Gulf of Mexico. This award marks the latest milestone in the long-standing relationship between SLB OneSubsea and bp and is the first engineering, procurement and constructio...

Shares of companies impacted by the price of oil were among the biggest movers in the S&P 500 Monday as crude futures sank after a weekend retaliatory strike against Iran by Israel didn't hit Iran's oil facilities.

SLB's Q3 comments suggested slightly muted growth expectations which spooked the market. The more important story is that the growth from the prior couple years is now trickling down to the free cash flow line. 2024 seems to have been the inflection year for share buybacks and 2025 will even more generous in this regard.

SLB (SLB) shares slumped Friday as a lower trend in oil and gas prices hurt quarterly results for the big oilfield services provider.

Schlumberger Limited (NYSE:SLB ) Q3 2024 Results Conference Call October 18, 2024 9:30 AM ET Company Participants James McDonald - Senior Vice President of Investor Relations and Industry Affairs Olivier Le Peuch - Chief Executive Officer Stephane Biguet - Chief Financial Officer Conference Call Participants James West - Evercore ISI David Anderson - Barclays Scott Gruber - Citigroup Arun Jayar...

Schlumberger's stock slumps after revenue misses expectations amid “cautious spending” by some international customers as oil prices fell.

Earnings per share came in at $0.89 in the third quarter, compared with $0.85 in the second quarter and analyst expectations for $0.88.