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Schlumberger Stock News
$40.20
4.74%
NYSE,
Jan 02, 10:12 pm CET
Why the stock moved Beta
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President Donald Trump said that American oil companies were prepared to enter Venezuela and invest to restore production in the South American country, an announcement that came just hours after NicolΓ‘s Maduro was captured and removed by U.S. forces.
HOUSTON--(BUSINESS WIRE)--Global technology company SLB (NYSE: SLB) has been awarded a five-year contract by Aramco to provide stimulation services for its unconventional gas fields. This award is part of a broader multi-billion contract, supporting one of the largest unconventional gas development programs globally. The contract encompasses advanced stimulation, well intervention, frac automat...
SLB said on Thursday that it was partnering with Shell to develop digital and artificial intelligence tools aimed at improving performance and efficiency across upstream operations.
HOUSTON--(BUSINESS WIRE)--Global energy technology company SLB (NYSE: SLB) signed a strategic collaboration agreement with Shell to develop digital and AI solutions that drive measurable performance and efficiency gains across upstream operations for the company and the wider industry. The collaboration has the ambition to develop agentic AI-powered solutions that will accelerate and amplify th...
HOUSTON--(BUSINESS WIRE)--SLB (NYSE: SLB) will hold a conference call on January 23, 2026, to discuss the results for the fourth quarter and full year ending December 31, 2025. The conference call is scheduled to begin at 9:30 am US Eastern time and a press release regarding the results will be issued at 7:00 am US Eastern time. To access the conference call, listeners should contact the Confer...
Schlumberger (SLB) has transformed, with Digital now a major high-margin growth engine, outperforming traditional oilfield services. SLB's Digital division is forecast to reach $1B in recurring revenue by 2026, with EBITDA margins approaching 35%. Catalysts include expansion into data center solutions, ChampionX integration, and robust international oil & gas activity, despite near-term headwinds.
Schlumberger stands out as an attractive buy amid a historically extreme gold-to-oil ratio, signaling undervaluation in oil-related equities. SLB offers a compelling valuation setup on its own, with the potential for significant upside if industry pricing and drilling demand rebound over the next 12-24 months. Current market conditions for SLB also mirror rare historical extremes, suggesting a ...
SLB, APA, and Valero Energy are benefiting from bullish technical indicators.
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