Schlumberger Limited (SLB)

NYSE: SLB · IEX Real-Time Price · USD
48.46
-0.10 (-0.21%)
At close: Feb 27, 2024, 4:00 PM
48.37
-0.09 (-0.19%)
After-hours: Feb 27, 2024, 7:59 PM EST
-0.21%
Market Cap 69.32B
Revenue (ttm) 33.14B
Net Income (ttm) 4.20B
Shares Out 1.43B
EPS (ttm) 2.91
PE Ratio 16.65
Forward PE 13.63
Dividend $1.10 (2.27%)
Ex-Dividend Date Feb 6, 2024
Volume 6,928,246
Open 48.93
Previous Close 48.56
Day's Range 48.16 - 49.01
52-Week Range 42.73 - 62.12
Beta 1.61
Analysts Strong Buy
Price Target 70.38 (+45.23%)
Earnings Date Apr 19, 2024

About SLB

Schlumberger Limited engages in the provision of technology for the energy industry worldwide. The company operates through four divisions: Digital & Integration, Reservoir Performance, Well Construction, and Production Systems. The company provides field development and hydrocarbon production, carbon management, and integration of adjacent energy systems; reservoir interpretation and data processing services for exploration data; and well construction and production improvement services and products. It also offers subsurface geology and fluid... [Read more]

Sector Energy
Founded 1926
Employees 111,000
Stock Exchange NYSE
Ticker Symbol SLB
Full Company Profile

Financial Performance

In 2023, Schlumberger's revenue was $33.14 billion, an increase of 17.96% compared to the previous year's $28.09 billion. Earnings were $4.20 billion, an increase of 22.14%.

Financial Statements

Analyst Forecast

According to 13 analysts, the average rating for SLB stock is "Strong Buy." The 12-month stock price forecast is $70.38, which is an increase of 45.23% from the latest price.

Price Target
$70.38
(45.23% upside)
Analyst Consensus: Strong Buy
Stock Forecasts

News

Final Trades: Berkshire Hathaway, JP Morgan, Toyota Motor and SLB

Today's “Halftime Report” Investment Committee, Stephanie Link, Joe Terranova, Josh Brown and Sarat Sethi give their top picks to watch for the second half.

Other symbols: TM
7 days ago - CNBC Television

Six Stocks Wall Street Loves for Valentine's Day

What could be a better gift than a list of Wall Street's favorite stocks?

Other symbols: AMZNDALMSFTNITRGP
13 days ago - Barrons

Energy sector: assessing breakout potential and key players

As the overall market continues to ramp up and trade near all-time highs, one sector has quietly consolidated. The energy sector remains close to flat this year despite the recent melt-up experienced ...

Other symbols: CVX
13 days ago - MarketBeat

TGS and SLB Announce Engagement Phase 5 in the U.S. Gulf of Mexico

OSLO, Norway (5 February 2024) – TGS, a global provider of energy data and intelligence, in a strategic collaboration with SLB, today announced the Engagement 5 Ocean Bottom Node (OBN) multi-client ac...

22 days ago - GlobeNewsWire

Big Oil Stocks Extend Losses. What It Means.

Saudi Arabian Oil Co. said this week it would no longer increase capacity as previously planned.

Other symbols: BKR
27 days ago - Barrons

Jason Snipe sells Chevron and Stephanie Link buys more SLB

Jason Snipe and Stephanie Link join CNBC's 'Halftime Report' to break down their energy trades.

Other symbols: CVX
27 days ago - CNBC Television

SLB Reaffirms 2024 Financial Guidance

HOUSTON--(BUSINESS WIRE)--SLB (NYSE: SLB) today announced that it is reaffirming its full-year 2024 financial guidance. “We acknowledge the decision by Saudi Aramco to maintain its Maximum Sustainable...

4 weeks ago - Business Wire

Oil Services Sink After Saudi Aramco Lowers Production Goal

The state-owned company pulled back on its capacity target at the direction of the Saudi Arabian government.

Other symbols: HALSUBCYXLE
4 weeks ago - Barrons

SLB and Equinor Drill Most Autonomous Well Section To-Date

HOUSTON--(BUSINESS WIRE)--SLB (NYSE: SLB) today announced a significant step toward fully autonomous drilling operations at Equinor's Brazilian Peregrino C platform. SLB digital technologies for surfa...

4 weeks ago - Business Wire

How SLB Utilizes A.I.

SLB's (SLB) 4Q adjusted EPS came in at $0.86 versus an estimated $0.84 and revenue came in at $8.99B versus an estimated $8.98B. Rakesh Jaggi recaps SLB's earnings and talks about how SLB uses cloud t...

4 weeks ago - Schwab Network

SLB says carrying value of Russia assets is $600 million

Oilfield firm SLB said on Wednesday the carrying value of its net assets in Russia was about $600 million as of Dec. 31, 2023.

4 weeks ago - Reuters

Final Trades: Alibaba, Blackstone, Apollo Global, and SLB

Stephanie Link, Hightower chief investment strategist and portfolio manager, Joe Terranova, senior managing director at Virtus Investment Partners, Karen Firestone, CEO at Aureus Asset Management, and...

Other symbols: APOBABABX
4 weeks ago - CNBC Television

Three-Stock Lunch: IBM, AT&T and SLB

Gina Sanchez, Lido Advisors chief market strategist, joins 'Power Lunch' to discuss three stocks: IBM, AT&T and SLB.

Other symbols: IBMT
5 weeks ago - CNBC Television

Cramer's Stop Trading: SLB

CNBC's Jim Cramer explains why he is keeping an eye on shares of SLB.

5 weeks ago - CNBC Television

SLB drills down to a trend-following signal for income investors

The price action in SLB NYSE: SLB entered a correction last fall, but it has ended. Within a sustained uptrend, the correction has drilled to critical levels and rebounded after the Q4 earnings releas...

5 weeks ago - MarketBeat

SLB Tops Earnings Estimates and Boosts Dividend. International Growth Is Strong.

The oil services provider posts adjusted earnings of 86 cents a share, beating analysts' forecasts by 2 cents.

5 weeks ago - Barrons

SLB Announces Fourth-Quarter and Full-Year 2023 Results and Raises Quarterly Dividend by 10%

HOUSTON--(BUSINESS WIRE)--Regulatory News: SLB (NYSE: SLB) today announced results for the fourth-quarter and full-year 2023. Fourth-Quarter Results (Stated in millions, except per share amounts) Thre...

5 weeks ago - Business Wire

Trade Tracker: Bill Baruch buys Leidos and United Rentals, sells SLB

Bill Baruch, Blue Line Capital founder, joins CNBC's 'Halftime Report' to discuss his latest portfolio moves.

Other symbols: LDOSURI
5 weeks ago - CNBC Television

Down 7% Already This Year, Will SLB Stock Recoup These Losses After Q4 Results?

SLB's stock (NYSE: SLB), formerly known as Schlumberger, which provides oil field services including drilling, completion, and production solutions to upstream oil & gas companies in the U.S. and abro...

5 weeks ago - Forbes

SLB and Nabors Announce Collaboration to Scale Adoption of Drilling Automation Solutions

HOUSTON--(BUSINESS WIRE)--Regulatory News: SLB (NYSE: SLB) and Nabors Industries (NYSE: NBR, “Nabors”) today announced a collaboration to scale the adoption of automated drilling solutions for oil and...

Other symbols: NBR
6 weeks ago - Business Wire

Schlumberger Shares Enter Oversold Territory

In trading on Wednesday, shares of Schlumberger entered into oversold territory, changing hands as low as $47.88 per share. We define oversold territory using the Relative Strength Index, or RSI, whic...

6 weeks ago - Forbes

SLB Announces Collaboration with Geminus AI

HOUSTON--(BUSINESS WIRE)--SLB (NYSE: SLB) today announced an investment and technology partnership agreement with Geminus AI that will give SLB exclusive access to deploy the first physics-informed ar...

6 weeks ago - Business Wire

Trade Tracker: The Investment Committee trading Cisco, Uber, Nike, and SLB

Sarat Sethi, DCLA managing partner and portfolio manager, Amy Raskin, Chevy Chase Trust CIO, and Stephanie Link, Hightower Advisors chief investment strategist, join CNBC's Halftime Report' to debate ...

Other symbols: CSCONKEUBER
7 weeks ago - CNBC Television

Flat Since The Beginning Of 2023, What Is Next For SLB Stock?

After an almost flattish growth since the beginning of the year, at the current price of around $53 per share, we believe SLB's stock (NYSE: SLB), formerly known as Schlumberger, which provides oil fi...

2 months ago - Forbes

SLB Announces Fourth-Quarter and Full-Year 2023 Results Conference Call

HOUSTON--(BUSINESS WIRE)--Regulatory News: SLB (NYSE: SLB) will hold a conference call on January 19, 2024 to discuss the results for the fourth quarter and full year ending December 31, 2023. The con...

2 months ago - Business Wire