Schlumberger Limited (SLB)

NYSE: SLB · Real-Time Price · USD
42.74
-0.64 (-1.46%)
Dec 4, 2024, 4:00 PM EST - Market closed
-1.46%
Market Cap 60.36B
Revenue (ttm) 36.00B
Net Income (ttm) 4.48B
Shares Out 1.41B
EPS (ttm) 3.11
PE Ratio 13.74
Forward PE 12.16
Dividend $1.10 (2.57%)
Ex-Dividend Date Dec 4, 2024
Volume 10,227,559
Open 43.35
Previous Close 43.38
Day's Range 42.32 - 43.44
52-Week Range 38.66 - 55.69
Beta 1.52
Analysts Strong Buy
Price Target 61.18 (+43.15%)
Earnings Date Jan 17, 2025

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 18 analysts, the average rating for SLB stock is "Strong Buy." The 12-month stock price forecast is $61.18, which is an increase of 43.15% from the latest price.

Price Target
$61.18
(43.15% upside)
Analyst Consensus: Strong Buy
Stock Forecasts

News

Aramco, SLB and Linde plan to build carbon capture project

Saudi oil giant Aramco, top oilfield services company SLB and Linde, the world's largest industrial gases company, have signed an agreement to build a carbon capture and storage project in Jubail, Sau...

15 hours ago - Reuters

SLB Capturi Completes Construction of the World's First Industrial-Scale Carbon Capture Plant at a Cement Facility

OSLO, Norway--(BUSINESS WIRE)--SLB Capturi has reached a significant milestone of mechanical completion of the carbon capture plant at Heidelberg Materials' cement facility in Brevik, Norway. With the...

2 days ago - Business Wire

Schlumberger: Buy This Oilfield Service Leader

Schlumberger has 4 key revenue streams and operates globally. Its narrative is focusing on capital discipline, operating efficiency and margins as it improves margins. Schlumberger's strong cash flows...

9 days ago - Seeking Alpha

Schlumberger: Buy While The Market Is Asleep On Digital Transformation

SLB's strategic positioning in oilfield services, strong digital solutions growth, and robust financial health make it a compelling investment opportunity. Despite near-term headwinds, SLB's expanding...

13 days ago - Seeking Alpha

Schlumberger: Digital Transformation Of The Energy Sector Could Provide Catalysts

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 a...

5 weeks ago - Seeking Alpha

SLB OneSubsea awarded subsea boosting contract for bp's Kaskida project in Gulf of Mexico

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...

5 weeks ago - Business Wire

Oil Stocks Fall, Travel Shares Rise as Crude Futures Plunge

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 o...

5 weeks ago - Investopedia

Calls of the Day: Gilead, Berkshire Hathaway and SLB

The Investment Committee debate the latest Calls Of The Day

Other symbols: GILD
6 weeks ago - CNBC Television

Schlumberger: Growth May Be Slowing, But The Buybacks Are Accelerating

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 ...

6 weeks ago - Seeking Alpha

SLB Revenue Hurt by Falling Commodity Prices

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

6 weeks ago - Investopedia

Schlumberger Limited (SLB) Q3 2024 Earnings Call Transcript

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 Oliv...

6 weeks ago - Seeking Alpha

Committee Stocks on the Move: P&G, SLB, Intuitive Surgical and CVS

The Investment Committee discuss some of their stocks that are on the move.

Other symbols: CVSISRGPG
6 weeks ago - CNBC Television

Cramer's Stop Trading: SLB

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

6 weeks ago - CNBC Television

Schlumberger's stock slumps as falling oil prices turn customers cautious

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

Other symbols: BNODBOGUSHIEOOIHPXJUCO
6 weeks ago - Market Watch

SLB Beats on Earnings but Misses on Sales. The Stock Is Slipping.

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.

6 weeks ago - Barrons

SLB beats quarterly profit estimates on international business strength

SLB beat analysts' estimates for third-quarter profit on Friday, as the oilfield services provider benefited from steady demand for its drilling equipment and technology in its international markets.

6 weeks ago - Reuters

SLB Announces Third-Quarter 2024 Results

NEW YORK--(BUSINESS WIRE)--SLB (NYSE: SLB) today announced results for the third quarter of 2024. Third-Quarter Results (Stated in millions, except per share amounts) Three Months Ended   Change Sept....

6 weeks ago - Business Wire

SLB Gears Up For Q3 Print; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts

Schlumberger Limited SLB will release earnings results for its third quarter, before the opening bell on Friday, Oct. 18.

6 weeks ago - Benzinga

SLB Announces Definitive Agreement to Sell Its Interests in Palliser Block

HOUSTON--(BUSINESS WIRE)--Global energy technology company SLB (NYSE: SLB) today announced that it has entered into a definitive agreement to sell its interests in the Palliser Block located in Albert...

6 weeks ago - Business Wire

Schlumberger: Robust International Division, Strong Market Position Should Deliver Long-Term Growth

Schlumberger's international division shows robust growth, particularly in the Middle East and Asia, despite North America's decline due to weak prices and lower drilling activities. Tailwinds from of...

7 weeks ago - Seeking Alpha

Schlumberger's Oilfield Services Can Drive Strong Returns

Schlumberger, with a $62 billion market cap, faces challenges during downturns but has rebuilt operations to generate strong returns. The company's future opportunities and shareholder returns are pro...

2 months ago - Seeking Alpha

October's Top 3 Stocks Revealed by MarketBeat

MarketBeat offers numerous tools to investors, but the single most significant is the MarketRank™ tool. The MarketRank feature aggregates data for over 1.5 million global listings in eight categories ...

Other symbols: ALLYJACK
2 months ago - Benzinga

SLB Announces Third-Quarter 2024 Results Conference Call

HOUSTON--(BUSINESS WIRE)--SLB (NYSE: SLB) will hold a conference call on October 18, 2024, to discuss the results for the third quarter ending September 30, 2024. The conference call is scheduled to b...

2 months ago - Business Wire

14 energy stocks whose ample cash flow might benefit shareholders

Favored names expected to continue gushing cash include Devon, Halliburton and Schlumberger.

2 months ago - Market Watch

SLB and ADNOC Drilling Partner for Unconventional Oil and Gas Development

ABU DHABI, United Arab Emirates--(BUSINESS WIRE)--SLB (NYSE: SLB) today announced an agreement to create Turnwell Industries LLC OPC (Turnwell), a joint venture (JV) with ADNOC Drilling Company, SLB a...

2 months ago - Business Wire