SLB Stock Recent News

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Schlumberger (SLB) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.

OSLO, Norway--(BUSINESS WIRE)--Global energy technology company SLB (NYSE: SLB) announced today that SLB Capturi has completed commissioning and is handing over its modular carbon capture plant at Twence's waste-to-energy facility in Hengelo, Netherlands. The new plant has the capacity to capture up to 100,000 metric tons of CO2 per year, which will be used in applications for the horticulture and food and beverage sectors. The carbon capture plant is based on SLB Capturi's standard, modular Ju.

Top U.S. oilfield services company SLB said its net assets in Russia amounted to about $600 million at the end of 2024, unchanged from 2023, but revenue from the region had slipped.

SLB's market capitalization is $61.3 billion. Its dividend yield is 2.6%, and it has implemented a $2.3 billion investor-friendly share buyback program. Of its 2024 revenue, over 80% was from international operations; North America accounted for less than 20%. SLB recently announced major multi-region multi-year deepwater contracts with Shell.

SLB's stock (NYSE: SLB), formerly known as Schlumberger, an oil field services major, faced a challenging 2024, with its stock price lagging behind the broader energy sector and underperforming its peers in the process. However, the company's stock is up 14% since the beginning of this year, compared to only 2% return of the S&P 500 over the same period.

Bloomberg Intelligence analysts identified 50 watchable firms for 2025, focusing on catalysts like new leadership, asset sales, acquisitions, and new products. 14 of 35 dividend-paying companies meet the "safer" criteria with free cash flow yields exceeding dividend yields, inviting closer investor scrutiny. Top ten Bloomberg Dividend Focus stocks for 2025 projected net gains between 11.62% and 48.92%, based on analyst target prices and dividend yields.

SLB reports strong Q4 earnings, but with clients becoming cautious in their discretionary spending, demand for its products & services is likely to be hurt.

"Drill Baby Drill!" The signature energy battle cry of Donald Trump has returned to center stage as he returns to the White House.

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