SLB Stock Recent News
SLB LATEST HEADLINES
In the latest trading session, Schlumberger (SLB) closed at $45.46, marking a +1.27% move from the previous day.
Zacks.com users have recently been watching Schlumberger (SLB) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
SLB is set to create Turnwell Industries, along with ADNOC and Patterson-UTI, to advance the UAE's unconventional oil and gas program.
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 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 Conference Call Operator at +1 (844) 721-7241 within North America or +1 (409) 207-6955 outside of North America approxima.
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 and Patterson-UTI. The JV will allow the three companies to leverage leading innovations in AI, smart drilling design, completions engineering and production solutions. The JV will focus on the acceleration of UAE's unconventional oil and gas program, with an initial 144 wells scheduled for completi.
Schlumberger (SLB) concluded the recent trading session at $42.98, signifying a +0.19% move from its prior day's close.
The partnership is likely to enable SLB's industry-leading subsurface software, Petrel, and wellbore software, Techlog, to be accessible on AWS, starting in 2024.
The energy industry has come into the spotlight recently as crude oil and natural gas prices have retreated. Most oil stocks have pulled back as investors have embraced the new normal of lower prices as demand concerns have remained.
SLB and Aramco are working to develop digital solutions aimed at reducing greenhouse gas emissions. The idea is to consolidate these solutions into SLB's digital sustainability platform.
SLB's strong fundamentals drive premium valuations with high growth expectations, but there remains some uncertainty.