SLB Stock Recent News

Schlumberger offers a compelling value opportunity with strong business performance, low P/E, and forward growth expectations. The company's focus on resilient market segments and robust digital growth, combined with the pending ChampionX acquisition, positions SLB well for continued growth. SLB has a solid balance sheet, expanding margins, and a robust capital return strategy, including dividends and share buybacks, enhancing shareholder value.

SLB's well integrity assessment solution can help companies detect risks associated with wells and their potential impact on the early stages of development of carbon storage projects.

Schlumberger (SLB) closed the most recent trading day at $45.60, moving +1.06% from the previous trading session.

SLB is expanding into the carbon capture market, which is still in its early stages. Despite this, the firm is likely to achieve industry-leading margins.

A robust and resilient subsea market will benefit specialized operators like TechnipFMC (FTI) and SLB (SLB).

Following Russia's invasion of Ukraine, SLB is expanding its Russian operations, signing new contracts and recruiting staff despite Western competitors exiting the market.

Calgary, Alberta--(Newsfile Corp. - August 13, 2024) - LithiumBank Resources Corp. (TSXV: LBNK) (OTCQX: LBNKF) ("LithiumBank'' or the "Company") is pleased to announce the advancement of the reservoir characterization assessment of its Boardwalk project. The Company has further engaged global technology company SLB (NYSE: SLB) to provide detailed reservoir modelling that can be used to upgrade and update the current NI 43-101 Resource Estimate at the Boardwalk lithium brine project in west-central Alberta (Figure 1) ("Boardwalk").

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.

Strict capital discipline by upstream energy companies is acting as a dampener, thereby making the outlook for the Zacks Oil and Gas- Field Services industry gloomy. SLB, BKR, HLX and SOI are expected to survive the industry challenges.

The energy sector has experienced a remarkable turnaround, driven by a confluence of factors, including post-pandemic recovery and geopolitical tensions. The combination of reduced investments during the pandemic and the Russia-Ukraine conflict has created a supply-demand imbalance, pushing oil and natural gas prices to new heights.