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Schlumberger Ltd. - SLB STOCK NEWS

Welcome to our dedicated news page for Schlumberger Ltd. (Ticker: SLB), a resource for investors and traders seeking the latest updates and insights on Schlumberger Ltd..

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Schlumberger Ltd.'s stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Schlumberger Ltd.'s position in the market.

Rhea-AI Summary
SLB reported strong first-quarter 2024 results with revenue of $8.71 billion, a 13% year-on-year increase, and net income of $1.07 billion, up 14% year-on-year. The company announced a target to return $7 billion to shareholders over 2024-2025. International revenue grew 18% year-on-year, compensating for a 6% decline in North America. SLB CEO Olivier Le Peuch highlighted revenue growth, EPS increase, and adjusted EBITDA growth of 15%. The company aims to continue its momentum in the coming quarters.
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SLB has been awarded three completion contracts by Petrobras for the development of the Buzios Wave II oilfield, focusing on electric and digital-ready completions. The contracts aim to support Petrobras' move toward production system electrification, enhancing completion reliability and production availability. The technology developed at SLB's Taubaté Engineering Center in Brazil will be utilized in the Buzios field and potentially benefit other operators in Brazilian pre-salt fields.
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0.45%
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SLB to Acquire ChampionX in All-Stock Transaction to Strengthen Production Space Leadership. SLB to Increase Shareholder Returns to $3 Billion in 2024 and $4 Billion in 2025. Annual Synergies of $400 Million Expected within Three Years.
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10.4%
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SLB and Aker Carbon Capture are merging their carbon capture businesses to accelerate industrial decarbonization. SLB will own 80% of the combined entity, aiming to revolutionize carbon capture technology for global markets.
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SLB (NYSE:SLB) will hold a conference call on April 19, 2024, to discuss the first quarter results ending March 31, 2024. The call is set for 9:30 am US Eastern time with a press release at 7:00 am. Access details provided for call and webcast. Replay available until May 19, 2024.
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1.54%
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Nabors Industries Ltd. reported a net loss of $17 million in Q4 2023, compared to a loss of $49 million in Q3. Operating revenues for the full year 2023 were $3.0 billion, a 13% increase from the prior year. Adjusted EBITDA for 2023 was $915 million, a 29% year-on-year growth. The company's segments, including Nabors Drilling Solutions and Rig Technologies, also saw positive growth. The company announced collaborations and business combinations, showing promising future prospects.
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SLB (NYSE: SLB) reaffirms its full-year 2024 financial guidance despite Saudi Aramco's decision to maintain Maximum Sustainable Capacity at 12 MMBD. CEO Olivier Le Peuch expresses confidence in significant growth in the Kingdom and global energy demand, emphasizing the strength and longevity of the cycle through 2024 and beyond.
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SLB (NYSE: SLB) announced a significant step toward fully autonomous drilling operations at Equinor's Brazilian Peregrino C platform. Over a five-well program, a 60% increase in rate of penetration was achieved, resulting in faster well delivery while reducing cost and carbon emissions. Multidisciplinary experts collaborated to design and implement interconnected autonomous workflows, enabling the system to seamlessly drill the section. The platform combines apps, AI, physics-based science, and free-flowing data to accelerate and improve exploration, development, drilling, production, and new energy operations.
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SLB (NYSE: SLB) announced impressive fourth-quarter and full-year results for 2023, with fourth-quarter revenue of $8.99 billion, a 14% year-on-year increase, and full-year revenue of $33.14 billion, an 18% year-on-year increase. Fourth-quarter GAAP EPS of $0.77 decreased 1% sequentially, and full-year GAAP EPS of $2.91 increased 22% year on year. The company also reported a 10% increase in quarterly cash dividend to $0.275 per share and a full-year net income attributable to SLB of $4.20 billion, a 22% year-on-year increase.
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2.22%
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Rhea-AI Summary
Schlumberger (SLB) and Nabors Industries (NBR) have announced a collaboration to scale the adoption of automated drilling solutions for oil and gas operators and drilling contractors. The agreement will enable customers to seamlessly integrate the companies’ drilling automation applications and rig operating systems to deliver improved well construction performance and efficiency.
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Schlumberger Ltd.

NYSE:SLB

SLB Rankings

SLB Stock Data

74.33B
1.42B
0.19%
83.85%
1.36%
Support Activities for Oil and Gas Operations
Mining, Quarrying, and Oil and Gas Extraction
Link
US
Houston

About SLB

schlumberger is the world's leading provider of technology for reservoir characterization, drilling, production, and processing to the oil and gas industry. working in more than 85 countries and employing people who represent over 140 nationalities, schlumberger supplies the industry's most comprehensive range of products and services, from exploration through production and integrated pore-to-pipeline solutions for hydrocarbon recovery that optimize reservoir performance. apply for a position with us at careers.slb.com