Welcome to our dedicated page for Schlumberger news (Ticker: SLB), a resource for investors and traders seeking the latest updates and insights on Schlumberger stock.
Schlumberger (SLB), a global leader in oilfield services and energy solutions, provides cutting-edge technology for reservoir characterization, drilling optimization, and sustainable energy projects. This page serves as the definitive source for verified company updates, offering stakeholders timely access to operational developments and strategic initiatives.
Investors and industry professionals will find curated press releases covering quarterly earnings, technology partnerships, and sustainability advancements, including updates on SLB Capturi's carbon capture solutions. The collection spans operational milestones across drilling services, production enhancements, and geothermal energy innovations.
All content is organized to highlight SLB's engineering expertise in complex projects while maintaining neutral reporting standards. Bookmark this page for streamlined access to essential updates about the company's global operations and energy transition strategies.
Schlumberger Limited (SLB) reported strong third-quarter results for 2022, with revenue of $7.5 billion, a 10% sequential and 28% year-on-year growth. International revenue surged 13% sequentially and 26% year-on-year to $5.9 billion. GAAP EPS was $0.63, down 6% sequentially but up 62% year-on-year. Free cash flow reached $1.1 billion. The company approved a quarterly cash dividend of $0.175 per share. CEOL Olivier Le Peuch highlighted strong growth across divisions, driven by Well Construction and Production Systems, underscoring an optimistic outlook for ongoing investments and technology adoption.
Schlumberger has partnered with RTI International to enhance its proprietary non-aqueous solvent (NAS) technology for carbon capture, significantly improving efficiency while reducing costs. This technology consumes 40% less energy and achieves over 99% CO2 capture efficiency from natural gas emissions, the highest reported for such applications. Schlumberger aims to leverage this collaboration to expand market opportunities globally, addressing the urgent need for effective carbon capture solutions amidst rising emissions.
Schlumberger announced a partnership with Gradiant to enhance sustainability in lithium production. This collaboration integrates Gradiant's advanced technology into Schlumberger's NeoLith Energy direct lithium extraction process, aiming to improve mineral recovery while reducing environmental impact. Key benefits noted include reduced time-to-market, lower carbon emissions, and decreased water consumption. The partnership positions Schlumberger to meet rising lithium demand sustainably, leveraging machine learning and digital technology for efficiency.
Schlumberger has been chosen by Wintershall Dea as the preferred partner for its Terra Nova subsurface transformation program. This collaboration will utilize Schlumberger's open-source DELFI Data Ecosystem on the OSDU platform to enhance data accessibility and decision-making efficiencies. The contract spans one year, focusing on integrating data management solutions with Microsoft Azure. Schlumberger's contribution to the OSDU platform is set to unlock significant value, marking a pivotal step in Wintershall Dea's data-driven strategy.
Schlumberger has launched the Enterprise Data Solution, powered by Microsoft Energy Data Services, aiming to transform data accessibility in the energy industry. This platform aligns with the OSDU™ Technical Standard, enabling integration across various vendor technologies. Early adopters include PETRONAS and Chevron, which have improved data management and operational efficiency. The solution emphasizes AI-driven decision-making and supports the energy transition by facilitating carbon capture initiatives.
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Schlumberger has introduced its Digital Platform Partner Program, enabling independent software vendors (ISVs) to develop and market new applications via its open digital platform. This initiative allows Schlumberger customers to access a diverse range of interoperable digital solutions, enhancing data-driven decision-making across the energy sector.
Currently, nine ISVs are involved, focusing on various workflows related to reservoir engineering, carbon capture, and optimization. The initiative aims to embody a connected ecosystem that drives innovation and business performance improvement.
Schlumberger (NYSE: SLB) announced a strategic partnership with Cognite to integrate its Enterprise Data Solution with Cognite Data Fusion®, enhancing operational data usage in the energy sector. This collaboration aims to streamline data from reservoirs and wells onto a unified platform, utilizing AI and analytics to optimize production, reduce costs, and support sustainability goals. The initial focus will be on improving production operations, providing customers with enhanced management of data models and quicker time to value.
Schlumberger Limited (NYSE:SLB) will hold a conference call on October 21, 2022, to discuss its third-quarter results for the period ending September 30, 2022. The call is scheduled for 9:30 am ET with a press release issued at 7:00 am ET. To join, participants should call in 10 minutes prior to the start using provided numbers. A webcast will also be available on its website. A replay can be accessed until November 20, 2022. Schlumberger focuses on delivering digital solutions and technological innovations for the global energy industry.
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