Geopolitical and Market Risks - Demand for the company's products and services is highly dependent on oil and gas prices, with past downturns significantly impacting financial performance[45][46] - The company faces risks from geopolitical instability, including potential disruptions in markets where it operates, such as Russia and Ukraine[49][52] - Russia represented approximately 5% of the company's worldwide revenue in 2023, with net assets in Russia valued at $0.6 billion as of December 31, 2023[51] International Operations and Revenue - Non-US operations accounted for approximately 84% of the company's consolidated revenue in 2023 and 2022, and 85% in 2021[49] - Approximately 72% of the company's revenue in 2023 was denominated in US dollars, with significant expenses incurred in foreign currencies, exposing the company to foreign currency exchange rate risks[154] Energy Transition and Climate Change - The energy transition poses a significant risk, as failure to adapt to changing customer preferences and government requirements could adversely affect demand for the company's products and services[53] - Climate change regulations and initiatives, such as the Paris Agreement, could reduce demand for the company's products and services and increase operational costs[65][67] - The company's business is exposed to severe weather events, including those associated with climate change, which could result in increased operating costs or decreased revenue[74] Cybersecurity and Intellectual Property - Cybersecurity risks are a major concern, with potential impacts on the company's reputation, financial condition, and operations due to cyberattacks and data breaches[54][55][57] - Intellectual property risks, including potential infringement claims and challenges to patent protection, could impact the company's competitive advantage and revenue[59][60] Environmental and Operational Risks - Environmental compliance costs and liabilities could have a material adverse effect on the company's business, financial condition, and cash flows due to increasingly complex and stringent regulations[68] - The company uses and generates hazardous substances, which could lead to material liabilities related to contamination cleanup and personal injury claims[69] - The company faces substantial liability risks from well incidents, including blowouts and loss of containment, which could adversely affect its financial condition and cash flows[70] Sustainability and Public Health - The company's sustainability goals and emissions reduction targets are subject to operational, reputational, financial, and legal risks, and may be revised due to future innovations in measurement technologies[71] - Public health emergencies, such as COVID-19, have had and may continue to have a material adverse effect on the company's financial condition, results of operations, and cash flows[75] Competitive and Regulatory Environment - The company operates in a highly competitive environment, and failure to maintain technology leadership could adversely affect its market share and pricing power[58] - Compliance with international, regional, and local laws and regulations, including anti-corruption and trade control laws, is critical to avoid material adverse effects on the company's financial condition[61][62][63] Financial Risks and Forward-Looking Statements - A 10% appreciation in the US dollar would decrease the unrealized value of the company's forward contracts by $103 million, while a 10% depreciation would increase it by $113 million[155] - At December 31, 2023, the company had outstanding contracts for the US dollar equivalent of $10.6 billion in various foreign currencies, with $5.3 billion related to hedges of debt balances[156] - The company's forward-looking statements are subject to risks and uncertainties, including changes in global economic conditions, oil and gas prices, and regulatory requirements[157]

Schlumberger (SLB) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.Shares of this world's largest oilfield services company have returned -4.5% over the past month versus the Zacks S&P 500 composite's +2.1% change. The Zacks Oil and Gas - Field Services industry, to which Schlumberger belongs, has lost 5.6% over this period. Now the key question is: Where could the stock be head ...

JHVEPhoto/iStock Editorial via Getty Images Investment thesis I have been bullish on Schlumberger Limited (NYSE:SLB) for a while and did not expect we would see another entry point in the $40s. However, terrible energy (XLE) and oilfield services (OIH) sentiment has brought us back to oversold levels not seen since the regional banking (IAT) crisis: TradingView via Seeking Alpha A major correction naturally raises questions about the validity of the fundamental thesis. However, Schlumberger's earnings beat ...

Schlumberger Limited (NYSE:SLB) Q4 2023 Results Conference Call January 19, 2024 9:30 AM ET Company Participants James McDonald - Senior Vice President of Investor Relations and Industry Affairs Olivier Le Peuch - Chief Executive Officer Stephane Biguet - Executive Vice President and Chief Financial Officer Conference Call Participants James West - Evercore ISI David Anderson - Barclays Bank PLC Scott Gruber - Citigroup Inc Luke Lemoine - Piper Sandler & Co Saurabh Pant - Bank of America Securities Neil Meh ...

SLB (SLB) reported fourth-quarter 2023 earnings of 77 cents per share (excluding charges and credits), which missed the Zacks Consensus Estimate of 84 cents. The bottom line, however, increased from the year-ago quarter’s level of 71 cents.The oilfield service giant recorded total quarterly revenues of $8.99 billion, which beat the Zacks Consensus Estimate of $8.98 billion. The top line also improved from the year-ago quarter’s figure of $7.88 billion.Better-than-expected quarterly earnings were primarily d ...

Schlumberger (SLB) reported $8.99 billion in revenue for the quarter ended December 2023, representing a year-over-year increase of 14.1%. EPS of $0.86 for the same period compares to $0.71 a year ago.The reported revenue represents a surprise of +0.09% over the Zacks Consensus Estimate of $8.98 billion. With the consensus EPS estimate being $0.84, the EPS surprise was +2.38%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determin ...

Key PointsSLB had a solid quarter, outperforming estimates and guiding for another year of strong growth. Analysts are driving this market higher and see it trading at least 30% below value. The technical picture includes a trend-following signal that could take this market to a five-year high. 5 stocks we like better than SchlumbergerThe price action in SLB NYSE: SLB entered a correction last fall, but it has ended. Within a sustained uptrend, the correction has drilled to critical levels and rebounded aft ...

About this content About Stephen Gunnion Stephen Gunnion is a senior financial journalist and broadcaster at Proactive Investors. He has more than 25 years of experience in television, radio and print media, anchoring on a number of television channels including South Africa's Business Day TV, CNBC Africa and the South African Broadcasting Corporation, where he was the economics editor. He has also worked for Daily Maverick, Bloomberg, the Business Day newspaper and Investors' Chronicle. Read more About ...

Schlumberger (SLB) came out with quarterly earnings of $0.86 per share, beating the Zacks Consensus Estimate of $0.84 per share. This compares to earnings of $0.71 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 2.38%. A quarter ago, it was expected that this world's largest oilfield services company would post earnings of $0.77 per share when it actually produced earnings of $0.78, delivering a surprise of 1.30%.Over the last ...

智通财经APP获悉，油服巨头斯伦贝谢(SLB.US)周五美股盘前公布2023年第四季度业绩。数据显示，该公司Q4营收为89.9亿美元，同比增长14%，好于市场预期;Non-GAAP 每股收益为0.86美元，同比增长21%，也好于市场预期。 斯伦贝谢在声明中表示：“随着全球能源需求的持续增长，预计国际生产将在本十年末满足供应方面发挥关键作用。值得注意的是，我们预计中东地区的创纪录投资水平将持续到2025年以后，沙特阿拉伯、阿拉伯联合酋长国、伊拉克和科威特的投资将大幅增长。海上活动仍然是这个持久增长周期的另一个独特属性，是产量增长和产能增加的重要来源，我们预计巴西、西非、东地中海、中东和东南亚的强劲活动将继续下去。” 该公司还表示：“在国际环境中，尽管各个地区的地缘政治紧张局势加剧，但我们预计不会对该行业的整体活动产生重大影响。此外，我们预计中东、全球海上活动和天然气资源领域的长期投资将在很大程度上与短期大宗商品价格波动脱钩。” ...