Shares of SLB were trading higher after the oil services provider formerly known as Schlumberger topped earnings estimates and raised its quarterly dividend. ...

HOUSTON--(BUSINESS WIRE)--SLB (NYSE: SLB) today announced results for the fourth-quarter and full-year 2023. Fourth-Quarter Results (Stated in millions, except per share amounts) Three Months Ended Change Dec. 31,2023 Sept. 30,2023 Dec. 31,2022 Sequential Year-on-year Revenue $8,990   $8,310   $7,879   8%   14% Income before taxes - GAAP basis $1,433   $1,395   $1,347   3%   6% Income before taxes margin - GAAP basis 15.9%   ...

SLB (SLB) is set to report fourth-quarter 2023 earnings on Jan 19, before the opening bell.Let’s delve into the factors that are anticipated to have influenced this oilfield service player’s performance in the to-be-reported quarter. However, it is worth taking a look at SLB’s previous quarter’s performance first.Highlights of Q3 Earnings & Surprise HistoryIn the last reported quarter, the company’s earnings of 78 cents per share (excluding charges and credits) beat the Zacks Consensus Estimate by a penny,  ...

The market expects Schlumberger (SLB) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended December 2023. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The earnings report, which is expected to be released on January 19, 2024, might help the stock move higher if these key numbers ...

SLB (SLB) entered an investment and technology partnership with Geminus AI, marking a significant leap in the realm of artificial intelligence (AI) applications for oil and gas operations.Per the terms of the alliance, SLB, a prominent player in the energy sector, gains exclusive rights to leverage Geminus AI’s innovative model builder. The unique feature of the Geminus model builder is that it combines physics-based methods with process data to create accurate AI models.What makes these models special is t ...

The most recent trading session ended with Schlumberger (SLB) standing at $48.45, reflecting a -0.23% shift from the previouse trading day's closing. This change lagged the S&P 500's daily gain of 0.57%. Elsewhere, the Dow gained 0.46%, while the tech-heavy Nasdaq added 0.75%.Shares of the world's largest oilfield services company witnessed a loss of 0.98% over the previous month, trailing the performance of the Oils-Energy sector with its gain of 1.25% and the S&P 500's gain of 3.4%.Investors will be eager ...

In trading on Wednesday, shares of Schlumberger entered into oversold territory, changing hands as low as $47.88 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indicator used to measure momentum on a scale of zero to 100. A stock is considered to be oversold if the RSI reading falls below 30.Start slideshow: 10 Oversold Energy Stocks »In the case of Schlumberger Ltd, the RSI reading has hit 29.6 — by comparison, the universe of energy stocks ...

Schlumberger (SLB) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term.Shares of this world's largest oilfield services company have returned +6.3% over the past month versus the Zacks S&P 500 composite's +2.9% change. The Zacks Oil and Gas - Field Services industry, to which Schlumberger belongs, has gained 1.4% over this period. Now the key question is: Where could the stock be headed in ...

About this content About Oliver Haill Oliver has been writing about companies and markets since the early 2000s, cutting his teeth as a financial journalist at Growth Company Investor with a focusing on AIM companies and small caps, before a few years later becoming a section editor and then head of research. He joined Proactive after a couple of years freelancing, where he worked for the Financial Times Group, ITV, Press Association, Reuters sports desk, the London Olympic News Service, Rugby World Cup ...

About this content About Oliver Haill Oliver has been writing about companies and markets since the early 2000s, cutting his teeth as a financial journalist at Growth Company Investor with a focusing on AIM companies and small caps, before a few years later becoming a section editor and then head of research. He joined Proactive after a couple of years freelancing, where he worked for the Financial Times Group, ITV, Press Association, Reuters sports desk, the London Olympic News Service, Rugby World Cup ...