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Slb

All articles tagged with #slb

market-news1 month ago•17 min saved

Oil Rally Pushes SLB and TRGP Into Wall Street Spotlight

Oil prices jumped above $116 a barrel (WTI) and about $117 (Brent) as Middle East tensions raised supply concerns, putting Schlumberger (SLB) and Targa Resources (TRGP) back in focus. SLB beat Q4 2025 estimates with $0.78 earnings per share on $9.75 billion in revenue; Goldman Sachs analyst Neil Mehta reiterated a Buy with a $60 target, and TipRanks shows a Strong Buy with roughly 15–16% upside. TRGP posted about $4.1 billion in revenue and $2.53 per share for Q4, with Morgan Stanley and RBC lifting targets (to $298 and $260, respectively); it also carries a Strong Buy from TipRanks with a modest upside of around 4–5%.

via TipRanks|

#energy-stocks #market-news #oil

finance2 years ago•4 min saved

"5 Top Dividend Stocks for Passive Income and Growth in 2024"

Wall Street analysts recommend three dividend stocks for passive income: OneMain Holdings, offering an 8.1% dividend yield and backed by a reliable business model; Walmart, with a 1.4% dividend yield and positive outlook on consumer stability and international sales growth; and oilfield services company SLB, providing a 2% dividend yield and potential for capital returns and growth investments, as well as an underappreciated digital business.

via CNBC|

#dividend-stocks #finance #onemain-holdings

business2 years ago•1 min saved

"Schlumberger's $8 Billion Acquisition of ChampionX Signals Growing Deal-Making in US Energy Sector"

Schlumberger (SLB) announced its acquisition of ChampionX in an all-stock deal valued at $7.75 billion, marking its second acquisition in a week and the largest since 2016. The deal aims to strengthen SLB's operations by adding production chemicals and artificial lift technologies to its portfolio. ChampionX shareholders will receive 0.735 shares of SLB common stock, or $40.59 per share, representing a 14.7% premium to ChampionX's last closing price. SLB expects annual pre-tax savings of about $400 million in the first three years after the deal closure, which is expected before the end of 2024.

via Yahoo Finance|

#acquisition #business #championx

business-energy2 years ago•1 min saved

"SLB's $8 Billion Acquisition of ChampionX Signals Energy Sector Consolidation"

Oilfield services company SLB has announced its acquisition of smaller rival ChampionX in an all-stock deal valued at $7.75 billion, marking its second acquisition in a week and the biggest purchase since 2016. The deal is part of a trend of consolidation in the North American energy sector, with SLB aiming to strengthen its operations by adding production chemicals and artificial lift technologies to its portfolio. ChampionX shareholders will receive 0.735 shares of SLB common stock, or $40.59 per share, representing a 14.6% premium to ChampionX's last closing price. SLB expects annual pre-tax savings of about $400 million in the first three years after the deal closure, which is expected before the end of 2024.

via Reuters|

#acquisition #business-energy #championx

finance2 years ago•0 min saved

"Jim Cramer Recommends Buying SLB in Lightning Round"

Jim Cramer, a well-known stock market expert, shared his thoughts on various stocks, suggesting that Chewy and Home Depot are worth considering, while expressing skepticism about JetBlue. He also recommended buying SLB, indicating that the company is performing well and could be a good investment opportunity.

via CNBC|

#finance #home-depot #investing

business2 years ago•0 min saved

"SLB Projects 'Significant Growth' in Saudi Arabia, Affirms 2024 Financial Guidance"

SLB reaffirms its full-year financial outlook for 2024 and anticipates "significant growth" in Saudi Arabia despite concerns over reduced capital investment following Saudi Aramco's halted oil production capacity expansion. The company reassures that ongoing oil and gas projects with Saudi Aramco remain intact, except for two offshore oil increment projects. SLB remains optimistic about its revenue mix in Saudi Arabia and its market position in the Middle East supporting continued growth in the region.

via Seeking Alpha|

#business #financial-outlook #global-oil-demand

finance2 years ago•1 min saved

"Oil Service Stocks Soar as Halliburton Reports Strong 2023 Earnings"

CNBC's Jim Cramer is optimistic about the future of oil service stocks, particularly SLB and Halliburton, following their strong earnings reports which highlighted robust international business and increased efficiency. Both companies have seen stock gains post-earnings, with SLB's 10 consecutive quarters of double-digit growth and a 10% dividend raise signaling confidence in future success. Cramer's concerns about efficiency were alleviated by Halliburton's explanation of improved margins and increased revenue from each well, leading him to believe that these stocks have room to climb further.

via CNBC|

#earnings #finance #halliburton

finance2 years ago•3 min saved

Schlumberger Ltd (SLB) Reports Strong Q4 2023 Results, Increases Dividend

Schlumberger Ltd (SLB) reported strong fourth-quarter and full-year 2023 results, with revenue increasing by 14% and 18% respectively, and net income rising by 4% and 22% respectively. The company also announced a 10% increase in its quarterly dividend and repurchased 1.8 million shares. International revenue grew by 18% in the fourth quarter and 20% for the full year, outpacing North America. CEO Olivier Le Peuch emphasized the company's ability to deliver superior earnings, generate impressive cash flows, and maintain a strong balance sheet, reflecting resilience and growth in a competitive market.

via Yahoo Finance|

#dividend-increase #finance #financial-results

business2 years ago•6 min saved

American Oilfield Services Companies: Secret Allies in Providing Millions of Dollars in Aid to Russia During Ukraine Invasion

Major American oilfield services companies, including SLB (formerly Schlumberger), Baker Hughes, and Halliburton, supplied Russia with millions of dollars worth of equipment for months after its invasion of Ukraine, helping to sustain its oil and gas sector. While Baker Hughes and Halliburton wound down their Russian operations several months after the invasion, SLB continued to sell technology there until recently. The companies' exports to Russia were deeply shocking to many, as Western nations had launched sanctions aimed at starving the Russian war effort. The equipment provided by these American companies played a crucial role in keeping Russia's challenging oilfields operational, which accounted for nearly half of the country's federal revenues in 2021.

via Fortune|

#business #oilfield-services #russia