Schlumberger Expands Carbon Capture Reach Through Aker ACC Deal: Details
Benzinga (Thu, 28-Mar 6:50 AM ET)
Buy Rating Reaffirmed for Schlumberger Amid Strong Growth and Strategic Advantages
TipRanks (Thu, 28-Mar 6:15 AM ET)
M&A News: SLB to Strengthen Carbon Capture Business with Aker Acquisition
TipRanks (Thu, 28-Mar 4:21 AM ET)
SLB to buy 80% stake in Aker Carbon Capture joint venture for at least $381M
Seeking Alpha News (Wed, 27-Mar 8:48 PM ET)
SLB Announces Agreement to Acquire Majority Ownership in Aker Carbon Capture
Business Wire (Wed, 27-Mar 7:33 PM ET)
Russian cuts to crude output may bring $100 oil, J.P. Morgan says
Seeking Alpha News (Wed, 27-Mar 2:07 PM ET)
SLB Announces First-Quarter 2024 Results Conference Call
Business Wire (Wed, 27-Mar 1:00 PM ET)
World’s largest oilfield services company has no plans to leave Russia - FT
Seeking Alpha News (Mon, 25-Mar 7:11 PM ET)
Nabors Announces Fourth Quarter 2023 Results
PRNewswire (Tue, 6-Feb 4:15 PM ET)
SLB Reaffirms 2024 Financial Guidance
Business Wire (Tue, 30-Jan 7:00 PM ET)
SLB is the largest oilfield service firm in the world, with expertise in myriad disciplines, including reservoir performance, well construction, production enhancement, and more recently, digital solutions. It maintains a reputation as one of the industry's leading innovators, which has earned it dominant share in numerous end markets.
Schlumberger N.V. trades on the NYSE stock market under the symbol SLB.
As of March 28, 2024, SLB stock price declined to $54.81 with 6,886,112 million shares trading.
SLB has a beta of 0.82, meaning it tends to be less sensitive to market movements. SLB has a correlation of 0.10 to the broad based SPY ETF.
SLB has a market cap of $78.51 billion. This is considered a Large Cap stock.
Last quarter Schlumberger N.V. reported $9 billion in Revenue and $.86 earnings per share. This beat revenue expectation by $30 million and exceeded earnings estimates by $.02.
In the last 3 years, SLB stock traded as high as $62.78 and as low as $24.52.
The top ETF exchange traded funds that SLB belongs to (by Net Assets): VTI, XLE, VOO, SPY, IVV.
SLB has underperformed the market in the last year with a return of +19.9%, while the SPY ETF gained +33.6%. In the last 3 month period, SLB fell short of the market, returning +3.9%, while SPY returned +10.1%. However, in the most recent 2 weeks SLB has outperformed the stock market by returning +4.3%, while SPY returned +1.7%.
SLB support price is $54.16 and resistance is $55.64 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that SLB stock will trade within this expected range on the day.