The Latest Breaking News from SLB

When you hear the name Schlumberger, oil drilling usually comes to mind. But they are evolving as they leverage technology to bolster efficiency and production.

SLB is the leading AI play for oilfield services advancing technology with its Lumi platform. Lumi helps widen margins with efficiency and insight.

The Dow and S&P 500 scored their biggest weekly gains since the early November election.

SLB stock is soaring Friday after the energy firm reported strong fourth-quarter earnings and unveiled several shareholder-friendly initiatives.

March S&P 500 E-Mini futures (ESH25) are up +0.35%, and March Nasdaq 100 E-Mini futures (NQH25) are up +0.48% this morning, pointing to a positive opening on Wall Street as Treasury yields edged lower, while investors awaited fresh data on the U.S. housing market and manufacturing sector.

March S&P 500 E-Mini futures (ESH25) are down -0.83%, and March Nasdaq 100 E-Mini futures (NQH25) are down -1.26% this morning while Treasury yields continued to rise as investors trimmed bets on Federal Reserve interest rate cuts following Friday’s strong payroll data.

The energy sector offers value due to rising global demand, focus on energy security, market growth, regulatory support, technological advancements, and increasing oil and gas prices. Therefore, in this dynamic backdrop, it may be wise to consider undervalued energy stocks: Schlumberger (SLB), VAALCO Energy (EGY), and Obsidian Energy (OBE), which…

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Schlumberger is expected to announce its fourth-quarter results this month, and analysts predict a single-digit growth in the company’s bottom-line figure.

Although Schlumberger has underperformed relative to the energy sector over the past year, Wall Street analysts maintain a bullish outlook on the stock’s prospects.

Aramco, Linde, and SLB have formed a partnership to establish a CCS hub in Saudi Arabia, aiming to reduce emissions and increase capacity in future phases.