SLB – Page 2 – Oil & Gas 360

International drilling rebound helps SLB beat earnings estimates

October 20, 2023

Oil Price Oilfield services giant SLB (NYSE: SLB) reported on Friday higher-than-expected earnings for the third quarter as global drilling demand further strengthened amid what the world’s biggest oilfield services provider described as an ongoing “multiyear growth cycle”. SLB posted a net income of $1.12 billion for the third quarter, up by 9% sequentially and up by 24% year-on-year. Earnings per

SLB beats profit forecast as offshore and international drilling rebounds

July 21, 2023

Oil Price The biggest oilfield services firm in the world, SLB (NYSE: SLB), reported on Friday higher-than-expected earnings for the second quarter thanks to higher offshore drilling activity and a rebound in the international markets. SLB’s earnings per share for the second quarter rose by 11% sequentially and by 7% year on year, to $0.72, beating the analyst consensus

Oilfield services firm SLB beats fourth-quarter profit forecast

January 20, 2023

Investing SLB, the world’s largest oilfield services firm, beat Wall Street estimates for fourth-quarter profit on Friday, driven by strong demand for drilling services and equipment as oil and gas prices remained elevated amid tight supplies. SLB, formerly called Schlumberger (NYSE:SLB), has benefited from increased oil drilling and production in North America and elsewhere. Revenue from North America rose 27%

Schlumberger becomes SLB, a technology company driving the future of energy

October 24, 2022

World Oil HOUSTON — Schlumberger today announced its new name—SLB—underscoring the company’s vision for a decarbonized energy future and affirming its transformation from the world’s largest oilfield services company to a global technology company focused on driving energy innovation for a balanced planet. Beginning today, the legacy Schlumberger brand and nearly all of its affiliated brands will become one

U.S. Restricts Exports of Oil Diluents to Venezuela - Oil & Gas 360

Oil Production Diving, Inflation Climbing Fast: Venezuelans Squeezed

March 14, 2018

Venezuela’s citizens are left holding a bag, one that is saddled with $60 billion dollars worth of debt. Citizens of Venezuela have been buying into bonds due to government policies of subsidizing the purchase of foreign debt by individual investors, Reuters reported in December 2017. Big businesses in the country have also poured money into the bonds, hoping to capitalize

Schlumberger: First Out of the Box

January 19, 2018

SLB: says will exit seismic acquisition market; posts almost a billion-dollar write down for Venezuela Schlumberger Limited (ticker: SLB) reported its results for fourth quarter and full-year 2017. Highlights Fourth quarter revenue of $8.2 billion, increased 3% sequentially Fourth quarter pretax operating income of $1.2 billion, increased 9% sequentially Fourth quarter GAAP loss per share, including charges of $2.11 per

Schlumberger Leads Off Q3 Earnings Rush

October 20, 2017

Kibsgaard: Market is now in balance, look for upward movement in oil prices and growth in E&P investment Earnings season is here for Q3, and the oil and gas industry got off to a strong start with Schlumberger (ticker: SLB) reporting today. Q3 Stats Revenue of $7.9 billion increased 6% sequentially Pretax operating income of $1.1 billion increased 11% sequentially

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