Schlumberger Limited (SLB) Q2 2024 Earnings Call Transcript
Schlumberger Limited (NYSE:SLB ) Q2 2024 Results Conference Call July 19, 2024 9:30 AM ET Company Participants James McDonald - SVP of IR & Industry Affairs Olivier Le Peuch - CEO Stephane Biguet - EVP & CFO Conference Call Participants James West - Evercore ISI David Anderson - Barclays Scott Gruber - Citigroup Arun Jayaram - JPMorgan Neil Mehta - Goldman Sachs Dan Kutz - Morgan Stanley Luke Lemoine - Piper Sandler Saurabh Pant - Bank of America Marc Bianchi - TD Cowen Kurt Hallead - Benchmark Operator Thank you everyone for standing by. Welcome to the SLB Second Quarter Earnings Conference Call.
Gold Down 2%; SLB Posts Upbeat Earnings
U.S. stocks traded lower midway through trading, with the Dow Jones index falling more than 300 points on Friday.
SLB Q2 Earnings Beat Estimates, Revenues Rise Year Over Year
SLB's Q2 earnings gain from significant contributions from Middle East & Asia projects and enhanced offshore exposure in key regions, including the Gulf of Mexico.
Schlumberger (SLB) Q2 Earnings and Revenues Surpass Estimates
Schlumberger (SLB) came out with quarterly earnings of $0.85 per share, beating the Zacks Consensus Estimate of $0.83 per share. This compares to earnings of $0.72 per share a year ago.
SLB beats quarterly profit estimates on international drilling demand
SLB beat analysts' estimates for second-quarter profit on Friday, as the top oilfield services provider benefited from steady demand for its drilling equipment and technology in international markets.
Down 6% This Year, Will SLB Stock Recover Following Q2 Results?
SLB's stock (NYSE: SLB), formerly known as Schlumberger, which provides oil field services including drilling, completion, and production solutions to upstream oil & gas companies in the U.S. and abroad, is scheduled to report its fiscal second-quarter results on Friday, July 19. We expect SLB's stock to likely trade higher with revenues and earnings coming slightly ahead of market expectations in Q2.
Should You Buy, Sell, or Hold SLB Stock Before Q2 Earnings?
The reduction in capital expenditures by SLB's customers is likely to have dampened demand for the company's products & services throughout the second quarter, with indications that this trend will persist.
Schlumberger (SLB) Earnings Expected to Grow: What to Know Ahead of Next Week's Release
Schlumberger (SLB) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Is It Worth Investing in Schlumberger (SLB) Based on Wall Street's Bullish Views?
When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?
Schlumberger (SLB) Rises But Trails Market: What Investors Should Know
In the closing of the recent trading day, Schlumberger (SLB) stood at $45.28, denoting a +0.18% change from the preceding trading day.
After Another Deal, SLB Offers Among The Best Opportunities In The Energy Space
Schlumberger Limited's strategic moves and partnerships, particularly with TotalEnergies, position it well for long-term growth. Diversification into production chemicals and AI, along with strong international demand, support Schlumberger Limited's potential for success. Attractive valuation, projected EPS growth, and commitment to shareholder returns make Schlumberger Limited a compelling investment opportunity.
SLB and TotalEnergies Ink 10-Year Digital Solutions Partnership
SLB and TotalEnergies enter into a 10-year collaboration to co-develop scalable digital solutions, focusing on enhancing energy resource access and efficiency through advanced AI technologies.
