Stephanie Link, CIO at Hightower, joins CNBC's 'Halftime Report' to discuss her latest portfolio moves.
In the latest trading session, Schlumberger (SLB) closed at $41.17, marking a +0.51% move from the previous day.
Aramco shall hold 60% ownership of the carbon capture project based in Jubail, Saudi Arabia, while SLB and Linde will own 20% each.
Schlumberger (SLB) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
Saudi oil giant Aramco, top oilfield services company SLB and Linde, the world's largest industrial gases company, have signed an agreement to build a carbon capture and storage project in Jubail, Saudi Arabia.
Schlumberger (SLB) concluded the recent trading session at $43.63, signifying a -0.71% move from its prior day's close.
In the most recent trading session, Schlumberger (SLB) closed at $43.75, indicating a -1.09% shift from the previous trading day.
Schlumberger has 4 key revenue streams and operates globally. Its narrative is focusing on capital discipline, operating efficiency and margins as it improves margins. Schlumberger's strong cash flows provides flexibility to give back to shareholders through share repurchases and dividends. Its optimized, de-levered financials brings more synergies through strategic acquisitions for future development. The industry outlook does not provide assurance to investors, especially for a cyclical sector like energy. However, Schlumberger's broad portfolio, long-term contracts and upstream specialty enhances resilience to short-term fluctuations.
Although SLB is making substantial investments in digital transformation and AI-driven solutions, these efforts have yet to result in notable revenue growth.
SLB's strategic positioning in oilfield services, strong digital solutions growth, and robust financial health make it a compelling investment opportunity. Despite near-term headwinds, SLB's expanding profitability, disciplined capital allocation, and AI/cloud technology partnerships position it for sustainable growth. SLB's solid balance sheet, shareholder-friendly capital returns, and low valuation enhance its appeal for value and potentially strong total returns.
Schlumberger (SLB) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?