The company's fortunes are closely tied to prices of oil and gas, and they haven't provided much help.
SLB missed analysts' estimates for first-quarter profit on Friday, as a slowdown in demand in Latin America for its oilfield equipment and services dragged its international business.
SLB's Q1 earnings are likely to have gained from a favorable crude pricing environment.
Evaluate the expected performance of Schlumberger (SLB) for the quarter ended March 2025, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics for better insight.
Schlumberger (SLB) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Schlumberger (SLB) reachead $34.15 at the closing of the latest trading day, reflecting a +1.16% change compared to its last close.
Schlumberger (SLB) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
SLB mentions that the partnership will focus on making Shell technologically more efficient, thereby aiding its digital transformation process.
Schlumberger (SLB) reachead $42.19 at the closing of the latest trading day, reflecting a -0.02% change compared to its last close.
SLB expands its role in the Trion project with an AI-enabled drilling contract from Woodside, marking a key step toward its first oil production in 2028.
Schlumberger presents a compelling long-term investment with strong international growth, margin expansion, and robust free cash flow. SLB's strategic push into digital solutions, AI, and low-carbon initiatives like carbon capture and geothermal positions it for future growth. With a strong balance sheet and trading at a forward P/E well below its historical average, the Company offers an attractive entry point.
The U.K.'s competition watchdog said it is preparing to launch an in-depth investigation of SLB's proposed acquisition of ChampionX, saying the deal could affect competition if allowed to go ahead.