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SLB announces voluntary delisting from Euronext Paris

Regulatory News: SLB (NYSE: SLB) today announced that it will proceed with a voluntary delisting of its shares (ISIN: AN8068571086) from Euronext Paris. Consistent with its prior decisions to delist...

Analyst Report: Schlumberger Ltd.

Market Update: ISRG, SLB, NXPI

SLB to Accelerate Co-Development of AI-Driven Digital Platform for Aker BP

Regulatory News: This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240722159176/en/(Photo: Business Wire) SLB and Aker BP today announced...

Barclays Sticks to Its Buy Rating for Schlumberger (SLB)

In a report released today, David Anderson from Barclays maintained a Buy rating on Schlumberger (SLB Research Report), with a price target of $6...

Analysts Offer Insights on Energy Companies: Whitehaven Coal Limited (OtherWHITF), Viper Energy (VNOM) and Schlumberger (SLB)

There's a lot to be optimistic about in the Energy sector as 3 analysts just weighed in on Whitehaven Coal Limited (WHITF Research Report), Viper Energy...

Strong EBITDA Performance and Strategic Initiatives Underpin Buy Rating for Schlumberger

In a report released today, Marc Bianchi from TD Cowen maintained a Buy rating on Schlumberger (SLB Research Report), with a price target of $64...

Top Stock Movers Now: CrowdStrike, Halliburton, Travelers, and More

Adam Gray / Stringer / Getty Images A sign in New York City that train information is not running due to a global technical outage on July 19, 2024.

 Key TakeawaysU.S. equities slumped in...

Gold Down 2%; SLB Posts Upbeat Earnings

Oilfield services heavyweights, SLB and Halliburton, reported earnings on Friday, with both companies meeting or exceeding analyst expectations. Despite the positive results, the market reaction diverged from retail investor sentiment.Stocktwits sentiment for both companies underwent a dramatic shift. By 10:20 AM ET, scores flipped from neutral a day ago to overwhelmingly bullish (SLB: 86/100, HAL: 75/100) with extremely high message volume.<figure class="image"><img style="aspect-ratio:1324/316;" src="https://st-everywhere-cms-prod.s3.us-east-1.amazonaws.com/SLB_stocktwits_sentiment_score_Jul_19_01436e0bd2.png" alt="SLB stocktwits sentiment score Jul 19.png" width="1324" height="316"><figcaption>SLB stocktwits sentiment score Jul 19</figcaption></figure><figure class="image"><img style="aspect-ratio:1322/328;" src="https://st-everywhere-cms-prod.s3.us-east-1.amazonaws.com/HAL_stocktwits_sentiment_score_Jul_19_81622d00f0.png" alt="HAL stocktwits sentiment score Jul 19.png" width="1322" height="328"><figcaption>HAL stocktwits sentiment score Jul 19</figcaption></figure>However, the broader market seemed less convinced. &nbsp;HAL shares dipped over 4% to $34.91, while SLB climbed 3.50% to $50.45.The negative response to HAL likely stemmed from missing sales estimates and a decline in U.S. and Canada sales for the fourth consecutive quarter compared to the same period last year, according to Bloomberg. Halliburton also lowered its full-year North American revenue guidance by 6-8% due to reduced activity, as reported by Reuters.SLB, on the other hand, surpassed expectations for both revenue and EPS. This reflects the company's strategic pivot towards international and offshore projects in response to the slowdown in U.S. shale activity driven by industry consolidation, low natural gas prices, and pressure from investors to prioritize shareholder returns.Despite the market's lukewarm response, Halliburton's Stocktwits stream buzzed with bullish posts. Many users dismissed the price drop as an overreaction, and some even saw potential long-term benefits from a potential Donald Trump re-election, echoing a similar sentiment expressed by <a href="https://finance.yahoo.com/news/analyst-says-halliburton-company-nyse-121830749.html">Wolfe Research</a> earlier this month.SLB, with its global reach, is considered a bellwether for the overall oil and gas industry, offering insights into the sector's financial health, while Halliburton is more closely tied to activity in the U.S. shale patch.An additional factor influencing retail sentiment could be speculation around a potential tax cut on major oil companies under a second Trump term, as suggested by an analysis earlier this year. However, the validity and impact of such a scenario remain uncertain.While retail investors seem enthusiastic about the future of oilfield services companies, the market in this case is taking a wait-and-see approach. Both SLB and HAL are down over 3% so far this year. &nbsp;

Oilfield Giants SLB, Halliburton Deliver Mixed Q2 Earnings — But Retail Investors Unswayed

SLB’s strong earnings and international focus impressed retail investors, but Halliburton's weak North American sales and lower guidance raised some concerns.

Equity

SLB’s strong earnings and international focus impressed retail investors, but Halliburton's weak North American sales and lower guidance led to a stock price drop.

SLB engages in the provision of energy technology. It operates through the following business segments: Digital and Integration, Reservoir Performance, Well Construction, and Production Systems. The Digital and Integration segment involves the combination of digital solutions and data products with its Asset Performance Solutions. The Reservoir Performance segment consists of technologies and services for productivity and performance optimization. The Well Construction segment includes the full portfolio of products and services for well placement and performance, drilling, and wellbore assurance. The Production Systems segment focuses on the development of technologies and provides services to production and recovery from subsurface reservoirs to the surface, into pipelines, and to refineries. The company was founded by Conrad Schlumberger and Marcel Schlumberger in 1926 and is headquartered in Houston, TX.

Volume	8.23M
52-Wk High	$62.12
52-Wk Low	$42.61

Current Price	$48.83
Prev Close	$48.23
Open	$48.79
Dividend Yield	1.92%
50-Day Moving Average	$46.46
Beta	0.74
Avg. Volume	13.57M
PE Ratio	15.97

52-Week High	$62.12
52-Week Low	$42.61
Market Capitalization	$69.79B
EPS	$3.06
Price to Book	3.29
Revenue Per Employee	$316,765.77
Enterprise Value/EBITDA	9.95

SLB Schlumberger Ltd.

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