SLB - Schlumberger Limited

NYSE - NYSE Delayed Price. Currency in USD
35.77
-0.66 (-1.81%)
At close: 4:01PM EST
Stock chart is not supported by your current browser
Previous Close36.43
Open36.22
Bid35.73 x 1200
Ask35.77 x 1300
Day's Range35.35 - 36.22
52 Week Range30.65 - 48.88
Volume10,033,539
Avg. Volume10,750,286
Market Cap49.524B
Beta (5Y Monthly)1.61
PE Ratio (TTM)N/A
EPS (TTM)-7.32
Earnings DateApr 15, 2020 - Apr 19, 2020
Forward Dividend & Yield2.00 (5.49%)
Ex-Dividend DateFeb 10, 2020
1y Target Est43.35
  • Investopedia

    3 Oil and Gas Equipment Stocks in Possible New Uptrend

    Robust international operations coupled with rebounding oil prices have lifted oil and gas equipment stocks. Trade these three industry leaders.

  • Oil's Contractors Are Contracting, and That's Good
    Bloomberg

    Oil's Contractors Are Contracting, and That's Good

    (Bloomberg Opinion) -- Kinder Morgan Inc. just issued the thrilling news that it plans to grow profits by 0% this year. That counts as a win in energy in 2020.The pipelines giant was something of a bellwether in late 2015 when it slashed its dividend and soon after did the same to its growth plans. This process reached a logical conclusion of sorts in the full year results presented Wednesday evening. After the usual bullish remarks about natural gas, management outlined a plan to keep spending tight so it could bump the divided up on flat Ebitda. Having chipped away at its debts over the past four years or so, several asset sales allowed leverage to dip a bit further. And even as the project backlog drifted lower, any scurrilous talk of M&A on the earnings call was quashed swiftly.This is your U.S. energy playbook for the foreseeable future, folks.Kinder isn't a bellwether this time; the shrinkage doctrine is cropping up all over. We've just been treated to a set of results from the big oilfield services companies best described as managed retreat. Like Kinder Morgan's gas commentary, Schlumberger Ltd. made its customarily upbeat remarks about the outlook for international drilling activity on its own earnings call last week. Yet the action items are largely a set of retrenchments: job cuts, technology franchising (read: asset-light) and exiting or potentially exiting commoditized businesses such as artificial lift, fracking equipment and drilling tools. Similarly, Halliburton Co. touted growth prospects overseas, while carrying out “initial personnel reductions and real estate rationalization” as its core U.S. land business continues to suffer. Both companies are back to trading at discounts last seen when the oil crash was only just getting underway.The contractors are taking their lead from their clients. Both ConocoPhillips and Chevron Corp. closed out 2019 with declarations of restraint; one via a strategy presentation and the other with a big write-down. Similarly, the shortest run of year-over-year job gains in the U.S. upstream business since 2002 effectively ended in November (see this). It’s tough for even this habitually upbeat industry to talk a big game when (a) natural gas prices are comatose in the middle of JANUARY and (b) despite a year’s worth of Middle East drama having been crammed into just a few weeks, oil futures are lower now than they were after that last supposed game-changer in Saudi Arabia back in September:Evident caution on the part of oil and gas enablers such as pipeline operators and rig contractors is a clear sign the mantra of reducing capital intensity is taking over. After a decade like the one just gone, with many billions wasted in pursuit of sheer market share, that is no bad thing. Plus, with efforts to address climate change — itself essentially a war on waste — this decade brings added pressure to run an extraordinarily tight ship.Old habits die hard, and not everyone gets it. But with E&P earnings season about to kick off, it is worth noting that Kinder Morgan, with guidance roughly as exciting as cocktail hour at a pipelines conference, leads the energy sector on Thursday morning.To contact the author of this story: Liam Denning at ldenning1@bloomberg.netTo contact the editor responsible for this story: Mark Gongloff at mgongloff1@bloomberg.netThis column does not necessarily reflect the opinion of Bloomberg LP and its owners.Liam Denning is a Bloomberg Opinion columnist covering energy, mining and commodities. He previously was editor of the Wall Street Journal's Heard on the Street column and wrote for the Financial Times' Lex column. He was also an investment banker.For more articles like this, please visit us at bloomberg.com/opinionSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Houston's oil field service companies close out tough 2019
    American City Business Journals

    Houston's oil field service companies close out tough 2019

    The three largest oil field equipment and services companies based in Houston all reported trouble in their North American arms.

  • Things You Should Know from Halliburton's (HAL) Q4 Earnings
    Zacks

    Things You Should Know from Halliburton's (HAL) Q4 Earnings

    Well aware of the tough operating environment, Halliburton (HAL) aims to protect its cash flows in 2020.

  • What Do Q4 Earnings Say About Oil Service ETFs?
    Zacks

    What Do Q4 Earnings Say About Oil Service ETFs?

    Schlumberger and Halliburton have surpassed earnings estimates in Q4 and put these ETFs in focus.

  • Oil & Gas Stock Roundup: Schlumberger's Q4, Eni's Agogo Start-Up & More
    Zacks

    Oil & Gas Stock Roundup: Schlumberger's Q4, Eni's Agogo Start-Up & More

    Schlumberger (SLB) reported upbeat Q4 earnings on strength in its international operations. Meanwhile, Eni (E) announced the flow of first oil from the Agogo field, offshore Angola.

  • Halliburton (HAL) Q4 Earnings Top on International Activity
    Zacks

    Halliburton (HAL) Q4 Earnings Top on International Activity

    Halliburton's (HAL) Drilling and Evaluation unit profit jumps from $185 million in the fourth quarter of 2018 to $224 million in the corresponding quarter of 2019.

  • U.S. Shale Has Already Peaked for Drillers Like Halliburton
    Bloomberg

    U.S. Shale Has Already Peaked for Drillers Like Halliburton

    (Bloomberg) -- U.S. shale oil fracking has already peaked and is in a period of sustained contraction, according to two major providers of services to the industry.That view from Halliburton Co. and Schlumberger Ltd. signals an eventual deceleration in U.S. oil production, which is currently at record highs. Slower output growth would have global ramifications, given additional American barrels are forecast to account for most of the increase in worldwide supply this year.Halliburton Chief Executive Officer Jeff Miller said Tuesday that customer spending in North America will keep falling this year. That echoes Schlumberger, which said Friday it’s continuing to shrink its business in the region to match lower demand.The oil services industry has cut thousands of jobs in the U.S. and scrapped unwanted fracking equipment in recent months as shale companies slash spending in a bid to generate free cash flow amid a stagnant oil market and slumping natural gas prices. The deep retrenchment indicates a lack of conviction that demand will ever recover to previous highs.Halliburton said Tuesday it’s slashing its own spending by 20% from last year to $1.2 billion to keep up with a changing market.“2019 solidified the pivot from growth to capital discipline in North America,” Miller told analysts and investors Tuesday on a conference call. “As unconventionals enter maturation phase, Halliburton is committed to the North American market.”Houston-based Halliburton said North American revenue slumped 21% in the final three months of last year compared with the third quarter. It took $2.2 billion of impairment charges for the most recent period, related to severance costs and writedowns on pressure-pumping and drilling equipment.Halliburton cut 22% of its frack fleet last year, Miller said. Schlumberger, the largest oil and gas services company, has already reduced its pressure-pumping fleet in half, and said Friday it has no intention of bringing that equipment back into service. It took $12.7 billion in pretax charges for the third quarter and is restructuring its North American land business.Even if oil prices improve, publicly traded oil and gas exploration and production companies aren’t likely to materially change their capital-spending plans, Praveen Narra, an analyst at Raymond James, wrote Tuesday in a note. “We predict an underspend of 11%, meaning the E&P industry is cash flow positive after capex for the first time since 2005.”The gloomy picture at home contrasts with improving demand internationally as larger oil companies make a slow recovery from depressed crude prices several years earlier. However, Halliburton, the No. 3 oil services provider, has historically generated more of its sales in the U.S. and Canada than Schlumberger or Baker Hughes Co., the other big player.“In 2020, we expect our international growth to continue” and international margins to improve, Miller said in a statement.Halliburton reported a $1.65 billion net loss for the fourth quarter, compared with net income of $664 million a year earlier. Excluding the impairment charges, earnings per share exceeded analysts’ estimates by 3 cents.Shares of the company rose 1.9% to $24.41 at 11:05 a.m. in New York.To contact the reporter on this story: David Wethe in Houston at dwethe@bloomberg.netTo contact the editors responsible for this story: Simon Casey at scasey4@bloomberg.net, Pratish Narayanan, Steven FrankFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Barrons.com

    Halliburton Lost $1.7 Billion. Here’s Why the Stock Is Up.

    Halliburton posted a $1.7 billion loss, after taking a $2.2 billion write-down, largely because of a slowdown in drilling in North America. Halliburton has been laying off staff and scrapping drilling equipment over the past year. Part of its impairment charge was for severance costs.

  • TheStreet.com

    Schlumberger Shares Fall After Cowen Downgrade

    An analyst at Cowen says earnings forecasts for Schlumberger may be too optimistic, and the stock is near full value.

  • Stock Market News for Jan 20, 2020
    Zacks

    Stock Market News for Jan 20, 2020

    Benchmarks closed in the green on Friday, and ended the week at record highs banking on strong economic data and solid fourth-quarter earnings results.

  • Chevron's Venezuela Operations Get Another 90-Day Waiver
    Zacks

    Chevron's Venezuela Operations Get Another 90-Day Waiver

    Had there been no waiver extensions, Chevron's (CVX) exit would follow close on the heels of various other U.S.-based players that left Venezuela.

  • Oil Drillers Add Rigs in Permian Basin and Eagle Ford Shale
    Zacks

    Oil Drillers Add Rigs in Permian Basin and Eagle Ford Shale

    Domestic drillers may again remove rigs since explorers have a conservative capital budget in place and have decided to curb spending on drilling new wells.

  • Oil Pares Gains as Plentiful Supply Tempers Libya Disruption
    Bloomberg

    Oil Pares Gains as Plentiful Supply Tempers Libya Disruption

    (Bloomberg) -- Oil pared gains after rising to the highest in more than a week as projections of plentiful world supplies countered concern about disruptions in Iraq and Libya.Brent futures climbed earlier to $66 a barrel as Libya’s oil production almost ground to a halt when armed forces closed a critical pipeline, shuttering output from the nation’s biggest oil project. In fellow OPEC nation Iraq, escalating protests stopped work at a minor field on Sunday.In the past few months, oil markets have rallied after an attack on Saudi oil infrastructure in September and military confrontation between Iran and the U.S. this month, only for prices to drop once tensions subsided.“The oil market has been conditioned to look past any immediate supply disruptions,” Daniel Ghali, a TD Securities commodity strategist, said by phone. “We really are in an oversupplied market.”The International Energy Agency projected last week that a “solid base” of oil inventories and surging U.S. shale oil production will help weather disruptions. On Monday, the International Monetary Fund trimmed its forecast for world economic growth, reducing prospects for energy demand.Libya’s eastern strongman Khalifa Haftar kept virtually all of the nation’s oil fields shut, in a show of defiance after world leaders failed to persuade him to sign a peace deal ending the OPEC country’s civil war. While the Libya conflict and other dramas have roiled markets, prices are now little changed from the end of last year after swinging within a trading range of $8 a barrel.“The amount of oil which is off is substantial, but right now the expectations are that it’s not going to last because it’s part of a negotiation process,” said Olivier Jakob, managing director at consultant Petromatrix GmbH in Zug, Switzerland. “We are in this situation where you have some supply concerns if one looks at protests in Iraq and the situation in Libya, but on the other hand the products are weak.”Brent crude rose 35 cents to $65.20 a barrel Monday on the ICE Futures Europe exchange, having earlier climbed 1.8% to $66, the highest since Jan. 9. West Texas Intermediate futures gained 12 cents to $58.66 a barrel in electronic trading on the New York Mercantile Exchange after rising 2% earlier. U.S. markets were closed Monday for the Martin Luther King holiday.See also: The Man Who Cut Libya’s Oil Supply Is Getting Harder to HandleLibya won’t be able to pump more than 72,000 barrels a day once its storage tanks are full, according to a spokesman for the NOC, down from more than 1.2 million barrels per day on Saturday. The company declared force majeure, which can allow the country to legally suspend delivery contracts.Separately, security guards in Iraq seeking permanent employment contracts blocked access to the Al Ahdab oil field, prompting a production halt, according to an official who declined to be identified. The Badra field, which has output of about 50,000 barrels a day, is also at risk of closure.\--With assistance from James Thornhill, Serene Cheong, Andrew Janes, Saket Sundria, Heesu Lee, Grant Smith and Alex Longley.To contact the reporter on this story: Robert Tuttle in Calgary at rtuttle@bloomberg.netTo contact the editors responsible for this story: James Herron at jherron9@bloomberg.net, Steven Frank, James AttwoodFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • E-mini Dow Jones Industrial Average (YM) Futures Technical Analysis – Trader Reaction to 29279 Sets the Tone
    FX Empire

    E-mini Dow Jones Industrial Average (YM) Futures Technical Analysis – Trader Reaction to 29279 Sets the Tone

    Given the prolonged move up in terms of price and time, the direction of the March E-mini Dow Jones Industrial Average on Monday is likely to be determined by trader reaction to Friday’s close at 29279.

  • Thomson Reuters StreetEvents

    Edited Transcript of SLB earnings conference call or presentation 17-Jan-20 1:30pm GMT

    Q4 2019 Schlumberger NV Earnings Call

  • Oil Falls for Second Week as Ample Supply Offsets Trade Hopes
    Bloomberg

    Oil Falls for Second Week as Ample Supply Offsets Trade Hopes

    (Bloomberg) -- Oil declined for the second week as signs that supplies remain plentiful offset optimism over the signing of the U.S.-China trade agreement.Futures in New York were little changed Friday but ended the week 0.9% lower. Refiners have turned a crude surplus into a product surplus with U.S. gasoline and distillate stocks expanding by over 40 million barrels during the last three weeks. The build overshadowed Beijing’s commitment to spending $52.4 billion in additional purchases of American energy in the next two years as part the phase-one trade deal between the world’s biggest economies.“There is a positive vibe after the trade deal, but the fact is we are so oversupplied it’s going to be difficult to get the market up past $60,” said Bob Yawger, futures director at Mizuho Securities USA LLC in New York.Before the landmark U.S.-China accord was signed, prices reached a six-week low Wednesday after U.S. government data showed petroleum inventories in the country expanded to the highest levels since September. Supplies at the critical Cushing, Oklahoma, commercial storage hub rose for the first time in 10 weeks. American crude production continues to set new records, reaching 13 million barrels a day earlier this month.Oil drilling rose for the first time in four weeks, led by the Permian Basin, indicating that oil supplies are poised for more gains in the near term.West Texas Intermediate futures for February delivery settled up 2 cents at $58.54 a barrel on the New York Mercantile Exchange.Brent for March settlement rose 23 cents to $64.85 on the ICE Futures Europe exchange in London after climbing 1% on Thursday. That put its premium over WTI for the same month at $6.27 a barrel.The market may have to contend with another week of inventory builds as fog on the U.S. Gulf Coast has intermittently suspended marine traffic and slowed exports, according to Andy Lipow, president of Lipow Oil Associates LLC in Houston.The International Energy Agency noted on Thursday that global markets have a “solid base” of inventories and climbing supplies from outside the OPEC cartel, even as elevated tensions in the Middle East endanger production from Iraq and elsewhere.(A previous version corrected the timeframe of the stock build in the second paragraph.)\--With assistance from James Thornhill, Elizabeth Low, Grant Smith and Jackie Davalos.To contact the reporter on this story: Sheela Tobben in New York at vtobben@bloomberg.netTo contact the editors responsible for this story: James Herron at jherron9@bloomberg.net, Catherine Traywick, Mike JeffersFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • US STOCKS-Wall Street hits new highs in strongest week since August
    Reuters

    US STOCKS-Wall Street hits new highs in strongest week since August

    Analysts expect earnings at S&P 500 companies to drop 0.8% in the fourth quarter, but forecast a 5.8% rise in the first quarter of 2020, according to Refinitiv IBES data. Billionaire David Tepper, who founded hedge fund Appaloosa Management, told CNBC that he remains bullish on U.S. equities. The Dow Jones Industrial Average rose 0.17% to end at 29,348.1 points, while the S&P 500 gained 0.39% to 3,329.62.

  • Benzinga

    PreMarket Prep Recap: Monthly Options Expiration Volatility, Gap Cancels Old Navy Spin Off

    One aspect of our show that distinguishes us from any other premarket coverage is our focus on opening imbalances for stocks listed on the New York Stock Exchange. The reason: these imbalances will dictate the opening price of these issues and can be especially influential on days of monthly or quadruple witch expirations. Monthly options expiration takes place on the third Friday of the month and quadruple expirations occur quarterly (March, June, September and December).

  • 5 Top Stock Trades for Tuesday: BA, PINS, AMZN
    InvestorPlace

    5 Top Stock Trades for Tuesday: BA, PINS, AMZN

    The stock market continues to grind out new record highs, as equities pushed higher on Friday. Remember, Monday is closed in observation of Martin Luther King Jr. Day, so let's look at a few top stock trades for Tuesday. Top Stock Trades for Tuesday No. 1: Boeing (BA)Source: Chart courtesy of StockCharts.comBoeing (NYSE:BA) stock is moving lower on Friday, and as it's doing so, it's approaching the lower end of its recent trading range.Range support has stood firm for well over a year. The only time it failed came in late-2018, when the entire market was being hammered. Should $320 give way, it technically puts the $300 level on the table -- with the fourth-quarter lows near $286 possible below that.InvestorPlace - Stock Market News, Stock Advice & Trading TipsIf support holds, see if BA can take out its recent high at $344. If so, its 100-week moving average and downtrend resistance (blue line) are possible. Top Stock Trades for Tuesday No. 2: Pinterest (PINS)Source: Chart courtesy of StockCharts.comPinterest (NYSE:PINS) has suddenly found itself back in demand, with shares rallying from $20 to $24 in just a few trading sessions.Despite an upgrade propelling it higher on Friday, shares backed off after running into prior range support between $24 and $25, as well as the declining 100-day moving average.What now? Let's see if the stock can find its footing and continue to press higher. Otherwise, a correction down to $21 and/or the 20-day moving average may be in the cards. Top Stock Trades for Tuesday No. 3: Amazon (AMZN)Source: Chart courtesy of StockCharts.comA lot of investors are bemoaning the way Amazon (NASDAQ:AMZN) is trading lately. While it lacks the firepower that other mega-cap tech stocks have shown, it is doing better.Shares broke down below a rising wedge formation (purple lines), but the stock is finding support from the backside of prior channel resistance (blue line), as well as the 20-day moving average.Below this zone would be discouraging. But as long as it stays above the 200-day moving average, bulls still have something to work with. Below the 200-day, and that changes.On the flip side, bulls need to see AMZN clear $1,900 to regain momentum. Above puts the recent high of $1,917 on the table, followed by a potential test up to its July gap near $1,940. Top Stock Trades for Tuesday No. 4: Schlumberger (SLB)Source: Chart courtesy of StockCharts.comSchlumberger (NYSE:SLB) initially rallied on Friday after reporting earnings, but has since turned lower. Now comes make-or-break time.Near $37.50, SLB stock has the rising 50-day moving average and uptrend support (blue line) in play. Below this zone, and longs may want to consider hitting the exits. Below the 200-day moving average, though, and that's most certainly the case for traders.On the upside, investors can see that SLB failed to reclaim $40, a key technical level over the past year. If SLB can reclaim this mark, it will show that bulls are back in control. For now, though, let's see if that trend support holds up. Top Stock Trades for Tuesday No. 5: Twilio (TWLO)Source: Chart courtesy of StockCharts.comTwilio (NYSE:TWLO) has been like a little rocket. Shares broke out over long-term downtrend resistance (blue line) in December, while most growth stocks were already well out of their respective downtrends.In any regard, TWLO has been playing catch-up. On the last trading day of 2019, TWLO closed at $98.28. However, the stock headed north of $120 in five trading days since, all of which were positive. Now, shares are chopping between $117.50 and $121 -- the latter of which comes into play with the 200-day moving average.Below $117.50, and TWLO may correct a bit further given its large run. However, a move over the 200-day moving average, and the $123 mark could fire up the rally once more -- potentially sending TWLO over $130.Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell is long PINS and TWLO. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * The Top 5 Dow Jones Stocks to Buy for 2020 * 7 Fintech ETFs to Buy Now for Fabulous Financial Exposure * 3 Tech Stocks to Play Ahead of Earnings The post 5 Top Stock Trades for Tuesday: BA, PINS, AMZN appeared first on InvestorPlace.

  • Schlumberger's North America revenue down in 2019 as customers feel the squeeze
    American City Business Journals

    Schlumberger's North America revenue down in 2019 as customers feel the squeeze

    Schlumberger Ltd. (NYSE: SLB) reported a total 2019 revenue of $32.92 billion, basically flat with the prior year, according to its fourth-quarter and full-year 2019 financial report. Schlumberger offers oil field services to exploration and production companies, but U.S. onshore oil and gas producers have faced tightening pressure from low oil prices and shifting investor expectations. “After two years of strong growth, North American revenue fell sharply,” CEO Olivier Le Peuch said in a press release on the results.

  • Oilprice.com

    The Single Biggest Factor In Oil This Week

    China has been the key oil price driver this week, with phase one of the trade deal driving prices higher before worrying economic data from the country dragged prices lower

  • US STOCKS-Wall Street strikes new high as housing data fuels optimism
    Reuters

    US STOCKS-Wall Street strikes new high as housing data fuels optimism

    Analysts expect earnings at S&P 500 companies to drop 0.8% in the fourth quarter, but forecast a 5.8% rise in the first quarter of 2020, according to Refinitiv IBES data. Billionaire David Tepper, who founded hedge fund Appaloosa Management, told CNBC that he remains bullish on U.S. equities. At 2:42 p.m. ET, the Dow Jones Industrial Average was up 0.08% at 29,321 points, while the S&P 500 gained 0.22% to 3,323.95.

  • US STOCKS-Wall Street hits new high as data boosts growth outlook
    Reuters

    US STOCKS-Wall Street hits new high as data boosts growth outlook

    The S&P 500 gained 0.21% to 3,323.61 and the Nasdaq Composite was up 0.05% at 9,362.01. Declining issues outnumbered advancers for a 1.06-to-1 ratio on the Nasdaq. The S&P index recorded 122 new 52-week highs and no new lows, while the Nasdaq recorded 186 new highs and nine new lows.