SLB - Schlumberger Limited

NYSE - NYSE Delayed Price. Currency in USD
34.42
-0.25 (-0.72%)
At close: 4:01PM EST

34.11 -0.31 (-0.90%)
Pre-Market: 4:15AM EST

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Previous Close34.67
Open34.81
Bid33.70 x 1800
Ask35.47 x 1000
Day's Range34.13 - 34.87
52 Week Range30.65 - 48.88
Volume7,904,645
Avg. Volume10,582,311
Market Cap46.894B
Beta (5Y Monthly)1.68
PE Ratio (TTM)N/A
EPS (TTM)-7.32
Earnings DateApr 15, 2020 - Apr 19, 2020
Forward Dividend & Yield2.00 (5.80%)
Ex-Dividend DateFeb 10, 2020
1y Target Est43.43
  • Why Is Schlumberger (SLB) Down 11.2% Since Last Earnings Report?
    Zacks

    Why Is Schlumberger (SLB) Down 11.2% Since Last Earnings Report?

    Schlumberger (SLB) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.

  • Reuters

    TechnipFMC expects charges of $2.4 bln in fourth quarter

    Oilfield services provider TechnipFMC said on Monday that it expects to take asset impairment charges of $2.4 billion in the fourth quarter as producers cut spending due to lower prices for oil and gas. TechnipFMC also said it expects 2019 revenue to be near $13.5 billion, the midpoint of its previously estimated range, and forecast goodwill impairment charge in the subsea segment to account for $1.3 billion of the total charges. Weakening North American shale activity due to lower oil prices has taken a toll on oilfield services provider, with Halliburton Co disclosing a $2.2 billion charge last month, while Schlumberger NV outlined an aggressive cost-cut plan.

  • T. Boone Pickens' BP Capital Adds 3 Energy Stocks to Portfolio
    GuruFocus.com

    T. Boone Pickens' BP Capital Adds 3 Energy Stocks to Portfolio

    Firm of the late oil tycoon releases 4th-quarter trades Continue reading...

  • GlobeNewswire

    Gulfport Energy Corporation Appoints Valerie Jochen to its Board of Directors

    Valerie has decades of experience in petroleum engineering and subsurface technical review and analysis, with a focus on unconventional gas development. Ms. Jochen has more than 35 years of technical industry experience and brings significant expertise in petroleum engineering and analysis of unconventional reservoirs to Gulfport. Ms. Jochen currently serves as a Professor of Practice in Reservoir Engineering at Texas A&M University, where she began in January 2018 following a nearly 20-year career at Schlumberger Limited (SLB).

  • Do These 3 Checks Before Buying Schlumberger Limited (NYSE:SLB) For Its Upcoming Dividend
    Simply Wall St.

    Do These 3 Checks Before Buying Schlumberger Limited (NYSE:SLB) For Its Upcoming Dividend

    Schlumberger Limited (NYSE:SLB) stock is about to trade ex-dividend in 3 days time. You will need to purchase shares...

  • Barrons.com

    2 Funds to Play a Rebound in the Price of Oil

    Now may be the time to grab some oil stocks on the cheap. The prices of oil and the stocks of the companies that drill for it have been smashed by news of the coronavirus.

  • Coronavirus has caused an 'oil demand shock' to prices: Goldman Sachs
    Yahoo Finance

    Coronavirus has caused an 'oil demand shock' to prices: Goldman Sachs

    Oil prices have hit the skids thanks to the coronavirus.

  • Energy Stock Earnings Line-up for Jan 31: CVX, XOM & IMO
    Zacks

    Energy Stock Earnings Line-up for Jan 31: CVX, XOM & IMO

    The latest Earnings Outlook indicates that the energy sector's Q4 results might reflect a 47.1% nosedive from the year-ago reported figure.

  • Do Investors Have Good Reason To Be Wary Of Staatl. Mineralbrunnen AG's (MUN:SLB) 1.3% Dividend Yield?
    Simply Wall St.

    Do Investors Have Good Reason To Be Wary Of Staatl. Mineralbrunnen AG's (MUN:SLB) 1.3% Dividend Yield?

    Dividend paying stocks like Staatl. Mineralbrunnen AG (MUN:SLB) tend to be popular with investors, and for good reason...

  • Coronavirus Fears Reveal Weakness in the Energy Sector
    GuruFocus.com

    Coronavirus Fears Reveal Weakness in the Energy Sector

    Underperformance in the sector may continue with growing inventories and poor risk-reward Continue reading...

  • MarketWatch

    Energy stocks lead S&P 500's sector losers, as oil prices hurt by coronavirus fears

    The energy sector is suffering a broad selloff, and is the worst performer of the S&P 500's 11 key sectors, amid increasing worries that the deadly coronavirus would weigh on economic growth and sap demand for crude oil. The SPDR Energy Select Sector ETF dropped 2.5% toward a 13-month low, with all 28 components losing ground. The ETF has now dropped 6.6% in the past week as the coronavirus out of Wuhan made headlines. Halliburton Co.'s stock was the biggest loser Monday, shedding 5.0%. Among the other more-active components, shares of Schlumberger Ltd. slid 4.7%, Exxon Mobil Corp. declined 1.9%, Marathon Oil Corp. lost 2.0% and Kinder Morgan Inc. slipped 0.8%. Meanwhile, crude oil futures shed 2.8%, and were on track to settle at a 3 1/2-month low. The selloff comes as the S&P 500 dropped 1.6%. Separately, Marathon Oil was upgraded by Stifel Nicolaus analyst Derrick Whitfield, who picked Monday to raise his rating to buy, after being at hold for at least the past three years. Whitfield said he's now bullish because of the company's commitment to shareholder returns and improving capital efficiency. The company also offers investors lower than average execution risks.

  • 5 Oil & Gas Stocks Likely to Surpass Q4 Earnings Estimates
    Zacks

    5 Oil & Gas Stocks Likely to Surpass Q4 Earnings Estimates

    The latest Earnings Preview implies a 47.2% slump in the energy sector's fourth-quarter earnings from the year-ago reported number.

  • US Oil Drillers Add Rigs Despite Conservative Capital Budget
    Zacks

    US Oil Drillers Add Rigs Despite Conservative Capital Budget

    Domestic oil drillers may again remove rigs since explorers have decided to curb spending on the drilling of new wells for the second straight year in 2020.

  • 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.